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Last $10.29 USD
Change Today +0.03 / 0.29%
Volume 77.1K
MODN On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

model n inc (MODN) Key Developments

Ortho Clinical Diagnostics Selects Model N for Global Deployment Of Revvy Configure Price Quote for Medical Technologies

Model N, Inc. announced it has expanded its relationship with Ortho-Clinical Diagnostics, Inc. Under the new agreement, OCD will augment its current deployment of Model N's Revenue Management application suite with the global deployment of Model N's Revvy CPQ (Configure, Price, Quote) for medical technology manufacturers.

Glenmark Pharmaceuticals Leverages Model N Solutions

Model N reported that Glenmark Pharmaceuticals has selected Model N's end-to-end suite of Revenue Management Cloud applications. Glenmark Pharmaceuticals chose Model N's Revenue Management Cloud applications to further strengthen its ability to meet key business objectives, which include maintaining compliance with U.S. government pricing laws and regulations, expanding its generics business, and continuing to grow revenues while maintaining full visibility into its contractual agreements. Model N announced that its enterprise solutions for life sciences help transform the revenue lifecycle from a series of disjointed operations into a strategic, end-to-end process. Many pharmaceutical brands including Abbott, Amgen, AstraZeneca, Merck and Novartis rely on Model N to maximize their revenues by maximizing sell time, revenues per opportunity and overall volume of opportunities.

Model N, Inc. Appoints Eric Carrasquilla as Senior Vice President, Product Management

Model N, Inc. announced Eric Carrasquilla has joined Model N's executive team as Senior Vice President, Product Management. In his new role, Carrasquilla is responsible for leading product strategy, product management and user experience across Model N's suite of Revenue Management Cloud applications.

Model N, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending September 30, 2015

Model N, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company’s total revenues were USD 23,610,000 compared to USD 19,269,000 a year ago. Loss from operations was USD 5,700,000 compared to USD 6,683,000 a year ago. Non-GAAP loss from operations was USD 2,050,000 compared to USD 3,901,000 a year ago. Net loss was USD 5,786,000 compared to USD 6,800,000 a year ago. Basic and diluted net loss per share attributed to common stockholders was USD 0.22 as compared to USD 0.27 a year ago. Non-GAAP net loss attributable to the company was USD 2,136,000 or USD 0.08 per diluted share as compared to USD 4,018,000 or USD 0.169 per diluted share a year ago. Adjusted LBITDA was USD 998,000 compared to USD 3,072,000 a year ago. Loss before income taxes was USD 5,706,000 against USD 6,704,000 a year ago. Cash flow provided by operations was USD 1.4 million, which after adding CapEx of USD 0.7 million and USD 0.6 million of capitalized software produced a free cash flow of USD 0.1 million. This compares to cash flow provided by operations of USD 2.3 million in the third quarter of last year, which after adding USD 1 million of CapEx, produced a free cash flow of USD 1.3 million. For the nine months, the company reported total revenues of USD 68,387,000 against USD 61,478,000 a year ago. Loss from operations was USD 14,224,000 against USD 14,593,000 a year ago. Loss before income taxes was USD 14,277,000 against USD 14,694,000 a year ago. Net loss was USD 14,684,000 against USD 14,955,000 a year ago. Basic and diluted net loss per share attributed to common stockholders was USD 0.57 as compared to USD 0.62 a year ago. Net cash used in operating activities was USD 5,843,000 against USD 3,452,000 a year ago. Purchases of property and equipment were USD 1,748,000 against USD 1,503,000 a year ago. Adjusted LBITDA was USD 2,630,000 against USD 3,945,000 a year ago. Non-GAAP loss from operations was USD 5,417,000 compared to USD 6,488,000 a year ago. Non-GAAP net loss attributable to the company was USD 5,877,000 or USD 0.23 per diluted share as compared to USD 6,850,000 or USD 0.28 per diluted share a year ago. The company provided earnings guidance for the fourth quarter and full year ending September 30, 2015. For the quarter, the company’s total revenues are expected to be in the range from USD 24.6 million to USD 24.9 million, non-GAAP loss from operations is expected to be in the range of USD 2.3 million to USD 2.1 million and non-GAAP net loss per share is expected to be in the range of USD 0.09 to USD 0.08 based upon weighted average shares outstanding of 26.5 million shares. For the year ending September 30, 2015, the company’s total revenues are expected to be in the range from USD 92.9 million to USD 93.2 million, non-GAAP loss from operations is expected to be in the range of USD 7.6 million to USD 7.3 million and non-GAAP net loss per share is expected to be in the range of USD 0.29 to USD 0.28 based upon weighted average shares outstanding of 25.9 million shares.

Model N, Inc. to Report Q3, 2015 Results on Aug 10, 2015

Model N, Inc. announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Aug 10, 2015

 

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MODN

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Valuation MODN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.0x
Price/Book 3.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.0x
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