Stock Analysis

Modulight Oyj Second Quarter 2024 Earnings: Revenues Miss Expectations

HLSE:MODU
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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).
earnings-and-revenue-growth
HLSE:MODU Earnings and Revenue Growth August 19th 2024

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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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.