908 Devices Inc. (NASDAQ:MASS) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Kelly Gura - Investor Relations

Kevin Knopp - Chief Executive Officer & Co-Founder

Joe Griffith - Chief Financial Officer

Conference Call Participants

Dan Arias - Stifel

Max Masucci - Cowen

Operator

Hello, thank you for standing by. And welcome to the 908 Devices' Second Quarter 2022 Financial Results Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] Please be advised that today's conference may be recorded. I would now like to hand the conference over to your speaker today. Kelly Gura, Investor Relations. Please go ahead.

Kelly Gura

Thank you. This morning 908 Devices released financial results for the second quarter ended June 30, 2022. If you've not received this news release or if you'd like to be added to the company's distribution list, please send an email to ir@908devices.com. Joining me today from 908 is Kevin Knopp, Chief Executive Officer and Co-Founder; and Joe Griffith, Chief Financial Officer.

Before we begin, I'd like to remind you that management will make statements during this call that are forward-looking statements within the meaning of federal securities laws. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated. Additional information regarding these risks and uncertainties appears in the section entitled forward-looking statements in the press release 908 Devices issued today. For a more complete list and description, please see the Risk Factors section of the company's annual report on Form 10-K for the year ended December 31, 2021, and in its other filings with the Securities and Exchange Commission. Except as required by law, 908 Devices disclaims any intention or obligation to update or revise any financial projections or forward-looking statements, whether because of new information, future events or otherwise. This conference call contains time-sensitive information and is accurate only as of the live broadcast, August 9, 2022.

With that, I would like to turn the call over to Kevin.

Kevin Knopp

Thanks, Kelly. Good morning, and thank you for joining our second quarter 2022 earnings call. Since we last updated you in early May, the 908 Devices team has continued to make great progress across our business. To start, our second quarter revenue increased 34% over the prior year period to $11.1 million. We placed 124 devices, bringing our installed base to more than 2,100 handheld and desktop devices. I'm really pleased with our team's effort to deliver on our commitments to customers in the face of ongoing macroeconomic and supply chain challenges.