Margins

Modulight's profitability margins have been significantly impacted by the increasing costs associated with the development and commercialization of its products, particularly in the early stages of its projects. The company's investments in research and development, as well as its efforts to expand its product offerings and enter new markets, have contributed to a rise in costs that has put pressure on its profitability margins. Furthermore, the company's reliance on a limited number of key customers and projects has also made it vulnerable to fluctuations in demand and pricing, which has further eroded its profitability margins.

Solvency

The Modulight Equity Ratio in Q2 2026 is 91.3%. Looking ahead, there is a slight decline expected in the Equity Ratio by Q4 2027 (e), reaching 82.4%. The five-year average Equity Ratio is 85.1%.

In Q2 2026, Modulight's gearing is -13.6%, indicating a significant level of debt. Looking ahead to Q4 2027 (e), the gearing is expected to increase to 19.6%, suggesting a shift towards more debt, and the five-year average gearing is -2.0%.

Return on Equity and Assets

Modulight's ROE in Q2 2026 is -9.9%, indicating a significant decline in profitability. The company's ROE is expected to continue its downward trend, reaching -12.2% by Q4 2027 (e), with a five-year average ROE of -12.8%.

Modulight's ROA in Q2 2026 is -9.1%, indicating a significant decline in profitability. Looking ahead, the company's ROA is expected to worsen further, reaching -10.0% by Q4 2027 (e), with a five-year average ROA of -10.9% suggesting a prolonged period of underperformance.

Asset Turnover Ratio

Asset Turnover Ratio is calculated as revenue / total assets.