Brief: Modulight Says Q3 Revenue Developed Weakly

Modulight Oyj

20/10/2023 12:54

Oct 20 (Reuters) - Modulight Oyj  MODUL.HE :
    * PRODUCT DEVELOPMENT PROJECTS PROGRESSED, REVENUE DEVELOPED
WEAKLY
    * RESEARCH AND DEVELOPMENT PIPELINE STAYED ON A RECORD LEVEL
    * Q3 WEAK REVENUE DEVELOPMENT WAS DUE TO DELAYS IN SOME
PROJECTS
    * HAS NOT ISSUED GUIDANCE FOR REVENUE OR PROFITABILITY IN
2023
    * IT IS DIFFICULT TO FORECAST PERFORMANCE IN 2023
    * SEES THAT MACROECONOMIC, GEOPOLITICAL UNCERTAINTY TO STILL
IMPACT FINANCIAL PERFORMANCE IN SHORT TERM

Source text for Eikon:  ID:nMFN5nknjS 
Further company coverage:  MODUL.HE 

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