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Modelon Q3 2024: Soild ARR growth - Redeye

Redeye shares its initial comments on Modelon’s Q3 2024 figures, which were in line with our ARR expectations, though top-line performance came in softer than anticipated. ARR (in constant currency) increased by 20% year-over-year and 5% quarter-over-quarter, driven primarily by Modelon Impact. Following the report, we anticipate making minor adjustments to our forecasts.

Redeye shares its initial comments on Modelon’s Q3 2024 figures, which were in line with our ARR expectations, though top-line performance came in softer than anticipated. ARR (in constant currency) increased by 20% year-over-year and 5% quarter-over-quarter, driven primarily by Modelon Impact. Following the report, we anticipate making minor adjustments to our forecasts.
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