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Modelon MODELON AB ( publ ) - INTERIM REPORT January 1 - June 30 , 2021 August 20 , 2021 : The Board of Directors and Chief Executive Officer of Modelon AB ( publ ) , listed on Nasdaq First North Growth Market , present the following report for the second quarter and the period January - June 2021 . Q2 Highlights ▪ ARRcc¹ increased to 31,6 MSEK , with quarter - to - quarter growth of 8 % . Modelon Impact ARR grew 29 % compared to the previous quarter and was the major contributor to overall ARR growth . ▪ Net revenue amounted to 18,4 ( 30,3² ) MSEK , of which software revenues were 8,8 ( 8,7 ) MSEK . ■ EBIT amounted to -9,7 ( 1,5 ) MSEK . ▪ Net result amounted to -9,9 ( 0,6 ) MSEK . ▪ Earnings per share amounted to -0,90 ( 0,08 ) SEK before dilution , and -0,88 SEK after dilution . ▪ Financial result for the period reflects the ongoing investment phase for accelerated growth . Summary Financials MSEK Annual recurring revenue , ARRcc¹ Revenues Software revenues Recurring revenue Service revenues Other operating income EBIT EBIT margin Net result after tax Earnings per share ( SEK ) before dilution Cash balance 2021 31,6 18,2 8,8 7,9 9,6 -0,3 -9,7 -53,5 % -9,9 -0,90 191,4 Significant events during the quarter ▪ IPO on Nasdaq First North Growth Market was substantially oversubscribed . Modelon class B were listed on April 28 with ticker symbol MODEL B. In the IPO 3 409 090 new shares were issued , which raised 150 MSEK gross proceeds to the company before costs related to the transaction . January - June in Summary ▪ Net revenue amounted to 39,0 ( 58,9 ² ) MSEK , of which software revenues were 17,6 ( 18,6 ) MSEK . ▪ EBIT amounted to -16,4 ( -0,1 ) MSEK . ▪ Net result amounted to -16,5 ( -0,3 ) MSEK . Earnings per share amounted to -1,50 ( -0,04 ) SEK before dilution and -1,46 SEK after dilution . Q2 , Apr - Jun 2020 28,3 29,9 8,7 7,7 21,6 -0,4 1,5 4,9 % 0,6 0,08 46,1 ▪ AGM on May 31 resolved to appoint Mark H. Shay from Accendo Capital and , Magnus Thell , independent , as new board members . Significant events after the period ▪ No significant events . ▪ Financial result for the period reflects the ongoing investment phase for accelerated growth . Change 12 % -39 % 1 % 2 % -56 % 315 % 2021 31,6 41,4 17,6 15,2 21,4 2,4 -16,4 -39,6 % ¹ Annual recurring revenue at constant currency , see section " Pro - forma KPIs " on page 4 for definition . 2 The ramp down of the customer funded co - development activities related to an international customer and transferring corresponding product development costs to self - funding on plan , see page 3 and the CEO comment . -16,5 -1,50 191,4 Link to audiocast YTD , Jan - Jun 2020 28,3 59,2 18,6 15,4 40,3 0,2 -0,1 -0,2 % -0,3 -0,04 46,1 Modelon AB ( publ ) Modelon AB ( publ ) IDEON Science Park SE - 223 70 Lund www.modelon.com Org . nr . 556672-3010 Change 12 % -30 % -5 % -1 % -47 % Investor presentation Modelon will hold a presentation of the Q2 interim report at 10am CET on August 20 , 2021. CEO Magnus Gäfvert and CFO Jonas Eborn will present the Q2 earnings in an audiocast . 315 % Contact : Magnus Gäfvert CEO of Modelon AB ( publ ) +46 733 245904 magnus.gafvert@modelon.com