Symbols / MASS Stock $6.90 -5.48% 908 Devices Inc.

Healthcare • Medical Devices • United States • NGM
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Healthcare
Industry Medical Devices
CEO Dr. Kevin J. Knopp Ph.D.
Exch · Country NGM · United States
Market Cap 260.91M
Enterprise Value 153.64M
Income -35.40M
Sales 57.80M
FCF (ttm) 13.74M
Book/sh 3.96
Cash/sh 2.96
Employees 172
Insider 10d —
IPO Dec 18, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -17.47
PEG —
P/S 4.51
P/B 1.74
P/C —
EV/EBITDA -8.14
EV/Sales 2.66
Quick Ratio 3.07
Current Ratio 3.58
Debt/Eq 3.33
LT Debt/Eq —
EPS (ttm) -0.97
EPS next Y -0.40
EPS Growth —
Revenue Growth 13.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-04
Earnings (prior) 2026-05-06
ROA -7.58%
ROE -24.11%
ROIC —
Gross Margin 52.01%
Oper. Margin -48.60%
Profit Margin -62.40%
Shs Outstand 37.81M
Shs Float 23.47M
Insider Own 8.97%
Instit Own 85.65%
Short Float 20.05%
Short Ratio 14.23
Short Interest 3.48M
52W High 9.34
vs 52W High -26.12%
52W Low 4.21
vs 52W Low 63.90%
Beta 0.56
Impl. Vol. 26.15%
Rel Volume 0.95
Avg Volume 272.44K
Volume 258.99K
Target (mean) $11.00
Tgt Median $11.00
Tgt Low $10.00
Tgt High $12.00
# Analysts 2
Recom Strong_buy
Prev Close $7.30
Price $6.90
Change -5.48%
About

908 Devices Inc. provides purpose-built handheld mass spectrometry and fourier transform infrared (FTIR) devices for use in vital health and safety applications. The company's products include MX908, a handheld, battery-powered, and Mass Spec device that is designed for rapid analysis of solid, liquid, vapor, and aerosol materials of unknown identity; XplorIR, a handheld device that uses FTIR spectroscopy to identify, quantify, and track gases and vapors; ThreatID, a portable FTIR device that rapidly detects and identifies approximately 28,000 unknown gas, vapor, powder, and liquid chemical hazards; ProtectIR, a handheld FTIR device that can identify approximately 23,000 solid and liquid chemical hazards; and VipIR, a handheld 3-in-1 analyzer that integrates FTIR, Raman spectroscopy, and smart spectral processing (SSP), a proprietary algorithm, to provide a single result from just one sample. It operates in the United States, Europe, the Middle East, Africa, the Asia Pacific, and rest of Americas. The company was incorporated in 2012 and is headquartered in Burlington, Massachusetts.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.00
Mean price target
2. Current target
$6.90
Latest analyst target
3. DCF / Fair value
$6.54
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.90
Low
$10.00
High
$12.00
Mean
$11.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-05 up Leerink Partners Market Perform → Outperform $12
2025-01-15 reit Stephens & Co. Overweight → Overweight $6
2024-11-13 main Stifel Buy → Buy $6
2024-11-13 down Leerink Partners Outperform → Market Perform $4
2024-10-17 main Leerink Partners Outperform → Outperform $12
2024-05-13 reit Stephens & Co. Overweight → Overweight $14
2023-09-25 reit Stephens & Co. Overweight → Overweight $14
2023-02-07 init Stephens & Co. — → Overweight $14
2023-01-06 main SVB Leerink — → Outperform $20
2022-11-15 main SVB Leerink — → Outperform $25
