Modera reported a profit of €54,724 in the first half of the year, with total revenue reaching €306,714. Revenue increased by 56 percent to €706,108. Sales revenue for the eight-month period ending in the first half was €873,270, and total revenue with support reached €943,324. Based on these results and anticipated sales through the remainder of the year, Modera’s board member Raido Toonekurg stated the company intends to fulfill the profitability goals established during its initial public offering year in 2022. “We can continue with aggressive investment with the current capital until the summer of 2023,” Toonekurg noted. “We plan to raise additional capital in the first half of 2023, in the range of €500,000 to €1 million, to ensure the implementation of the growth plans.” The war in Ukraine has significantly impacted Modera’s operations in the region, leading to the closure of its office in Dnipro and the relocation of personnel for security reasons, both domestically and internationally. Modera signed a contract with MG Australia to develop a distributor and dealer website and a digital sales outlet for the Modera platform, a key element in launching the MG brand in the Australian market. Additionally, Modera established a cooperation agreement with ERGO insurance company, creating the opportunity to offer motor insurance and casco products to one of the largest associations of the Baltic States through its platform. The company announced a million-euro contract, resulting from years of analysis and negotiations with a confidential international car manufacturer; successful implementation in one country is projected to lead to a solution deployed in approximately one hundred countries. Topics: #year #modera #first Post navigation The city team supplemented the attacking line with a Senegalese player The US soccer team took the top mark that Bolt had held for ten years