Finland's Modulight Q3 revenue rises, order intake jumps

Modulight Oyj

Today 08:39

Overview
Finland life science laser device maker's Q3 revenue grew 7% yr/yr to EUR 1.9 mln
EBITDA rose sharply to EUR 1.0 mln, with margin at 53.2%
Order intake surged 154% yr/yr, driven by increased product sales

Outlook
Modulight maintains 2026 outlook for increased revenue and profitability versus prior year
Company says macroeconomic and geopolitical uncertainty continues to impact market development and revenue
Modulight expects quarterly fluctuations to continue but sees improved long-term growth visibility

Result Drivers
PPT BUSINESS MODEL - Co said triple-digit growth in Pay Per Treatment sales and pricing changes supported improved profitability
PRODUCT SALES MIX - Larger share of orders in Q3 came from product sales rather than product development projects or NRE work
OPERATIONAL EFFICIENCY - Co attributed improved profitability to increased operational efficiency and an improved cost structure

Company press release: ID:nMFN9rsvv7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 1.89 mln
 
Q3 Loss Per Share
 
EUR 0.01
 
Q3 Net Loss
 
EUR 395,000
 
Q3 EBIT
 
-EUR 393,000
 
Q3 EBITDA
 
EUR 1.003 mln
 
Q3 Free Cash Flow From Operating Activities
 
EUR 241,000
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "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 26.3% above its October 22 closing price of €0.95

Reuters Recommended Reads
Oct 23 - Finland's Kemira Q3 revenue rises on acquisitions
Oct 22 - Finland's Olvi Q3 sales and profit miss estimates on soft demand
Oct 22 - Sweden's Sedana Medical Q3 sales rise as growth returns

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.)