Modulight Corporation | Company Release | June 05, 2026 at 11:42:00 EEST

Modulight has identified an error in the presentation of certain balance sheet items in the financial statements released on 24-Apr-2026.

The error relates to the presentation of current liabilities. The amounts reported under accrued expenses and total current liabilities were incorrect.

The correct figures are as follows (EUR thousand):

Balance sheet item
Published figure
Correct figure
Liabilities
  Non-current liabilities
      Loans from financial institutions
988
988
  Total non-current liabilities
988
988
  Current liabilities
      Loans from financial institutions
1,502
1,502
      Advances received
53
53
      Accounts payable
285
285
     Other liabilities
164
164
     Accrued expenses
1,085
1,447
   Total current liabilities
1,949
3,451
Total liabilities
4,439
4,439


The correction does not affect the Company's total liabilities, total assets, shareholders' equity, cash flow, operating result, profit for the financial year, or any previously reported key performance indicators. The correction concerns only the presentation of balance sheet items.

The corrected figures have been updated in the financial statements available on the Company's website.
The Company regrets the error.

For further information, please contact:

CEO Seppo Orsila, m. +358 40 830 4671

IR Ulla Haapanen, m. +358 40 830 4676
Email: ir@modulight.com

Certified adviser: Sisu Partners Oy, m. +358 40 555 4727

modulight.com
@modulight

Modulight in brief

Modulight Corporation is a life science company that designs and manufactures laser devices for the treatment of cancer and eye diseases. The company also manufactures products for other high value-add applications including flow cytometry, microscopy, semiconductor, quantum, and defense. The company’s products include medical devices, subsystems, software, cloud services, and specialized semiconductors. Modulight’s products are used worldwide by many Fortune 500 companies, pharmaceutical companies, and well-known cancer centers and universities. Modulight was founded in 2000 and is headquartered in Tampere, Finland.

Follow Modulight: modulight.com | LinkedIn | Facebook | YouTube | Instagram | #KillCancer

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