Handheld analyzer maker 908 Devices Inc's Q3 revenue beats estimates
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908 Devices Inc reported Q3 revenue of $14 million, exceeding analyst expectations of $13.60 million despite a 4% year-over-year decline. The adjusted EBITDA loss improved by 53% quarter-over-quarter, but the net loss of $15 million missed estimates. The company forecasts full-year 2025 revenue between $54 million and $56 million, with potential impacts from a U.S. Government shutdown. Analyst ratings are strong, with a median 12-month price target of $10.00, reflecting a 26.2% upside from the recent closing price of $7.38.
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