Modulight Oyj Full Year 2022 Earnings: Revenues Miss Expectations

Simply Wall St

March 17, 2023

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).

earnings-and-revenue-growth — HLSE:MODU Earnings and Revenue Growth March 17th 2023

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.