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Research

Modulight: Start of the year was still difficult

By Antti SiltanenAnalyst
Modulight
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In connection with its business review, Modulight released key business indicators on Friday. The company's Q1’23 revenue and EBIT fell from the comparison period and were clearly below our expectations. Despite the undershoot, our estimates fall only slightly, as the company reported that several projects had significant revenue potential during the rest of the year. The valuation picture is practically unchanged when the share price has fallen as much as our estimates.

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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 Figures01.05.2023

202223e24e
Revenue4.69.112.6
growth-%-49.3 %98.7 %37.6 %
EBIT (adj.)-7.8-5.2-2.9
EBIT-% (adj.)-169.5 %-56.7 %-22.8 %
EPS (adj.)-0.20-0.12-0.06
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

Has there been any significant or noteworthy development in the IQM and Modulight quantum computing collaboration, or is it just a basic partnership...
12/3/2025, 6:05 PM
by Salkunvartija97
1
Good company presentation. Exuding confidence. Also remembered the 2024 talks about commercialization. Now said that there hasn’t been anything...
11/27/2025, 8:20 PM
by Jopinaattori
1
A new, just under half an hour long Modu and Orsila.https://youtu.be/tk0nQENR9DU?si=9MU7U32q6KifMSdf&t=4
11/27/2025, 7:14 PM
by Maakinen
3
My previous message in the thread 4 years ago. Modu designs lasers, which is potentially a very lucrative part of the value chain, if it can...
11/27/2025, 6:20 PM
by Clark kent
5
I also recently invested a bit in Modulight. I’ve also noticed the quietness; it’s clearly the quietest company among my investments.
11/27/2025, 3:19 PM
by Salkunvartija97
1
It’s quiet, regrettably quiet. Trading is almost at zero. This is how the years pass, big promises have turned into silence.
11/27/2025, 3:11 PM
by Skipper
1
Orsila has bought 21,000 units. A good sign for me.
10/29/2025, 9:08 AM
by Jopinaattori
8
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