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Modelon Q2 2023: Stable quarter and stellar margins - Redeye

Redeye states that Modelon’s financial performance was above our projections on sales and profitability. While ARR came in weaker than our estimates, total software sales were robust. A noteworthy development in this quarter was the launch of an upgraded version of Modelon Impact, introducing potential upselling opportunities. We consider adjusting our estimates while we may only make minor changes to our fair value range and base case.

Redeye states that Modelon’s financial performance was above our projections on sales and profitability. While ARR came in weaker than our estimates, total software sales were robust. A noteworthy development in this quarter was the launch of an upgraded version of Modelon Impact, introducing potential upselling opportunities. We consider adjusting our estimates while we may only make minor changes to our fair value range and base case.
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