2022-03-08 main SVB Leerink — → Outperform $30
2021-05-14 main SVB Leerink — → Outperform $65
2021-01-12 init Stifel — → Buy $65
2021-01-12 init Cowen & Co. — → Outperform —
2021-01-12 init SVB Leerink — → Outperform $70
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-11 AWM INVESTMENT COMPANY, INC. Beneficial Owner of more than 10% of a Class of Security — 5,000 $8.25 $41,257
2026-05-08 KENNEWEG JOHN WESLEY Officer — 18,255 $8.11 $148,048
2026-05-08 AWM INVESTMENT COMPANY, INC. Beneficial Owner of more than 10% of a Class of Security — 78,209 $8.00 $632,130
2026-05-06 BROWN CHRISTOPHER D Director — 20,000 $7.23 $144,600
2026-05-01 KENNEWEG JOHN WESLEY Officer — 7,787 $6.83 $53,185
2026-05-01 KENNEWEG JOHN WESLEY Officer — 26,042 — —
2026-04-10 BROWN CHRISTOPHER D Director — 40,000 $7.04 $282,278
2026-04-10 MCCALLION KEVIN J PH.D. Officer — 2,693 $7.01 $18,878
2026-04-10 MCCALLION KEVIN J PH.D. Officer — 2,693 $1.05 $2,828
2026-04-09 MCCALLION KEVIN J PH.D. Officer — 24,000 $7.03 $169,092
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
56.20
+17.70%
47.75
-4.94%
50.23
+7.21%
46.85
Operating Revenue
56.20
+17.70%
47.75
-4.94%
50.23
+7.21%
46.85
Cost Of Revenue
27.77
+19.48%
23.25
-6.67%
24.91
+19.58%
20.83
Reconciled Cost Of Revenue
27.77
+19.48%
23.25
-6.67%
24.91
+19.58%
20.83
Gross Profit
28.42
+16.01%
24.50
-3.25%
25.32
-2.69%
26.02
Operating Expense
54.10
-0.64%
54.45
-19.89%
67.97
+10.70%
61.41
Research And Development
15.57
+3.92%
14.99
-31.57%
21.90
+24.98%
17.53
Selling General And Administration
38.53
-2.37%
39.46
-14.34%
46.07
+4.99%
43.88
Total Expenses
81.88
+5.38%
77.70
-16.35%
92.88
+12.95%
82.23
Operating Income
-25.68
+14.26%
-29.95
+29.78%
-42.65
-20.54%
-35.38
Total Operating Income As Reported
-39.42
+31.31%
-57.39
-34.23%
-42.76
-20.85%
-35.38
EBITDA
-21.21
+16.04%
-25.27
+25.74%
-34.02
-6.93%
-31.82
Normalized EBITDA
-7.47
-443.63%
2.17
+106.41%
-33.92
-6.59%
-31.82
Reconciled Depreciation
4.46
-4.63%
4.68
+96.39%
2.38
+47.71%
1.61
EBIT
-25.68
+14.26%
-29.95
+17.74%
-36.41
-8.90%
-33.43
Total Unusual Items
-13.74
+49.93%
-27.44
-25547.66%
-0.11
—
Total Unusual Items Excluding Goodwill
-13.74
+49.93%
-27.44
-25547.66%
-0.11
—
Special Income Charges
-13.74
+49.93%
-27.44
-25547.66%
-0.11
—
Impairment Of Capital Assets
0.00
-100.00%
40.66
0.00
—
Restructuring And Mergern Acquisition
13.74
+203.97%
-13.22
-12451.40%
0.11
—
Net Income
19.49
+126.99%
-72.21
-98.37%
-36.40
-8.45%
-33.56
Pretax Income
-33.34
+37.25%
-53.14
-45.15%
-36.61
-9.08%
-33.56
Net Non Operating Interest Income Expense
4.14
-7.97%
4.49
-28.43%
6.28
+230.13%
1.90
Interest Expense Non Operating
—
0.00
-100.00%
0.20
+55.81%
0.13
Net Interest Income
4.14
-7.97%
4.49
-28.43%
6.28
+230.13%
1.90
Interest Expense
—
0.00
-100.00%
0.20
+55.81%
0.13
Interest Income Non Operating
4.14
-7.97%
4.49
-30.65%
6.48
+219.05%
2.03
Interest Income
4.14
-7.97%
4.49
-30.65%
6.48
+219.05%
2.03
Other Income Expense
-11.80
+57.38%
-27.68
-11531.93%
-0.24
-186.75%
-0.08
Other Non Operating Income Expenses
1.94
+905.81%
-0.24
-83.97%
-0.13
-57.83%
-0.08
Tax Provision
-0.07
0.00
+100.00%
-0.21
0.00
Tax Rate For Calcs
0.00
+0.00%
0.00
-66.67%
0.00
0.00
Tax Effect Of Unusual Items
