Sam Martin's questions to 908 Devices Inc (MASS) leadership • Q3 2024
Question
Sam Martin, on for Matt Larew, inquired about the potential impact of a new political administration on handheld spending priorities and whether it could also affect the desktop business. He also asked how the prolonged CapEx weakness in life sciences is influencing long-term investment priorities for the desktop product portfolio.
Answer
Executive Kevin Knopp suggested a new administration could potentially be a positive by accelerating government budget approvals, reducing the contracting delays seen this year. He noted that defense spending has historically shown consistent growth regardless of the administration. For desktops, he sees no direct correlation with election outcomes as demand is driven by large pharma. Knopp stated that investment priorities for the desktop portfolio remain unchanged, focusing on driving adoption for the recently launched MAVEN and MAVERICK products through customer evaluations for process development and GMP applications.