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The Federal Reserve raised interest rates by 0.25 percent this month. This move reverses some of the cuts made earlier this year as the central bank tries to keep inflation under control. For a growth-stage company like 908 Devices, higher rates can be a challenge because they make it more expensive to borrow money and often make investors less willing to pay high prices for future growth. The company currently has a large cash pile of about 101 million dollars, which helps protect it from needing to borrow right away, but the broader shift toward higher rates remains something to watch.
Management is scheduled to present at the Gabelli Aerospace and Defense Symposium on September 10. These events are routine opportunities for the company to explain its technology and growth plans to professional investors. While the presentation itself rarely contains new financial data, it is a chance for the company to highlight its focus on portable tools for first responders and defense agencies.
Source: Business Wire
Management has missed its own targets in five of the last eight quarters. This pattern suggests the business is difficult to forecast as it relies on lumpy government orders.
| Expectation | |
|---|---|
| EPS | $-0.16 |
| Revenue | $18M |
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