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Modulight

1.11 EUR

+2.96 %

2,807 following
Corporate customer

MODU

First North Finland

Medical Equipment & Services

Health Care

Overview
Financials & Estimates
Dividend
Compare
+2.96 %
-3.13 %
-0.54 %
-4.46 %
-19.86 %
-23.17 %
-60.71 %
-
-89.82 %

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.

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Market cap
47.48M EUR
Turnover
30.08K EUR
P/E (adj.) (26e)
-14.16
EV/EBIT (adj.) (26e)
-10.3
EV/S (26e)
5.09
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.20 EUR
Updated
21.02.2026
Disclaimer
Antti Siltanen
Antti Siltanen

Analyst

Latest research

Latest analysis report

Released: 23.02.2026

Latest extensive report

Released: 01.07.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
24.4
2026

Interim report Q1'26

4.5
2026

General meeting '26

21.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types
Modulight Q4'25: Small steps in the right direction
Research2/23/2026, 8:00 AM by
Antti Siltanen

Modulight Q4'25: Small steps in the right direction

Modulight's 2025 was characterized by growth.

Modulight
Regulatory press release2/20/2026, 9:00 AM

Modulight: Record Year in Revenue Growth

Modulight
Regulatory press release2/20/2026, 8:59 AM

Inside information: Modulight Corporation updates its strategy and sets new financial targets for the years 2026–2027

Modulight

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Modulight Q4'25 preview: Finishing touches on a year of growth
Analyst Comment2/18/2026, 7:15 AM by
Antti Siltanen

Modulight Q4'25 preview: Finishing touches on a year of growth

2025 has been a better year for the company. However, visibility going forward is limited.

Modulight
Press release2/13/2026, 7:15 AM

Modulight to publish its financial statements bulletin for January–December 2025 on February 20, 2026

Modulight
Life Science Companies as Investments | Life Science Night Dec. 9, 202514:40
Video12/16/2025, 7:30 AM

Life Science Companies as Investments | Life Science Night Dec. 9, 2025

Antti Siltanen, Life Science Analyst, PhD, talks about life science companies as investments.

Aiforia TechnologiesBioretecBiohitFaron PharmaceuticalsModulightNexstimOrionBittiumDetection TechnologyOptomedRevenio GroupNightingale HealthHerantis PharmaNanoform Finland
Regulatory press release12/3/2025, 12:20 PM

Modulight’s financial reporting and Annual General Meeting in 2026

Modulight
Regulatory press release10/29/2025, 8:55 AM

Modulight Corporation: Managers' Transactions – Seppo Orsila

Modulight
Modulight Q3'25: Risks grew more than potential
Research10/27/2025, 8:34 AM by
Antti Siltanen

Modulight Q3'25: Risks grew more than potential

Modulight's revenue grew significantly, and its losses narrowed from a weak comparison period.

Modulight
Regulatory press release10/24/2025, 10:00 AM

Continued Improvement in Revenue and Profitability

Modulight
Modulight Q3'25 preview: Quantum computing project shapes the quarter
Analyst Comment10/22/2025, 6:21 AM by
Antti Siltanen

Modulight Q3'25 preview: Quantum computing project shapes the quarter

Modulight will publish its Q3 results on Friday, October 24 at 1:00 pm EEST.

Modulight
Press release10/20/2025, 8:20 AM

Modulight to publish its interim report for January–September 2025 on October 24, 2025

Modulight
Regulatory press release9/22/2025, 11:30 AM

Modulight Corporation's Shareholders’ Nomination Committee Composition

Modulight
Regulation of medical devices and diagnostics in Europe
Analyst Comment9/19/2025, 5:18 AM by
Antti Siltanen

Regulation of medical devices and diagnostics in Europe

The EU is the world's second largest market for medical devices after the United States. In this article, we will go through the basics of EU regulation from an investor's perspective.

