Modelon AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 02:00 am
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Modelon AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 20.7 million compared to SEK 18.6 million a year ago. Revenue was SEK 21 million compared to SEK 18.9 million a year ago. Net loss was SEK 13.4 million compared to SEK 18.6 million a year ago. Basic loss per share from continuing operations was SEK 1.22 compared to SEK 1.69 a year ago.
For the full year, sales was SEK 79 million compared to SEK 67.6 million a year ago. Revenue was SEK 79.9 million compared to SEK 68.9 million a year ago. Net loss was SEK 55.6 million compared to SEK 64.8 million a year ago. Basic loss per share from continuing operations was SEK 5.05 compared to SEK 5.88 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 
