MODN Stock - Model N, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $249.46M | $219.16M | $193.44M | $161.06M | $141.24M |
| Gross Profit | $141.25M | $122.04M | $106.80M | $95.56M | $75.11M |
| Gross Margin | 56.6% | 55.7% | 55.2% | 59.3% | 53.2% |
| Operating Income | $-4,117,000 | $-12,955,000 | $-14,414,000 | $-6,606,000 | $-15,011,000 |
| Net Income | $-33,922,000 | $-28,635,000 | $-29,737,000 | $-13,664,000 | $-19,293,000 |
| Net Margin | -13.6% | -13.1% | -15.4% | -8.5% | -13.7% |
| EPS | $-0.89 | $-0.78 | $-0.84 | $-0.40 | $-0.60 |
Model N, Inc. provides cloud revenue management solutions for life sciences and high-tech companies. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims timely, as well as at correct rates for government medicaid programs. It also provides Deal Management, which increases deal conversion and pricing consistency; Deal Intelligence that controls price concessions and determines ideal prices; Channel Management, which provides manufacturers a view of inventory, as well as evaluate price protection and stock rotation, and matching available inventory to quotes; Market Development Fund Management that allows companies to streamline their MDF process and reduce revenue leakage; Rebates Management, which centralizes control of rebate programs; and Channel Data Management that automates the process of collection, cleansing, validation, and standardization of channel partner data, such as POS, inventory, and claims. In addition, the company offers implementation, managed, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. The company was incorporated in 1999 and is headquartered in San Mateo, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| February 7th 2024 | JMP Securities | Downgrade | Market Perform | - |
| December 13th 2023 | JP Morgan | Downgrade | Neutral | $25← $30 |
| November 10th 2023 | BTIG Research | Downgrade | Neutral | - |
| July 12th 2023 | Jefferies | Initiation | Hold | $40 |
| July 6th 2023 | Goldman | Initiation | Buy | $45 |
| April 27th 2023 | RBC Capital Mkts | Initiation | Sector Perform | $35 |
| March 27th 2023 | Morgan Stanley | Initiation | Overweight | $43 |
Earnings History & Surprises
MODNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Aug 13, 2024 | $0.36 | $0.13 | -63.9% | ✗ MISS |
Q2 2024 | May 6, 2024 | $0.26 | $0.24 | -7.7% | ✗ MISS |
Q1 2024 | Feb 6, 2024 | $0.29 | $0.28 | -3.4% | ✗ MISS |
Q4 2023 | Nov 9, 2023 | $0.30 | $0.31 | +3.3% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $0.24 | $0.35 | +45.8% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.17 | $0.22 | +29.4% | ✓ BEAT |
Q1 2023 | Feb 7, 2023 | $0.22 | $0.23 | +4.5% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $0.19 | $0.20 | +5.3% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $0.15 | $0.23 | +53.3% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $0.07 | $0.14 | +100.0% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $0.08 | $0.15 | +87.5% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $0.10 | $0.18 | +80.0% | ✓ BEAT |
Q3 2021 | Aug 9, 2021 | $0.02 | $0.16 | +799.9% | ✓ BEAT |
Q2 2021 | May 10, 2021 | $-0.05 | $0.04 | +180.0% | ✓ BEAT |
Q1 2021 | Feb 9, 2021 | $0.07 | $0.16 | +128.6% | ✓ BEAT |
Q4 2020 | Nov 10, 2020 | $0.09 | $0.14 | +55.6% | ✓ BEAT |
Q3 2020 | Aug 4, 2020 | $0.06 | $0.15 | +150.0% | ✓ BEAT |
Q2 2020 | May 5, 2020 | $0.02 | $0.07 | +204.3% | ✓ BEAT |
Q1 2020 | Feb 4, 2020 | $0.06 | $0.12 | +100.0% | ✓ BEAT |
Q4 2019 | Nov 5, 2019 | $0.08 | $0.12 | +50.0% | ✓ BEAT |
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