Modelon AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 03, 2023 at 12:30 pm IST
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Modelon AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was SEK 18.6 million compared to SEK 15.8 million a year ago. Revenue was SEK 18.9 million compared to SEK 16.1 million a year ago. Net loss was SEK 18.6 million compared to SEK 1.2 million a year ago. Basic loss per share from continuing operations was SEK 1.69 compared to SEK 0.11 a year ago.
For the full year, sales was SEK 67.6 million compared to SEK 68.9 million a year ago. Revenue was SEK 68.9 million compared to SEK 71.8 million a year ago. Net loss was SEK 64.8 million compared to SEK 28.5 million a year ago. Basic loss per share from continuing operations was SEK 5.88 compared to SEK 2.59 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 
