Modulight Oyj Full Year 2022 Earnings: Revenues Miss Expectations

Modulight Oyj (HEL:MODU) Full Year 2022 Results

Key Financial Results

• Revenue: €8.68m (down 19% from FY 2021).
• Net loss: €8.55m (loss widened by 69% from FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Modulight Oyj Revenues Disappoint

Revenue missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Medical Equipment industry in Europe.

Performance of the market in Finland.

The company's shares are down 6.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Modulight Oyj (1 is concerning) you should be aware of.

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