Income Statement AS Modera

Stocks

MODE

EE3100084203

Market Closed - Nasdaq Tallinn 09:30:00 2026-10-09 EDT			5-day change	1st Jan Change
5.100 ^EUR	0.00%		-2.86%	+18.60%

09-01	AS Modera Reports Earnings Results for the Half Year Ended June 30, 2026	CI
08-26	Modera as Announces Appointment of Ruben Gomes to Chairman of the Management Board	CI

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Published financial data: AS MODERA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	971K	1.55M	2.12M	2.04M	2.52M
Total Revenues	971K	1.55M	2.12M	2.04M	2.52M
Cost of Goods Sold, Total	1.16M	1.97M	2.15M	2.12M	1.9M
Gross Profit	-192K	-418K	-28.03K	-81.78K	618K
Depreciation & Amortization - (IS)	273K	841K	1.02M	1.14M	1.06M
Other Operating Expenses	-384K	-705K	-959K	-834K	-759K
Other Operating Expenses, Total	-111K	136K	58.53K	302K	304K
Operating Income	-80.53K	-554K	-86.56K	-384K	314K
Interest Expense, Total	-55.94K	-45.15K	-37.13K	-77.72K	-177K
Interest And Investment Income	140	130	10.38K	24.98K	8.08K
Net Interest Expenses	-55.8K	-45.02K	-26.76K	-52.74K	-168K
Income (Loss) On Equity Invest.	2.81K	-3.35K	1.32K	-949	-385
Other Non Operating Income (Expenses)	-98	76.23K	16.89K	20.88K	43.08K
EBT, Excl. Unusual Items	-134K	-526K	-95.11K	-417K	188K
Gain (Loss) On Sale Of Assets	-	-	-	-	12.68K
Insurance Settlements	-	-	-	1.43K	766
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-134K	-526K	-95.11K	-415K	201K
Earnings From Continuing Operations	-134K	-526K	-95.11K	-415K	201K
Net Income to Company	-134K	-526K	-95.11K	-415K	201K
Net Income - (IS)	-134K	-526K	-95.11K	-415K	201K
Net Income to Common Incl Extra Items	-134K	-526K	-95.11K	-415K	201K
Net Income to Common Excl. Extra Items	-134K	-526K	-95.11K	-415K	201K
Per Share Items
Net EPS - Basic	-0.08	-0.33	-0.05	-0.21	0.1
Basic EPS - Continuing Operations	-0.08	-0.33	-0.05	-0.21	0.1
Basic Weighted Average Shares Outstanding	1.58M	1.59M	1.96M	1.97M	1.97M
Net EPS - Diluted	-0.08	-0.33	-0.05	-0.21	0.1
Diluted EPS - Continuing Operations	-0.08	-0.33	-0.05	-0.21	0.1
Diluted Weighted Average Shares Outstanding	1.58M	1.59M	1.96M	1.97M	1.97M
Normalized Basic EPS	-0.05	-0.21	-0.03	-0.13	0.06
Normalized Diluted EPS	-0.05	-0.21	-0.03	-0.13	0.06
Supplemental Items
EBITDA	-76.92K	-548K	-79.38K	-376K	318K
EBITA	-80.53K	-554K	-86.56K	-384K	314K
EBIT	-80.53K	-554K	-86.56K	-384K	314K
Normalized Net Income	-83.51K	-329K	-59.44K	-260K	118K
Interest on Long-Term Debt	-	46.61K	42.87K	-	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	1.93M	590K	983K	1.21M	349K
Short Term Investments	-	-	-	-	250K
Total Cash And Short Term Investments	1.93M	590K	983K	1.21M	599K
Accounts Receivable, Total	111K	249K	278K	204K	415K
Other Receivables	715	4	3.88K	42.8K	55.46K
Total Receivables	111K	249K	281K	247K	470K
Prepaid Expenses	3.6K	-	-	-	-
Other Current Assets, Total	3.89K	4.62K	9.46K	10.96K	14.06K
Total Current Assets	2.05M	843K	1.27M	1.46M	1.08M
Gross Property Plant And Equipment	12.52K	19.1K	30.69K	31.82K	29.55K
Accumulated Depreciation	-4.63K	-10.21K	-17.39K	-25.11K	-22.55K
Net Property Plant And Equipment	7.89K	8.89K	13.3K	6.71K	7K
Long-term Investments	4.37K	1.02K	2.34K	1.4K	1.01K
Other Intangibles, Total	4.21M	4.78M	5.51M	5.98M	6.39M
