Modulight (MODU) Q3 2026 earnings summary

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.