-0.03
+49.93%
-0.05
-8449.22%
-0.00
0.00
Net Income Including Noncontrolling Interests
19.49
+126.99%
-72.21
-98.37%
-36.40
-8.45%
-33.56
Net Income From Continuing Operation Net Minority Interest
-33.28
+37.38%
-53.14
-45.99%
-36.40
-8.45%
-33.56
Net Income From Continuing And Discontinued Operation
19.49
+126.99%
-72.21
-98.37%
-36.40
-8.45%
-33.56
Net Income Continuous Operations
-33.28
+37.38%
-53.14
-45.99%
-36.40
-8.45%
-33.56
Net Income Discontinuous Operations
52.77
+376.75%
-19.07
—
—
Normalized Income
-19.56
+24.03%
-25.75
+29.04%
-36.29
-8.13%
-33.56
Net Income Common Stockholders
19.49
+126.99%
-72.21
-98.37%
-36.40
-8.45%
-33.56
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
—
-2.12
-87.61%
-1.13
-5.61%
-1.07
Basic EPS
—
-2.12
-87.61%
-1.13
-5.61%
-1.07
Basic Average Shares
—
34.08
+5.70%
32.24
+2.37%
31.49
Diluted Average Shares
—
34.08
+5.70%
32.24
+2.37%
31.49
Diluted NI Availto Com Stockholders
19.49
+126.99%
-72.21
-98.37%
-36.40
-8.45%
-33.56
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
190.07
+19.18%
159.48
-21.43%
202.98
-16.33%
242.59
Current Assets
144.56
+40.27%
103.06
-40.70%
173.79
-19.40%
215.63
Cash Cash Equivalents And Short Term Investments
112.97
+63.91%
68.92
-52.69%
145.68
-22.68%
188.42
Cash And Cash Equivalents
70.52
+62.65%
43.35
-64.18%
121.04
-35.76%
188.42
Other Short Term Investments
42.45
+66.04%
25.57
+3.76%
24.64
0.00
Receivables
11.33
+27.96%
8.85
-1.52%
8.99
-10.41%
10.03
Accounts Receivable
11.33
+27.96%
8.85
-1.52%
8.99
-10.41%
10.03
Gross Accounts Receivable
11.47
+22.38%
9.38
-0.09%
9.38
-6.70%
10.06
Allowance For Doubtful Accounts Receivable
-0.15
+71.95%
-0.52
-32.66%
-0.40
-1480.00%
-0.03
Inventory
12.99
+19.33%
10.89
-27.13%
14.94
+19.38%
12.51
Raw Materials
9.56
+29.79%
7.37
-34.78%
11.29
+35.37%
8.34
Work In Process
0.99
-27.08%
1.35
-21.08%
1.72
-36.92%
2.72
Finished Goods
2.44
+12.79%
2.17
+12.35%
1.93
+33.08%
1.45
Prepaid Assets
—
—
—
—
Assets Held For Sale Current
0.00
-100.00%
10.21
—
—
Other Current Assets
7.27
+73.80%
4.18
+0.07%
4.18
-10.24%
4.66
Total Non Current Assets
45.51
-19.33%
56.42
+93.28%
29.19
+8.27%
26.96
Net PPE
8.63
+58.71%
5.44
-43.22%
9.57
+36.03%
7.04
Gross PPE
13.04
+45.02%
8.99
-42.08%
15.52
+32.03%
11.76
Accumulated Depreciation
-4.41
-24.06%
-3.55
+40.26%
-5.95
-26.08%
-4.72
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
2.80
+241.93%
0.82
+42.51%
0.57
+51.05%
0.38
Construction In Progress
0.00
-100.00%
0.04
-22.64%
0.05
-93.00%
0.76
Other Properties
9.48
+23.82%
7.65
-47.21%
14.50
+36.82%
10.60
Leases
0.76
+59.96%
0.48
+20.76%
0.40
+1780.95%
0.02
Goodwill And Other Intangible Assets
36.41
-5.86%
38.68
+112.21%
18.23
-1.68%
18.54
Goodwill
—
0.00
-100.00%
10.37
+3.15%
10.05
Other Intangible Assets
36.41
-5.86%
38.68
+392.10%
7.86
-7.40%
8.49
Other Non Current Assets
0.47
-96.17%
12.30
+785.89%
1.39
+0.36%
1.38
Total Liabilities Net Minority Interest
46.37
+3.32%
44.88
+19.72%
37.49
-27.89%
51.99
Current Liabilities
34.06
+35.45%
25.15
+11.53%
22.55
+17.28%
19.23
Payables And Accrued Expenses
3.55
+3.74%
3.42
-12.56%
3.91
-26.71%
5.33
Payables
1.59
+15.94%
1.37
+14.86%
1.19
-14.75%
1.40
Accounts Payable
1.59
+15.94%
1.37
