Modulight Oyj (HEL:MODU) Third Quarter 2024 Results
Key Financial Results
- Revenue: €1.30m (down 1.1% from 3Q 2023).
- Net loss: €1.97m (loss narrowed by 51% from 3Q 2023).
- €0.046 loss per share (improved from €0.095 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Modulight Oyj Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 39% 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 4.5% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Modulight Oyj you should be aware of, and 1 of them is a bit concerning.
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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.
About HLSE:MODU
Modulight Oyj
Designs, manufactures, and markets lasers products for medical and other diagnostic applications.
Adequate balance sheet low.