Other Long-Term Assets, Total	9.57K	6.08K	8.57K	23.48K	28.4K
Total Assets	6.28M	5.64M	6.81M	7.48M	7.51M
Liabilities
Accounts Payable, Total	114K	136K	146K	117K	103K
Accrued Expenses, Total	287K	274K	219K	156K	26.61K
Short-term Borrowings	-	-	928	3.24K	91.01K
Current Portion of Long-Term Debt	305K	366K	288K	195K	-
Current Portion of Leases	-	-	3.05K	-	-
Current Income Taxes Payable	39.29K	68.36K	94.54K	96.91K	93.52K
Unearned Revenue Current, Total	68.18K	52.44K	32.47K	53.85K	120K
Other Current Liabilities	16.83K	16.86K	12.03K	286	111K
Total Current Liabilities	830K	914K	796K	623K	545K
Long-Term Debt	706K	439K	291K	1.57M	1.5M
Long-Term Leases	-	-	2.48K	-	-
Unearned Revenue Non Current	116K	187K	161K	138K	115K
Total Liabilities	1.65M	1.54M	1.25M	2.33M	2.16M
Common Stock, Total	158K	159K	196K	197K	197K
Additional Paid In Capital	3.42M	3.42M	4.93M	4.93M	4.93M
Retained Earnings	1.06M	530K	435K	19.5K	221K
Total Common Equity	4.63M	4.1M	5.56M	5.15M	5.35M
Total Equity	4.63M	4.1M	5.56M	5.15M	5.35M
Total Liabilities And Equity	6.28M	5.64M	6.81M	7.48M	7.51M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.58M	1.59M	1.96M	1.97M	1.97M
ECS Total Common Shares Outstanding	1.58M	1.59M	1.96M	1.97M	1.97M
Book Value / Share	2.94	2.58	2.83	2.61	2.71
Tangible Book Value	421K	-680K	46.96K	-837K	-1.04M
Tangible Book Value Per Share	0.27	-0.43	0.02	-0.42	-0.53
Total Debt	1.01M	805K	586K	1.77M	1.59M
Net Debt	-922K	216K	-396K	564K	992K
Equity Method Investments, Total	4.37K	1.02K	2.34K	1.4K	1.01K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	7.47K	11.81K	21.95K	23.07K	20.81K
Full Time Employees	11	-	-	-	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	-134K	-526K	-95.11K	-415K	201K
Depreciation & Amortization - CF	3.61K	5.58K	7.18K	7.71K	4.62K
Depreciation & Amortization, Total	3.61K	5.58K	7.18K	7.71K	4.62K
Amortization of Deferred Charges, Total - (CF)	269K	835K	1.01M	1.13M	1.06M
(Gain) Loss From Sale Of Asset	-	-	-	-	-12.68K
Other Operating Activities, Total	53.08K	-27.86K	8.55K	32.81K	145K
Change In Accounts Receivable	3.3K	-131K	-40.05K	24.75K	-183K
Change In Accounts Payable	11.54K	70.2K	31.91K	-22.77K	12.28K
Cash from Operations	207K	226K	923K	756K	1.23M
Capital Expenditure	-5.03K	-6.58K	-6.38K	-1.12K	-6.52K
Sale of Property, Plant, and Equipment	-	-	-	-	14.29K
Sale (Purchase) of Intangible assets	-822K	-1.41M	-1.74M	-1.6M	-1.46M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-250K
Other Investing Activities, Total	123	104K	6.96K	18.45K	12.9K
Cash from Investing	-827K	-1.31M	-1.74M	-1.58M	-1.69M
Long-Term Debt Issued, Total	-	-	21.98K	1.53M	187K
Total Debt Issued	-	-	21.98K	1.53M	187K
Long-Term Debt Repaid, Total	-188K	-206K	-247K	-342K	-368K
Total Debt Repaid	-188K	-206K	-247K	-342K	-368K
Issuance of Common Stock	2.58M	1.2K	1.55M	1K	-
Other Financing Activities, Total	-42.79K	-48.58K	-117K	-136K	-212K
Cash from Financing	2.35M	-253K	1.21M	1.05M	-393K
Foreign Exchange Rate Adjustments	-98	-1.46K	-743	9	651
Net Change in Cash	1.73M	-1.34M	393K	224K	-857K
Supplemental Items
Cash Interest Paid	42.79K	48.58K	113K	134K	212K
Levered Free Cash Flow	-688K	-1.06M	-888K	-798K	-517K
Unlevered Free Cash Flow	-653K	-1.04M	-864K	-749K	-406K
Change In Net Working Capital	49.01K	112K	81.62K	45.93K	197K