BioretecAiforia TechnologiesNexstimBiohitOptomedRevenio GroupModulightDetection TechnologyNightingale HealthBittium
Impact of Modulight's change negotiations remains limited
Analyst Comment9/11/2025, 6:39 AM by
Antti Siltanen

Impact of Modulight's change negotiations remains limited

The outcome of the negotiations was clearly milder than expected, and redundancies will be avoided entirely.

Modulight
Classification of medical devices and regulatory processes in the United States
Analyst Comment9/8/2025, 9:56 AM by
Antti Siltanen

Classification of medical devices and regulatory processes in the United States

We continue our series of articles focusing on Life Science investing, the first four parts of which focused on drug development. Subsequent articles will cover medical devices.

BioretecNexstimOptomedRevenio GroupModulightBittiumDetection Technology
Modulight starts change negotiations
Analyst Comment8/29/2025, 8:36 AM by
Antti Siltanen

Modulight starts change negotiations

Modulight announced on Thursday that it would start change negotiations. The negotiations, which are being initiated for financial and production-related reasons, aim to streamline operations and improve profitability.

Modulight
Modulight Q2'25: Growth supported by quantum computing project
Research8/25/2025, 7:14 AM by
Antti Siltanen

Modulight Q2'25: Growth supported by quantum computing project

Modulight’s revenue grew by triple-digit percentages, its operating loss was cut in half, and our estimates were exceeded. The company reported brisk trading during the summer, and revenue was also supported by the partial recognition of the quantum computing order.

Modulight
Regulatory press release8/22/2025, 10:00 AM

Modulight: Revenue and profitability improved in line with the strategy

Modulight
Modulight Q2'25 preview: Order book and increased number of care facilities support revenue
Analyst Comment8/20/2025, 6:43 AM by
Antti Siltanen

Modulight Q2'25 preview: Order book and increased number of care facilities support revenue

Earlier this year, the company reported an increase in the order book and the number of hospitals using its products. Based on this message, we expect growing revenue for the quarter.

Modulight
Forum discussions
Siltanen interviewed Modulight CEO Seppo Orsila regarding Q4 Inderes Modulight Q4'25: Oikeaan suuntaan - Inderes Aika: 20.02.2026 klo 14.50 Modulight jatkoi hyvää kehitystä loppuvuonna, kun liikevaihto kasvoi ennätyksellisen voimakkaasti. Topics: 00:00 Introduction 00:13 Highlights...
2/20/2026, 2:51 PM
by Sijoittaja-alokas
6
Here is the third published analysis on Saturday, how nice. Antti has written a new company report on Modulight following the Q4 results. Modulight’s year 2025 was marked by growth. The business is developing in the right direction, but slowly. Regarding Q4, revenue fell short and...
2/21/2026, 4:51 PM
by Sijoittaja-alokas
5
Tampere is a laser valley Tekniikka&Talous – 18 Feb 26 Maailman tarkimpia lasereita valmistava suomalaisyritys 100 % vuosikasvussa –... Tamperelainen puolijohdelasereihin erikoistunut Vexlum valmistaa tuotteita, jotka ovat vähintään miljardi kertaa tarkempia kuin monet muihin käytt...
2/18/2026, 7:52 AM
by Molskis06
3
Here are Antti’s pre-result comments as Modulight reports its results on Friday, February 20. We expect the company’s revenue to have continued its growth and the loss to have narrowed from the comparison period, although the operating result still remains clearly negative. In the...
2/18/2026, 5:38 AM
by Sijoittaja-alokas
3
Is patience starting to run out soon? The cash will last for almost two years.
2/5/2026, 7:33 PM
by NOKNOK
3
Yeah, I have a prediction. Nothing particularly positive in store. Same as before, i.e., burning through cash.
2/16/2026, 5:38 PM
by L Dabio
1
There has been news coverage about quantum technology in recent days. These reports mentioned that the technology is constantly evolving and will enable a great deal across many industries. Quantum technology is expected to enter commercial use around the year 2030; I believe Modulight...
1/15/2026, 4:36 AM
by Salkunvartija97
1
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