908 Devices Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 exhibitsContents
Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · September 30, · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| Assets · · · | ||||||
| Current assets: · · · | ||||||
| Cash and cash equivalents | | $45,025 | | $121,041 | ||
| Marketable securities | | | 26,661 | | | 24,641 |
| Accounts receivable, net of allowance for credit losses of $585 and $395 at September 30, 2024 and December 31, 2023 | | 16,659 | | 8,989 | ||
| Inventory | | 17,833 | | 14,938 | ||
| Prepaid expenses and other current assets | | 2,749 | | 4,181 | ||
| Total current assets | | 108,927 | | 173,790 | ||
| Operating lease, right-of-use assets | | 7,484 | | 6,233 | ||
| Property and equipment, net | | 3,666 | | 3,342 | ||
| Goodwill | | | 10,137 | | | 10,367 |
| Intangible assets, net | | | 46,683 | | | 7,860 |
| Other long-term assets | | 1,386 | | 1,389 | ||
| Total assets | | $178,283 | | $202,981 | ||
| Liabilities and Stockholders' Equity | | | | | ||
| Current liabilities: | | | | | ||
| Accounts payable | | $1,895 | | $1,191 | ||
| Accrued expenses | | 7,667 | | 8,713 | ||
| Deferred revenue | | 13,859 | | 10,629 | ||
| Operating lease liabilities | | 2,297 | | 2,016 | ||
| Total current liabilities | | 25,718 | | 22,549 | ||
| Operating lease liabilities, net of current portion | | 4,882 | | 3,929 | ||
| Deferred revenue, net of current portion | | 11,027 | | 8,571 | ||
| Deferred income taxes | | 2,258 | | 2,441 | ||
| Contingent consideration | | 3,359 | | — | ||
| Total liabilities | | 47,244 | | 37,490 | ||
| Commitments and contingencies (Note 12) | | | | | ||
| Stockholders' equity: | | | | | ||
| Preferred stock, $0.001 par value; 5,000,000 shares authorized, no shares issued or outstanding at September 30, 2024 and December 31, 2023, respectively | | | — | | | — |
| Common stock, $0.001 par value; 100,000,000 shares authorized; 34,712,488 shares and 32,519,023 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | | 35 | | 33 | ||
| Additional paid-in capital | | 352,795 | | 334,692 | ||
| Accumulated other comprehensive income | | | 1,568 | | | 1,365 |
| Accumulated deficit | | (223,359) | | (170,599) | ||
| Total stockholders' equity | | 131,039 | | 165,491 | ||
| Total liabilities and stockholders' equity | | $178,283 | | $202,981 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.