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Modelon MODELON AB ( publ ) - INTERIM REPORT January 1 - September 30 , 2021 November 16 , 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 third quarter and the period January - September 2021 . Q3 Highlights ▪ ARRcc¹ increased to MSEK 34.1 ( 28.7 ) , with annual growth of 19 % and continued quarter - to - quarter growth of 8 % . Modelon Impact ARR grew 13 % compared to the previous quarter and was the major contributor to overall ARR growth . ▪ Net revenue amounted to MSEK 14.1² ( 24.7 ) , of which software revenues were MSEK 9.2 ( 8.8 ) . ■ EBIT amounted to MSEK -11.0 ( 1.4 ) . ▪ Net result amounted to MSEK -10.9 ( 1.4 ) . ▪ Earnings per share amounted to SEK -0.99 ( 0.18 ) before dilution . ▪ Financial result for the period reflects the ongoing investment phase for accelerated growth . Summary Financials MSEK Annual recurring revenue , ARRcc¹ Net revenues Software revenues Recurring revenue Service revenues ² Other operating income EBIT EBIT margin Net result after tax Earnings per share ( SEK ) before dilution Cash balance 2021 34.1 14.1 9.2 8.5 4.9 0.2 -11.0 -77.9 % -10.9 -0.99 184.9 Significant events during the period ▪ EGM on September 28 approved share incentive programs for new employees . January - September ▪ Net revenue amounted to MSEK 53.1² ( 83.7 ) , of which software revenues were MSEK 26.8 ( 27.5 ) . Significant events after the period ▪ No significant events . ▪ EBIT amounted to MSEK -27.4 ( 1.3 ) . ▪ Net result amounted to MSEK -27.3 ( 1.1 ) . Earnings per share amounted to SEK -2.48 ( 0.14 ) before dilution . ▪ Financial result for the period reflects the ongoing investment phase for accelerated growth . Q3 , Jul - Sep 2020 28.7 24.7 8.8 7.4 15.9 0.1 1.4 5.7 % 1.4 0.18 62.0 Change 19 % -43 % 4 % 15 % -69 % 198 % ¹ Annual recurring revenue at constant currency , see section " Pro - forma KPI's " 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 . 2021 34.1 53.1 26.8 23.7 26.2 2.6 -27.4 -51.6 % -27.3 -2.48 184.9 Link to audiocast YTD , Jan - Sep 2020 28.7 83.7 27.5 22.8 56.1 0.3 1.3 1.5 % 1.1 0.14 62.0 Modelon AB ( publ ) Modelon AB ( publ ) IDEON Science Park SE - 223 70 Lund www.modelon.com Org . nr . 556672-3010 Change 19 % -37 % -2 % 4 % -53 % Investor presentation Modelon will hold a presentation of the Q3 interim report at 10am CET on November 16 , 2021. CEO Magnus Gäfvert and CFO Jonas Eborn will present the Q3 earnings in an audiocast . 198 % Contact : Magnus Gäfvert CEO of Modelon AB ( publ ) +46 733 24 59 04 magnus.gafvert@modelon.com