Modulight Oyj Second Quarter 2024 Earnings: Revenues Miss Expectations

Modulight Oyj (HEL:MODU) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.89m (down 18% from 2Q 2023).
• Net loss: €1.95m (loss narrowed by 6.9% from 2Q 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 26%.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Medical Equipment industry in Finland.

Performance of the Finnish Medical Equipment industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Modulight Oyj (at least 1 which is concerning), and understanding them should be part of your investment process.

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