Net Debt Issued / Repaid	-188K	-206K	-225K	1.18M	-180K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-0.98	-5.8	-0.87	-3.36	2.62
Return on Total Capital	-1.12	-6.56	-0.98	-3.67	2.83
Return On Equity %	-4.1	-12.04	-1.97	-7.75	3.84
Return on Common Equity	-4.1	-12.04	-1.97	-7.75	3.84
Margin Analysis
Gross Profit Margin %	-19.73	-26.88	-1.32	-4.02	24.51
EBITDA Margin %	-7.92	-35.27	-3.74	-18.47	12.63
EBITA Margin %	-8.29	-35.63	-4.07	-18.85	12.44
EBIT Margin %	-8.29	-35.63	-4.07	-18.85	12.44
Income From Continuing Operations Margin %	-13.76	-33.84	-4.48	-20.4	7.99
Net Income Margin %	-13.76	-33.84	-4.48	-20.4	7.99
Net Avail. For Common Margin %	-13.76	-33.84	-4.48	-20.4	7.99
Normalized Net Income Margin	-8.6	-21.15	-2.8	-12.79	4.66
Levered Free Cash Flow Margin	-70.88	-68.51	-41.78	-39.2	-20.48
Unlevered Free Cash Flow Margin	-67.28	-66.7	-40.69	-36.81	-16.11
Asset Turnover
Asset Turnover	0.19	0.26	0.34	0.28	0.34
Fixed Assets Turnover	135.28	185.22	191.49	203.47	367.81
Receivables Turnover (Average Receivables)	9.65	8.65	8.07	8.45	8.15
Short Term Liquidity
Current Ratio	2.47	0.92	1.6	2.35	1.99
Quick Ratio	2.46	0.92	1.59	2.33	1.96
Operating Cash Flow to Current Liabilities	0.25	0.25	1.16	1.21	2.25
Days Sales Outstanding (Average Receivables)	37.81	42.2	45.21	43.3	44.79
Average Days Payable Outstanding	30.23	23.13	23.85	22.7	21.05
Long Term Solvency
Total Debt/Equity	21.85	19.63	10.55	34.42	29.75
Total Debt / Total Capital	17.93	16.41	9.54	25.6	22.93
LT Debt/Equity	15.26	10.7	5.29	30.56	28.05
Long-Term Debt / Total Capital	12.52	8.94	4.78	22.73	21.62
Total Liabilities / Total Assets	26.32	27.28	18.37	31.2	28.77
EBIT / Interest Expense	-1.44	-12.27	-2.33	-4.94	1.78
EBITDA / Interest Expense	-1.38	-12.14	-2.14	-4.84	1.8
(EBITDA - Capex) / Interest Expense	-1.46	-12.29	-2.31	-4.85	1.77
Total Debt / EBITDA	-13.15	-1.47	-7.39	-4.71	5
Net Debt / EBITDA	11.99	-0.39	4.99	-1.5	3.11
Total Debt / (EBITDA - Capex)	-12.34	-1.45	-6.84	-4.7	5.1
Net Debt / (EBITDA - Capex)	11.25	-0.39	4.62	-1.5	3.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	47.51	60.01	36.73	-4.2	23.91
Gross Profit, 1 Yr. Growth %	52.97	118.06	-93.29	191.81	-855.81
EBITDA, 1 Yr. Growth %	-181.87	237.03	-85.52	373.73	-184.68
EBITA, 1 Yr. Growth %	-186.53	233.07	-84.37	343.35	-181.78
EBIT, 1 Yr. Growth %	-186.53	233.07	-84.37	343.35	-181.78
Earnings From Cont. Operations, 1 Yr. Growth %	-297.17	293.6	-81.92	336.5	-148.54
Net Income, 1 Yr. Growth %	-297.17	293.6	-81.92	336.5	-148.54
Normalized Net Income, 1 Yr. Growth %	-388.23	293.6	-81.92	338	-145.14
Diluted EPS Before Extra, 1 Yr. Growth %	-113.76	290.63	-85.36	334.29	-148.54
Accounts Receivable, 1 Yr. Growth %	21.99	124.95	11.6	-26.5	103.36
Net Property, Plant and Equip., 1 Yr. Growth %	21.92	12.73	49.57	-49.56	4.41
Total Assets, 1 Yr. Growth %	56.98	-10.16	20.7	9.81	0.38
Tangible Book Value, 1 Yr. Growth %	-123.86	-261.54	-106.9	-1.88K	24.18
Common Equity, 1 Yr. Growth %	144.99	-11.34	35.5	-7.45	3.92
Cash From Operations, 1 Yr. Growth %	27.37	406.88	308.11	-18.1	62.35
Capital Expenditures, 1 Yr. Growth %	-19.42	30.94	-3.11	-82.4	480.68
Levered Free Cash Flow, 1 Yr. Growth %	74.69	43.5	-16.63	-10.12	-35.25
