Finland's Modulight Q1 loss narrows on operational efficiency

Modulight Oyj

24/04/2026 08:43

Overview

Finland laser device maker's Q1 revenue fell 7% yr/yr, but profitability improved

Company posted positive EBITDA and narrower operating loss compared to last year

PPT business and operational efficiency supported margin gains; 2026 guidance sees revenue, EBITDA growth

Outlook

Modulight expects 2026 revenue and EBITDA to increase compared to 2025

Company says quarterly fluctuations likely to continue due to project pipeline and approval processes

Company cites macroeconomic and geopolitical uncertainty as factors impacting market development and revenue

Result Drivers

PPT BUSINESS GROWTH - Modulight said Pay-Per-Treatment invoicing grew over 100% yr/yr, supporting revenue and margin development

OPERATIONAL EFFICIENCY - Co said improved operational efficiency and a solid cost structure contributed to higher profitability despite lower revenue

PRODUCT PROFITABILITY FOCUS - Continued emphasis on product profitability and scalable platform helped improve gross margins and earnings

Company press release: ID:nMFN3NnlGz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 1.50 mln
Q1 EPS
-EUR 0.02
Q1 Net Income
-EUR 958,000
Q1 EBIT
-EUR 1.06 mln
Q1 EBITDA
EUR 330,000
Q1 Free Cash Flow From Operating Activities
-EUR 661,000


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 3.4% above its April 23 closing price of €1.16

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.)