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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Modulight
Modulight (MODU) investor relations material
Modulight Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary26 Oct, 2026
Executive summary
Q3 revenue rose 7% YoY to EUR 1.886m; EBITDA reached EUR 1.003m and a 53.2% margin, while order intake reached EUR 3.5m, among the strongest levels on record.
Product sales made up a larger share of orders as projects advanced toward qualification and production; the R&D pipeline grew to 37 projects from 32.
Financial highlights
Q3 revenue was EUR 1.886m versus EUR 1.765m; EBITDA was EUR 1.003m versus a loss of EUR 184k, while EBIT was negative EUR 393k.
Q3 net loss was EUR 395k versus EUR 1.227m; EPS was negative EUR 0.01 versus negative EUR 0.03.
9M revenue declined 7% YoY to EUR 4.985m; EBITDA was EUR 1.370m versus a loss of EUR 810k, and net loss was EUR 2.718m versus EUR 3.953m.
PPT revenue rose 110% YoY to EUR 0.5m in Q3 and 127% to EUR 1.5m in 9M.
Outlook and guidance
FY2026 outlook unchanged: revenue and EBITDA are expected to grow YoY.
2026–2027 strategy targets strong annual revenue growth, a return to high EBITDA profitability and positive cash flow by the end of the period.
Quarterly order intake and revenue may fluctuate; customer diversification, a larger project pipeline and progress toward production support longer-term visibility.
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Latest events from Modulight
- EBITDA margin rose to 2.3% as PPT business surged, despite revenue falling 18% in Q2.MODU
Q2 2026 - EBITDA rose 157% to €330k as PPT and pipeline growth offset a 7% revenue decline.MODUQ1 2026
- Record revenue growth and strong EBITDA, driven by PPT expansion and project pipeline.MODUQ4 2025
- Revenue up 176% YoY, losses narrowing, and PPT business driving strong operational gains.MODUQ3 2025
- Q2 revenue doubled and EBITDA neared zero as the pipeline and global customer base expanded.MODUQ2 2025
- Q3 revenue up 58% YoY, EBITDA loss narrows, and PPT model and R&D pipeline expand.MODUQ3 2024
- Q2 2024 revenue fell 13% YoY, but EBITDA loss narrowed and cash flow improved as the pipeline grew.MODUQ2 2024
- Revenue up 52% and EBITDA up 56%, driven by US growth and pay-per-treatment expansion.MODUQ1 2025
- Q4 revenue up 40% YoY, cash flow and margins improved as PPT model reached 50 hospitals.MODUQ4 2024
Next Modulight earnings date
Q4 202619 Feb, 2027
Modulight
Next Modulight earnings date
Q4 202619 Feb, 2027
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Frequently asked questions
Modulight is a Finnish technology company specializing in the design and manufacture of lasers and optical systems for medical, industrial, and research applications. The company offers laser products used in diagnostics, cancer treatments, and surgical procedures, as well as custom solutions for various industries. Modulight is headquartered in Tampere, Finland, and its shares are listed on the Nasdaq First North Growth Market.