908 Devices Inc. 1Q 2026: Revenue $13.38M, EPS ($0.32) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.908 Devices Inc. reported a revenue of $13.38M for Q1 2026, a 13.6% increase from the previous year. However, the net loss widened to $11.96M, or $0.32 per share, compared to a net income of $43.6M, or $1.23 per share, in the prior year. Product revenue grew 26% year-over-year, and gross margin improved to 52%. The company has placed 3,903 handheld units cumulatively, with 167 units in Q1 2026. The transition of the Desktop Portfolio to discontinued operations was completed, contributing to improved margins.
908 Devices Inc. reported first-quarter 2026 results with revenue rising to $13.38M while net loss widened to ($11.96M), or ($0.32) per share, compared with a prior-year net income of $43.6M, or $1.23 per share.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $13.38M | $11.78M | 13.6% |
| Net income² | ($11.96M) | $43.6M | (127.4%) |
| Diluted EPS³ | ($0.32) | $1.23 | (126%) |
¹ Reported as “Total revenue”. ² Reported as “Net income (loss) attributable to common stockholders”. ³ Reported as “Net income (loss) per share attributable to common stockholders, basic and diluted”.
Business Highlights
- Product revenue grew 26% year-over-year to $10.7M, driving the increase in total revenue to $13.4M for the quarter.
- Shift in channel and mix toward higher-margin domestic federal, state and local device sales and fewer lower-margin international sales helped expand product gross margin to 52%, up about seven percentage points.
- Cumulative handheld placements reached 3,903 units, with 167 units placed in 1Q 2026, supporting recurring revenue expansion.
- Completed sale of the Desktop Portfolio in Q1 2025 and moved those operations to discontinued operations; transition services largely ended by June 30, 2025.
- Lower facility costs following the Boston shutdown contributed to improved margins.
Original SEC Filing: 908 Devices Inc. [ MASS ] - 10-Q - May. 06, 2026