Business
MODU: Q2 2024 saw revenue decline but improved EBITDA and cash flow as R&D and new models advanced
MODU: Q2 2024 saw revenue decline but improved EBITDA and cash flow as R&D and new models advanced
About this update from Modulight Oyj
Revenue declined 13% year-over-year in Q2 2024, but EBITDA loss narrowed due to efficiency gains and reduced one-time costs. R&D pipeline grew, new business models advanced, and cash flow improved despite ongoing macroeconomic uncertainty.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.