Modelon AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 23, 2023 at 07:00 am
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Modelon AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 21.1 million compared to SEK 15.1 million a year ago. Revenue was SEK 21.3 million compared to SEK 15.4 million a year ago. Net loss was SEK 12.4 million compared to SEK 17.5 million a year ago. Basic loss per share from continuing operations was SEK 1.13 compared to SEK 1.59 a year ago.
For the six months, sales was SEK 39.1 million compared to SEK 32.9 million a year ago. Revenue was SEK 39.7 million compared to SEK 33.5 million a year ago. Net loss was SEK 30.6 million compared to SEK 30.3 million a year ago. Basic loss per share from continuing operations was SEK 2.78 compared to SEK 2.75 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 
