Brief: Modelon Q2 ARR SEK 45.9 Mln
BRIEF-Modelon Q2 ARR SEK 45.9 Mln July 21 (Reuters) - Modelon AB (publ) MODEL.ST:
Q2 ARR AMOUNTED TO MSEK 45.9, DOWN 14% YEAR-ON-YEAR
Q2 NET REVENUE AMOUNTED TO MSEK 16.6; SOFTWARE REVENUE MSEK 12.1
Q2 ADJUSTED EBIT AMOUNTED TO MSEK -4.4
OUTLOOK: EXPECT ARR GROWTH IN SECOND HALF OF YEAR
EXPECT FURTHER PROFITABILITY, CASH FLOW IMPROVEMENTS THROUGH GROWTH OF RECURRING SOFTWARE REVENUES, LEADING TO POSITIVE CASH FLOW FROM Q1 2028
Source text: ID:nMFNFFlCC
Further company coverage: MODEL.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))