Modelon Third Quarter 2022 Results: Revenue Exceeds Expectations
Modelon (STO:MODEL B) Third Quarter 2022 Results
Main financial results
- Revenue: 16.4 million kr (up 16% compared to Q3 2021).
- Net loss: 15.9 million kr (expanded loss by 46% compared to Q3 2021).
All figures shown in the table above are for the 12 month period (TTM)
Modelon revenues disappoint
Revenue beat analysts’ estimates by 3.0%.
Going forward, revenue is expected to grow by an average of 27% per year over the next 3 years, compared to a growth forecast of 20% for the software industry in Sweden.
Performance of the Swedish software industry.
The company’s stock price is broadly unchanged from a week ago.
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