Modelon AB Reports Earnings Results for the First Quarter Ended March 31, 2022
May 17, 2022 at 11:30 am IST
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Modelon AB (publ) reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was SEK 17.8 million compared to SEK 20.6 million a year ago. Revenue was SEK 18.1 million compared to SEK 23.3 million a year ago. Net loss was SEK 12.8 million compared to SEK 6.6 million a year ago. Basic loss per share from continuing operations was SEK 1.16 compared to SEK 0.87 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.