908 Devices Inc. Stock Price, News & Analysis

908 Devices (NASDAQ: MASS) is collaborating with CPI to enhance mammalian cell culture techniques aimed at improving growth and protein quality. Utilizing their REBEL™ device, they analyze cell culture media to control critical process parameters. This initiative supports the biopharmaceutical industry's need for predictive modeling and real-time process control in light of advancing therapies. The REBEL allows for rapid analysis, providing insights into amino acid depletion and other metabolic factors, ultimately enhancing bioprocessing workflows.

908 Devices (NASDAQ: MASS) will release its first quarter 2022 financial results on May 10, 2022, before the market opens. A conference call will follow at 5:30 a.m. PT / 8:30 a.m. ET, accessible via the company's website. Known for its handheld and desktop mass spectrometry devices, 908 Devices addresses essential applications in life sciences and related fields, emphasizing quick and actionable insights.

908 Devices Inc. (MASS) reported a significant 57% year-over-year revenue increase for 2021, totaling $42.2 million. The fourth quarter revenue surged 177% to $15.8 million, driven largely by handheld device sales. Gross profit for Q4 was $9.1 million, reflecting a margin of 58%. Operating expenses rose to $12.7 million due to increased headcount and marketing efforts. The net loss decreased from $10.2 million in Q4 2020 to $3.5 million in Q4 2021. For 2022, the company projects revenue growth of 23% to 30%, aiming for $52 million to $55 million.

908 Devices (Nasdaq: MASS) has appointed Tony J. Hunt, President and CEO of Repligen Corporation (Nasdaq: RGEN), to its Board of Directors. Mr. Hunt brings over 20 years of experience in life sciences and bioprocessing. His previous roles include Chief Operating Officer at Repligen and President of Bioproduction at Life Technologies. The appointment aims to enhance 908 Devices' strategic insights and support its goal of developing a comprehensive bioanalytics platform. The company specializes in handheld mass spectrometry devices for critical applications in various markets.

908 Devices (Nasdaq: MASS) will report its fourth quarter and full year 2021 financial results on March 7, 2022, after market close. A conference call will follow at 1:30 p.m. PT / 4:30 p.m. ET. The event will be accessible via the company’s website, with an archive available within 24 hours.

908 Devices specializes in handheld and desktop mass spectrometry devices, designed for immediate chemical and biomolecular analysis in critical applications like life sciences and forensics.

908 Devices Inc. (Nasdaq: MASS), a leader in handheld and desktop mass spectrometry, will participate in two upcoming virtual investor conferences. The first is the 11th Annual SVB Leerink Global Healthcare Conference, scheduled for February 17 at 5:40 a.m. PT. The second is the Cowen 42nd Annual Health Care Conference on March 8 at 8:10 a.m. PT. Investors can access live and archived webcasts via the company's website. 908 Devices aims to revolutionize laboratory mass spectrometry for critical applications in life sciences, bioprocessing, and more.

908 Devices Inc. (NASDAQ: MASS) reported a strong financial performance for 2021, with an estimated revenue of at least $41.5 million, a 54% increase from $26.9 million in 2020. The fourth quarter showed remarkable growth, anticipating revenues of at least $15.1 million, up 165% from $5.7 million in Q4 2020. CEO Kevin J. Knopp noted continued execution of their commercial strategy and plans for future growth in key accounts and product development, as they prepare to release full audited financial results in early March.

908 Devices (NASDAQ: MASS) announced that GlaxoSmithKline (NYSE: GSK) has acquired an additional REBEL™ cell culture media analyzer, bringing GSK's total to five units. This device aids in optimizing cell cultures rapidly and is compatible with bioreactor setups. 908 Devices reported that there are now 15 customers with multiple REBEL devices, a significant increase year-over-year. All top 20 pharmaceutical companies are utilizing 908 Devices' products, enhancing their development processes.

908 Devices (NASDAQ: MASS) collaborates with the U.S. Forest Service (USFS) to enhance its MX908 handheld device for detecting toxic pesticides in illegal marijuana grows on federal lands. Drug traffickers utilize these pesticides in remote areas, posing risks to wildlife and water supplies. The MX908, a battery-powered mass spectrometry device, is set to offer rapid testing capabilities, reducing delays in site remediation. This initiative aims to address environmental hazards while providing safer methods for USFS personnel to manage illegal cultivation.