908 Devices rises after $2 million order from Texas Department of Public Safety

Shares of chemical detector maker 908 Devices MASS.O up 4.2% at $5 premarket

MASS says it has received a $2 million order from the Texas Department of Public Safety for its MX908 device for drug detection and mitigation

Multiple handheld MX908 devices will be deployed to detect, identify and mitigate illicit drugs like fentanyl, protecting communities amid the opioid crisis

MX908 device detects and identifies hazardous substances, including chemicals, explosives and aerosolized threats, at trace levels

Company says the order will be shipped in April

With this order, MASS can achieve 25% of the midpoint of their guidance, positioning them well for the typically strong H2 2025 - Brokerage Leerink Partners

Brokerage adds "This order gives us added confidence in MASS' ability to progress towards their guide after co has had to lower guidance in prior years"

As of last close, MASS had risen 118.2% YTD