New Risk • Jul 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr21m Forecast net loss in 2 years: kr981k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr36m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr981k net loss in 2 years). Market cap is less than US$100m (kr185.9m market cap, or US$19.2m). Reported Earnings • Jul 21
Second quarter 2026 earnings released: kr0.24 loss per share (vs kr0.85 loss in 2Q 2025) Second quarter 2026 results: kr0.24 loss per share (improved from kr0.85 loss in 2Q 2025). Revenue: kr16.6m (down 10% from 2Q 2025). Net loss: kr4.30m (loss narrowed 71% from 2Q 2025). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Software industry in Sweden. Announcement • Jun 24
Modelon Expands AI Assistant in Modelon Impact with Agentic Simulation Capabilities Modelon announced new agentic simulation capabilities for its artificial intelligence (AI) assistant in Modelon Impact, its flagship platform for system simulation. These enhancements extend the role of AI from guidance and troubleshooting to more active participation in simulation workflows, helping engineering teams run system experiments and analyses, and moving faster from questions to insights. The AI Assistant is available on Modelon Impact in the cloud, with frequent updates and improvements delivered directly to all users. The latest release includes model-aware responses, parameter and variable discovery, workspace-aware dependency support, clearer progress feedback, and the ability to respond in the user’s language. With the expanded AI Assistant, many of these tasks can be initiated or accelerated through conversational interaction. The Modelon Impact platform is built on a modular and context-aware AI architecture, designed to support deeper interaction with engineering models and workflows. The Model Context Protocols (MCP) is used for accessing and interacting with contextual data, supporting a secure, scalable, and interoperable AI experience. The MCP-based architecture also unlocks new business models as agentic AI capabilities continue to evolve. The AI Assistant will continue to evolve, drawing on Modelon’s commitment to open standards such as Modelica, FMI, and MCP. Customers can build their own models, incorporate their domain knowledge, and maintain control of their intellectual property while using AI to work more efficiently across complex engineering challenges. 
