Business Wire·Nov 10, 2026, 7:00 AM ET

908 Devices Reports Third Quarter 2026 Financial Results and Achieves Record Revenue

908 Devices Inc. reported third-quarter 2026 revenue of $19.0 million, a 35% increase year-over-year.
The company raised the low end of its full-year 2026 revenue guidance to $68.5 million, projecting a range of $68.5 million to $70.0 million.
Recurring revenue reached $5.1 million, representing 27% of total quarterly revenue.
Device shipments hit a record high with 308 units placed during the quarter, bringing the installed base to 4,409 devices.
The NIRLab segment shipped approximately 100 devices in its first full quarter following acquisition.
Gross margin remained at 53% on a GAAP basis, while adjusted gross margin was 58%.
Operating expenses decreased to $15.5 million from $23.7 million in the prior year, driven by an $11.0 million non-cash reduction in contingent consideration valuation.
Net loss from continuing operations was $4.6 million, compared to $14.9 million in the same period of the prior year.
The company ended the quarter with $99.1 million in cash, cash equivalents, and marketable securities with no outstanding debt.
A conference call to discuss these results is scheduled for November 10, 2026, at 8:30 am Eastern Time.