908 Devices Inc
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
MASS$9.99-13.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| · 2024 · 2023 | ||||||
| Cash flows from operating activities: · · · · | ||||||
| Net loss | | $(10,917) | | $(12,532) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | ||
| Depreciation and amortization expense | | 1,328 | | 634 | ||
| Stock-based compensation expense | | 2,643 | | 2,166 | ||
| Noncash interest expense and loss on extinguishment of debt | | — | | 523 | ||
| Provision for inventory obsolescence | | 151 | | — | ||
| Net amortization of premiums and accretion of discounts on marketable securities | | | (92) | | | — |
| Loss on sale of property and equipment | | | 28 | | | — |
| Provision for credit losses | | | 25 | | | — |
| Change in fair value of contingent consideration | | | — | | | 166 |
| Deferred income tax | | | (70) | | | (50) |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable, net | | 1,460 | | 1,873 | ||
| Inventory | | (1,675) | | (990) | ||
| Prepaid expenses and other current assets | | 343 | | (1,492) | ||
| Other long-term assets | | 42 | | 7 | ||
| Accounts payable and accrued expenses | | (1,771) | | (339) | ||
| Deferred revenue | | (841) | | (123) | ||
| Right-of-use operating lease assets | | 470 | | 299 | ||
| Operating lease liabilities | | (481) | | (353) | ||
| Other long-term liabilities | | — | | | (436) | |
| Net cash used in operating activities | | (9,357) | | (10,647) | ||
| Cash flows from investing activities: | | | | | ||
| Purchases of property and equipment | | (903) | | (1,185) | ||
| Purchases of marketable securities | | | (14,617) | | | — |
| Proceeds from sales and maturities of marketable securities | | | 9,740 | | | — |
| Net cash used in investing activities | | (5,780) | | (1,185) | ||
| Cash flows from financing activities: | | | | | ||
| Payments for withholding taxes on vested awards | | | (939) | | | (469) |
| Proceeds from issuance of common stock | | | 61 | | | 88 |
| Repayment on revolving line of credit | | | — | | | (15,000) |
| Payments for contingent consideration | | | (417) | | | — |
| Net cash used in financing activities | | (1,295) | | (15,381) | ||
| Effect of foreign exchange rate changes on cash and cash equivalents | | | (10) | | | 5 |
| Net decrease in cash, cash equivalents and restricted cash | | (16,442) | | (27,208) | ||
| Cash, cash equivalents and restricted cash at beginning of period | | 121,212 | | 188,593 | ||
| Cash, cash equivalents and restricted cash at end of period | | $104,770 | | $161,385 | ||
| Supplemental disclosure of noncash investing and financing information: | | | | | ||
| Property and equipment included in account payable | | $— | | $35 | ||
| Transfers of inventory to property and equipment | | $91 | | $133 | ||
| Reconciliation of cash, cash equivalents and restricted cash: | | | | | | |
| Cash and cash equivalents | | $104,599 | | $161,214 | ||
| Restricted cash included in prepaid expenses and other current assets | | | — | | 60 | |
| Restricted cash included in other long-term assets | | | 171 | | | 111 |
| Total cash, cash equivalents and restricted cash shown in the statement of cash flows | | $104,770 | | $161,385 | ||
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