Finland's Modulight posts Q2 core profit, partly on better margins

Modulight Oyj

21/08/2026 08:47

Overview
Finland laser device maker's Q2 revenue fell 18% yr/yr, EBITDA turned positive
Company attributed revenue decline to increased prototype deliveries to large customers
2026 outlook unchanged; company expects revenue and profitability to rise vs prior yr

Outlook
Modulight maintains 2026 outlook for revenue and profitability to increase versus previous year
Company says macroeconomic and geopolitical uncertainty continue to impact market development and revenue
Modulight expects quarterly fluctuations to continue but aims for positive cash flow by end of 2026–2027 strategy period

Result Drivers
PROTOTYPE DELIVERIES - Revenue decline was due to a growing number of early-stage prototypes delivered to large customers, often at mass-production prices
MARGIN IMPROVEMENT - Profitability improved due to better margin structure on certain products and increased operational efficiency
PPT BUSINESS GROWTH - Pay-Per-Treatment business continued triple-digit growth and revised pricing structure supported profitability

Company press release: ID:nMFN8dzcmH

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 1.60 mln
 
Q2 Loss Per Share
 
EUR 0.03
 
Q2 Net Loss
 
EUR 1.37 mln
 
Q2 EBIT
 
-EUR 1.35 mln
 
Q2 EBITDA
 
EUR 37,000
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy."
Wall Street's median 12-month price target for Modulight Oyj is €1.20, about 7.1% above its August 20 closing price of €1.12

Reuters Recommended Reads
Aug 20 - Finland's Nanoform Q2 EBITDA loss narrows on layoffs, cost cuts
Aug 18 - Iridex Q2 revenue falls as retina sales decline
Aug 19 - Accuray Q4 revenue falls as tariff concerns, geopolitical tensions weigh on demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)