Unlevered Free Cash Flow, 1 Yr. Growth %	78.17	46.61	-16.6	-13.33	-45.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.1	53.63	47.92	14.45	8.95
Gross Profit, 2 Yr. CAGR %	9.21	82.64	-61.75	-55.76	369.63
EBITDA, 2 Yr. CAGR %	-30.7	141.55	-30.14	-17.17	100.29
EBITA, 2 Yr. CAGR %	27.44	143.93	-27.84	-16.75	90.41
EBIT, 2 Yr. CAGR %	27.44	143.93	-27.84	-16.75	90.41
Earnings From Cont. Operations, 2 Yr. CAGR %	243.45	178.58	-15.63	-11.15	45.56
Net Income, 2 Yr. CAGR %	243.45	178.58	-15.63	-11.15	45.56
Normalized Net Income, 2 Yr. CAGR %	243.46	236.82	-15.63	-11	40.61
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-26.69	-24.39	-20.27	45.19
Accounts Receivable, 2 Yr. CAGR %	69.73	65.66	58.44	-9.43	22.26
Net Property, Plant and Equip., 2 Yr. CAGR %	166.22	17.23	29.85	-13.14	-27.43
Total Assets, 2 Yr. CAGR %	37.06	18.76	4.14	15.13	4.99
Tangible Book Value, 2 Yr. CAGR %	-44.45	-37.91	-66.61	10.92	370.52
Common Equity, 2 Yr. CAGR %	59.4	47.38	9.61	11.99	-1.93
Cash From Operations, 2 Yr. CAGR %	-	17.9	354.82	82.83	15.31
Capital Expenditures, 2 Yr. CAGR %	-	2.72	12.63	-58.7	1.1
Levered Free Cash Flow, 2 Yr. CAGR %	-	64.38	9.38	-13.44	-23.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	68.12	10.58	-14.98	-31.45
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	32.89	47.78	27.97	17.52
Gross Profit, 3 Yr. CAGR %	-	37.52	-39.29	-24.71	13.95
EBITDA, 3 Yr. CAGR %	-	50.71	-5.46	32.23	-16.56
EBITA, 3 Yr. CAGR %	-	123.53	-2.39	32.16	-17.25
EBIT, 3 Yr. CAGR %	-	123.53	-2.39	32.16	-17.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-	259.41	11.96	45.92	-27.37
Net Income, 3 Yr. CAGR %	-	259.41	11.96	45.92	-27.37
Normalized Net Income, 3 Yr. CAGR %	-	259.42	27.07	46.09	-29.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-57.15	35.41	-32.43
Accounts Receivable, 3 Yr. CAGR %	-	86.44	45.22	22.66	18.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-	99.91	27.15	-5.25	-7.64
Total Assets, 3 Yr. CAGR %	-	19.06	19.4	5.99	9.98
Tangible Book Value, 3 Yr. CAGR %	-	-20.71	-70.15	25.73	15.18
Common Equity, 3 Yr. CAGR %	-	31.09	43.31	3.6	9.23
Cash From Operations, 3 Yr. CAGR %	-	-	78.35	156.84	75.73
Capital Expenditures, 3 Yr. CAGR %	-	-	0.74	-39.33	-0.33
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	31.09	2.45	-21.42
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	33.09	1.96	-26.82
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	25.18	30.81
Gross Profit, 5 Yr. CAGR %	-	-	-	-12.63	37.61
EBITDA, 5 Yr. CAGR %	-	-	-	18.62	27.65
EBITA, 5 Yr. CAGR %	-	-	-	50.57	27.52
EBIT, 5 Yr. CAGR %	-	-	-	50.57	27.52
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	105.5	24.35
Net Income, 5 Yr. CAGR %	-	-	-	105.5	24.35
Normalized Net Income, 5 Yr. CAGR %	-	-	-	105.65	32.32
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-30.19
Accounts Receivable, 5 Yr. CAGR %	-	-	-	39.68	35.56
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	43.23	1.6
Total Assets, 5 Yr. CAGR %	-	-	-	17.47	13.41
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-9.31	-10.05
Common Equity, 5 Yr. CAGR %	-	-	-	23.09	23.14
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	49.8
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	0.88
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	5.56
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	2.07