+14.86%
1.19
-14.75%
1.40
Current Accrued Expenses
1.96
-4.39%
2.05
-24.57%
2.72
-30.95%
3.94
Pensionand Other Post Retirement Benefit Plans Current
4.88
-5.19%
5.14
-14.18%
5.99
+22.10%
4.91
Current Debt And Capital Lease Obligation
0.68
-53.77%
1.47
-26.93%
2.02
+37.33%
1.47
Current Capital Lease Obligation
0.68
-53.77%
1.47
-26.93%
2.02
+37.33%
1.47
Current Deferred Liabilities
8.93
-14.24%
10.42
-1.99%
10.63
+41.46%
7.51
Current Deferred Revenue
8.93
-14.24%
10.42
-1.99%
10.63
+41.46%
7.51
Other Current Liabilities
16.02
+241.25%
4.70
—
1.24
Total Non Current Liabilities Net Minority Interest
12.31
-37.63%
19.73
+32.09%
14.94
-54.40%
32.76
Liabilities Heldfor Sale Non Current
0.00
-100.00%
4.64
—
—
Long Term Debt And Capital Lease Obligation
3.95
+51.81%
2.60
-33.83%
3.93
-78.22%
18.04
Long Term Debt
—
—
—
15.00
Long Term Capital Lease Obligation
3.95
+51.81%
2.60
-33.83%
3.93
+29.24%
3.04
Non Current Deferred Liabilities
8.33
-18.43%
10.21
-7.26%
11.01
-22.27%
14.17
Non Current Deferred Revenue
8.33
-18.43%
10.21
+19.16%
8.57
-25.44%
11.50
Non Current Deferred Taxes Liabilities
—
2.03
-16.84%
2.44
-8.61%
2.67
Other Non Current Liabilities
0.03
-98.69%
2.28
—
0.56
Stockholders Equity
143.70
+25.40%
114.59
-30.76%
165.49
-13.17%
190.60
Common Stock Equity
143.70
+25.40%
114.59
-30.76%
165.49
-13.17%
190.60
Capital Stock
0.04
+2.86%
0.04
+6.06%
0.03
+3.13%
0.03
Common Stock
0.04
+2.86%
0.04
+6.06%
0.03
+3.13%
0.03
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
36.32
+3.49%
35.10
+7.93%
32.52
+2.07%
31.86
Ordinary Shares Number
36.32
+3.49%
35.10
+7.93%
32.52
+2.07%
31.86
Additional Paid In Capital
366.93
+3.01%
356.22
+6.43%
334.69
+3.31%
323.97
Retained Earnings
-223.32
+8.03%
-242.81
-42.32%
-170.60
-27.12%
-134.20
Gains Losses Not Affecting Retained Earnings
0.05
-95.29%
1.15
-16.04%
1.36
+71.05%
0.80
Other Equity Adjustments
0.05
-95.29%
1.15
-16.04%
1.36
+71.05%
0.80
Total Equity Gross Minority Interest
143.70
+25.40%
114.59
-30.76%
165.49
-13.17%
190.60
Total Capitalization
143.70
+25.40%
114.59
-30.76%
165.49
-19.51%
205.60
Working Capital
110.50
+41.83%
77.91
-48.49%
151.24
-22.99%
196.40
Invested Capital
143.70
+25.40%
114.59
-30.76%
165.49
-19.51%
205.60
Total Debt
4.63
+13.63%
4.07
-31.49%
5.95
-69.53%
19.51
Capital Lease Obligations
4.63
+13.63%
4.07
-31.49%
5.95
+31.88%
4.51
Net Tangible Assets
107.29
+41.33%
75.91
-48.45%
147.26
-14.41%
172.06
Tangible Book Value
107.29
+41.33%
75.91
-48.45%
147.26
-14.41%
172.06
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-23.69
+21.68%
-30.25
-20.70%
-25.06
-19.73%
-20.93
Cash Flow From Continuing Operating Activities
-23.69
+21.68%
-30.25
-20.70%
-25.06
-19.73%
-20.93
Net Income From Continuing Operations
19.49
+126.99%
-72.21
-98.37%
-36.40
-8.45%
-33.56
Depreciation Amortization Depletion
4.46
-4.63%
4.68
+96.39%
2.38
+47.71%
1.61
Depreciation And Amortization
4.46
-4.63%
4.68
+96.39%
2.38
+47.71%
1.61
Other Non Cash Items
13.74
+203.97%
-13.22
-4520.07%
0.30
+43.75%
0.21
Stock Based Compensation
9.85
-16.31%
11.76
+20.19%
9.79
+35.80%
7.21
Provisionand Write Offof Assets
0.51
-38.12%
0.83
-20.97%
1.05
+178.99%
0.38
Asset Impairment Charge
0.00
-100.00%
40.66
