908 Devices Inc logo

908 Devices Inc(MASS)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
2-STAR RATING
WEAK BUY
BUY for 57 days
PROFIT SINCE LAST BUY
+12.28% ▲
LAST CLOSE
$11.25
10/30/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for MASS

10/30/2026: MASS (2-star) has a low Upturn Star Rating. Not recommended to BUY.

908 Devices is a life science and analytical technology company known for miniaturizing complex mass spectrometry devices for use in field-safety and bioprocessing environments. Its core strengths include a unique, defendable technology platform and a growing presence in biopharmaceutical manufacturing. The company's primary growth opportunity centers on the wider adoption of its desktop analyzers as integral tools for real-time bioprocessing. However, investors face risks from high cash burn, customer concentration in government sectors, and intense competition from large, well-capitalized incumbents. The stock is best suited for growth-oriented investors who can tolerate volatility and are monitoring the company's progress toward achieving sustained operational profitability.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company operates in high-growth niches of the life science and field-safety tools market.
Momentum investorMixed fitPerformance is highly conditional on product adoption rates and market cycles.
Value investorWeak fitThe company is not currently focused on earnings-based valuation metrics.
Dividend investorWeak fitThe company does not pay dividends and prioritizes capital reinvestment.
Low-risk investorWeak fitThe stock carries significant operational and execution risks common to growth-stage technology firms.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighAs a smaller growth company, the stock price is susceptible to sharp fluctuations based on sector sentiment.
Valuation riskMedium / highHigh valuations are often attached to growth prospects that may take time to materialize.
Competition risk (Large cap conglomerates)HighIncumbent players have more resources to bundle products and defend their market share.
Business qualityMediumThe company has a strong niche technology but is still maturing in terms of scale and profitability.
Dividend incomeLow / noneThe company does not generate income for shareholders.
Execution riskMedium / highSuccessfully scaling commercial operations remains a key challenge for management.

Price Behavior

Hockey-Stick Growth
PRICE PATH

Hockey-Stick Growth

The stock demonstrates a Hockey-Stick Growth price path pattern.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 3.45%
Avg. Invested days 26
Today’s Advisory WEAK BUY
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/30/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MASS receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MASS has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+49.3%) is partially offset by weak cash generation (FCF margin -43.9%), negative revenue growth (-5.8%), weak profitability (net margin -65.2%).

Financial Health Rating

★★★★★
MASS's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 58.1%). Operating efficiency is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is MASS's strongest growth driver at +49.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+20.1%, solid) is also solid, while revenue growth (-5.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 84.6% and approximately 67.9% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 7.45% supports management-shareholder alignment.

Top 5 Institutional Investors

First Light Asset Management, LLC 15.20%
Awm Investment Company Inc 11.81%
ARK Investment Management LLC 4.91%
BlackRock Inc 4.70%
Arnhold & S. Bleichroeder Advisers, LLC 4.50%

Unit Economics (Per $1K Revenue)

★★★★★
MASS generates approximately $477 of gross profit, $-430 of operating income, and $-439 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.20%

Quantitative Style Profile

★★★★★
MASS has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 465.00M USD
Price to earnings Ratio -
1Y Target Price 13.38
Price to earnings Ratio -
1Y Target Price 13.38
Volume (30-day avg) 370.1K shares
Beta 0.62
52 Weeks Range 5.03 - 13.35
Updated Date 11/01/2026
52 Weeks Range 5.03 - 13.35
Updated Date 11/01/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.94

How Company Makes Money

Business areaWhat it includesRetail investor read
Handheld DevicesMX908 sales and associated service contracts for first responders.The company earns revenue from tactical equipment sales to government agencies.
Desktop DevicesREBEL analyzers and recurring revenue from consumables used in bioprocessing.Long-term growth is tied to the recurring use of the company's devices in drug development.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE -
Forward PE -
Enterprise Value 367.77M
Price to Sales(TTM) 7.64
Enterprise Value 367.77M
Price to Sales(TTM) 7.64
Enterprise Value to Revenue 6.04
Enterprise Value to EBITDA -3.15
Shares Outstanding 41.33M
Shares Floating 28.07M
Shares Outstanding 41.33M
Shares Floating 28.07M
Percent Insiders 7.45
Percent Institutions 84.55

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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