908 Devices Inc

For the period ended Dec 31, 2023. Filed Mar 8, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 8, 2024

MASS$11.51+9.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

(in thousands, except share and per share amounts)


· · December 31, · · December 31,
· 2023 · 2022
Assets · · ·
Current assets: · · ·
Cash and cash equivalents	$121,041	$188,422
Marketable securities	24,641	—
Accounts receivable, net of allowance for credit losses of $395 and $25 at December 31, 2023 and December 31, 2022	8,989	10,033
Inventory	14,938	12,513
Prepaid expenses and other current assets	4,181	4,658
Total current assets	173,790	215,626
Operating lease, right-of-use assets	6,233	3,956
Property and equipment, net	3,342	3,083
Goodwill	10,367	10,050
Intangible assets, net	7,860	8,488
Other long-term assets	1,389	1,384
Total assets	$202,981	$242,587
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$1,191	$1,397
Accrued expenses	8,713	8,847
Deferred revenue	10,629	7,514
Operating lease liabilities	2,016	1,468
Total current liabilities	22,549	19,226
Long-term debt	—	15,000
Operating lease liabilities, net of current portion	3,929	3,040
Deferred revenue, net of current portion	8,571	11,496
Deferred income taxes	2,441	2,671
Other long-term liabilities	—	555
Total liabilities	37,490	51,988
Commitments and contingencies (Note 15)
Stockholders' equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued or outstanding at December 31, 2023 and December 31, 2022, respectively	—	—
Common stock, $0.001 par value; 100,000,000 shares authorized; 32,519,023 shares and 31,859,847 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	33	32
Additional paid-in capital	334,692	323,969
Accumulated other comprehensive income	1,365	798
Accumulated deficit	(170,599)	(134,200)
Total stockholders' equity	165,491	190,599
Total liabilities and stockholders' equity	$202,981	$242,587

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.