0.00
—
Deferred Tax
0.00
+100.00%
-0.28
+7.21%
-0.30
-136.43%
-0.13
Deferred Income Tax
0.00
+100.00%
-0.28
+7.21%
-0.30
-136.43%
-0.13
Operating Gains Losses
-55.81
-103446.30%
0.05
—
—
Gain Loss On Sale Of PPE
0.13
+146.30%
0.05
0.00
—
Change In Working Capital
-15.30
-501.77%
-2.54
-61.60%
-1.57
-146.86%
3.36
Change In Receivables
0.22
+107.52%
-2.93
-530.44%
0.68
-88.53%
5.93
Changes In Account Receivables
0.22
+107.52%
-2.93
-530.44%
0.68
-88.53%
5.93
Change In Inventory
-3.73
-124.22%
-1.66
+57.36%
-3.90
+28.73%
-5.47
Change In Prepaid Assets
-2.95
-562.92%
-0.45
+13.26%
-0.51
-160.78%
0.84
Change In Payables And Accrued Expense
-5.93
-355.76%
2.32
+14.07%
2.03
+349.78%
0.45
Change In Other Working Capital
-3.18
-763.32%
-0.37
-305.59%
0.18
-90.54%
1.89
Change In Other Current Assets
1.93
-25.79%
2.61
+69.99%
1.53
+35.30%
1.13
Change In Other Current Liabilities
-1.66
+19.44%
-2.06
-30.32%
-1.58
-11.56%
-1.42
Investing Cash Flow
50.75
+209.56%
-46.32
-75.46%
-26.40
-67.01%
-15.81
Cash Flow From Continuing Investing Activities
50.75
+209.56%
-46.32
-75.46%
-26.40
-67.01%
-15.81
Net PPE Purchase And Sale
-0.95
-58.64%
-0.60
+70.56%
-2.04
+0.00%
-2.04
Purchase Of PPE
-0.95
-58.64%
-0.60
+70.56%
-2.04
+0.00%
-2.04
Capital Expenditure
-0.95
-58.64%
-0.60
+70.56%
-2.04
+0.00%
-2.04
Net Investment Purchase And Sale
-16.21
-1631.52%
-0.94
+96.16%
-24.36
0.00
Purchase Of Investment
-64.00
-15.32%
-55.50
-13.56%
-48.87
0.00
Sale Of Investment
47.80
-12.40%
54.56
+122.54%
24.52
0.00
Net Business Purchase And Sale
67.91
+251.64%
-44.78
0.00
+100.00%
-13.76
Purchase Of Business
-2.00
+95.53%
-44.78
0.00
+100.00%
-13.76
Gain Loss On Sale Of Business
-55.94
0.00
—
—
Financing Cash Flow
-0.70
-85.37%
-0.38
+97.64%
-15.94
-1451.57%
1.18
Cash Flow From Continuing Financing Activities
-0.70
-85.37%
-0.38
+97.64%
-15.94
-1451.57%
1.18
Net Issuance Payments Of Debt
—
0.00
+100.00%
-15.00
0.00
Issuance Of Debt
—
—
0.00
-100.00%
60.00
Repayment Of Debt
—
0.00
+100.00%
-15.00
+75.00%
-60.00
Long Term Debt Issuance
—
—
0.00
-100.00%
60.00
Long Term Debt Payments
—
0.00
+100.00%
-15.00
+75.00%
-60.00
Net Long Term Debt Issuance
—
0.00
+100.00%
-15.00
0.00
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
0.86
-24.61%
1.15
+22.44%
0.94
-39.73%
1.55
Proceeds From Stock Option Exercised
—
—
—
—
Net Other Financing Charges
-1.56
-2.56%
-1.52
+18.65%
-1.87
-400.27%
-0.37
Changes In Cash
26.36
+134.26%
-76.94
-14.17%
-67.39
-89.53%
-35.56
Effect Of Exchange Rate Changes
0.03
+141.54%
-0.07
-600.00%
0.01
-27.78%
0.02
Beginning Cash Position
44.20
-63.53%
121.21
-35.73%
188.59
-15.86%
224.13
End Cash Position
70.59
+59.70%
44.20
-63.53%
121.21
-35.73%
188.59
Free Cash Flow
-24.64
+20.12%
-30.85
-13.82%
-27.10
-17.97%
-22.98
Interest Paid Supplemental Data
—
0.18
0.00
-100.00%
0.14
Income Tax Paid Supplemental Data
—
0.18
—
—
Amortization Of Securities
-0.64
-5000.00%
0.01
+104.32%
-0.30
0.00
Common Stock Issuance
0.86
-24.61%
1.15
+22.44%
0.94
-39.73%
1.55
Issuance Of Capital Stock
0.86
-24.61%
1.15
+22.44%
0.94
-39.73%
1.55
Sale Of Business
69.91
0.00
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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