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Analyst Comment

Modulight receives order worth 0.5 MEUR

By Antti SiltanenAnalyst
Modulight

Translation: Original published in Finnish on 12/20/2024 at 7:22 am EET.

Modulight announced on Thursday that it has received an order worth 0.5 MEUR from a customer in the field of next-generation therapeutics. Delivery of the order is scheduled for the second half of 2025 and the first half of 2026.

This order will contribute to the strong growth we expect for Modulight in the coming years. This year, we forecast revenue to amount to 3.9 MEUR, but to increase to 7.7 MEUR (+100%) and 10.6 MEUR (+38%) in 2025-2026. In November, the company announced new contracts with a minimum value of 1.5 MEUR for the next two years. Thus, Modulight's revenue development in the coming years has recently gained a notch more visibility with the new agreements.

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 Figures2024-10-22

202324e25e
Revenue4.03.97.7
growth-%-12.5 %-4.1 %99.6 %
EBIT (adj.)-12.1-8.1-6.3
EBIT-% (adj.)-301.4 %-210.9 %-81.7 %
EPS (adj.)-0.28-0.18-0.12
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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