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Modulight: Laser company being calibrated towards growth

MODUExtensive research21.03.2023 klo 18.08
Antti SiltanenAnalyst
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Modulight is a technology company focused on the design and manufacture of lasers and optics with a strategic focus on medical and biomedical applications. Modulight's growth story was interrupted after the 2021 IPO and the company is now looking to get back on track for profitable growth with a renewed strategy. We expect the company to deliver strong growth, although the visibility of the forecast is weak. Our valuation that relies on sales-based ratios and cash flows suggests the stock being moderately overvalued.

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Modulight operates in the technology industry. The company designs, markets, and produces biomedical laser products used in oncology, genetics, and ophthalmology. The customers primarily consist of hospitals and corporate customers operating in medical technology. In addition to the main business, various value-added services are also offered. Their main market is the US.

Read more on company page

Key Estimate Figures20.03.2023

202223e24e
Revenue4.69.512.8
growth-%-49.3 %107.4 %34.0 %
EBIT (adj.)-7.8-3.9-2.6
EBIT-% (adj.)-169.5 %-40.4 %-20.4 %
EPS (adj.)-0.20-0.09-0.06
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.286.8

Forum discussions

The Molecular Imaging Branch (MIB) of the National Cancer Institute’s (NCI) Center for Cancer Research (CCR) at the NIH is purchasing a Modulight...
7/12/2026, 11:31 AM
by Jopinaattori
7
I see Modulight at a turning point where the investments have been made, and now it’s just down to commercial success. The market should be ...
7/2/2026, 11:11 AM
by NOKNOK
2
Is any progress being made? It’s very quiet and the years are rolling by. Well, summer holidays, I know, but this is frustrating.
7/2/2026, 9:39 AM
by Skipper
1
Modulight in good company on an export promotion trip LinkedIn 🇺🇸 🇫🇮 Yesterday, I had the pleasure of hosting and moderating a closed‑door... ...
6/12/2026, 5:54 PM
by NOKNOK
9
Well, I’m of a different opinion. That kind of text (edit: original message/image flagged, this comment of mine concerned a screenshot that ...
6/9/2026, 5:54 PM
by L Dabio
23
I don’t have anything better than that right now. It wasn’t such a serious matter, I was just pondering whether Modul might have some chance...
6/9/2026, 5:49 PM
by Salkunvartija97
0
Could you provide the actual links to the sources? This strongly appears to be an AI hallucination. You should exercise some healthy source ...
6/9/2026, 5:45 PM
by L Dabio
0