Modelon AB Announces Consolidated Earning Results for the Second Quarter and Six Months Ended June 30, 2021
August 20, 2021 at 07:00 am
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Modelon AB (publ) announced consolidated earning results for the second quarter and six months ended June 30, 2021. For the second quarter, the company reports, total revenue of SEK 18.2 million compared to SEK 29.9 million a year ago. Operating loss is SEK 9.7 million compared profit of SEK 1.5 million a year ago. Net loss of SEK 9.9 million compared to profit of SEK 0.6 million a year ago. Loss per share is SEK 0.90 compared to earnings per share SEK 0.08 a year ago.
For the six months, the company reports, total revenue of SEK 41.4 million compared to SEK 59.2 million a year ago. Operating loss is SEK 16.4 million compared SEK 0.1 million a year ago. Net loss of SEK 16.5 million compared to SEK 0.3 million a year ago. Loss per share is SEK 1.50 compared to SEK 0.04 a year ago.
Modelon AB is a Sweden-based system software company that offers software and complementary products, as well as consulting services in industrial mathematical modelling, simulation and analysis of complex technical systems that enable companies to digitize, transform and improve their product development. The Company's offering includes system modeling and simulation software that accelerates product innovation, development and operation within a range of industries. Modelon's flagship product, Modelon Impact, is a cloud-based platform with a special Web interface and models and components spanning a wide range of applications. Modelon an industrial player in model-based system development with a focus on open standards.
MODELON AB 
