HIGHBuilt-inProduct / Revenue mix
handheld products
“10-K Item 1A: 'In 2025, substantially all of our revenue was derived from sales of our handheld products.'”
MASS · Concentration risk · 10-K extracted
908 Devices (MASS) concentration risks
Updated
The most significant concentration 908 Devices discloses is handheld products, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: 908 Devices’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single source suppliers and subassembly manufacturers
“10-K Item 1A: 'service interruptions with any of our single source suppliers or subassembly manufacturers'”
MEDIUMOutside partyCustomer
U.S. government agencies
“10-K Item 1A: 'our dependence on a limited number of large orders from U.S. government agencies for a substantial portion of our revenue'”
MEDIUMOutside partyCustomer
channel partners
“10-K Item 1A: 'our channel partners accounted for a significant portion of our total revenue'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-30908 Devices' revenue base is narrowly concentrated: substantially all of its revenue was derived from sales of its handheld products in 2025, a high-share structural exposure that leaves little diversification if demand for that single product line softens. On the supply side, the company also discloses dependence on single source suppliers and subassembly manufacturers, a high-share dependency exposure — any service interruption there could directly constrain the same narrow product base. Two additional medium-share dependency exposures compound the picture on the demand side: a limited number of large orders from U.S. government agencies account for a substantial portion of revenue, and channel partners account for a significant portion of total revenue. None of these exposures carries a disclosed percentage, but their combination is notable — a single-product company reliant on a concentrated supply chain, sizeable government orders, and third-party channel partners has several points where an idiosyncratic disruption could compound rather than diversify away. This is a business whose risk profile leans dependency-driven rather than macro-structural.
For the engine’s reasoning on MASS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Medical Devices
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AORT | Artivion, Inc. | 4 | 4 | 0 | 8 |
| MASS● | 908 Devices Inc. | 2 | 2 | 0 | 4 |
| ATEC | Alphatec Holdings, Inc. | 1 | 1 | 0 | 2 |
| ABT | Abbott Laboratories | 1 | 0 | 0 | 1 |
| AVR | Anteris Technologies Global Cor | 1 | 0 | 0 | 1 |
| AHCO | AdaptHealth Corp. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.