Shares of Model N MODN Fell 15% after the company reported Q4 results.
Quarterly Results
Earnings per share increased 16.67% year over year to $0.14, which beat the estimate of $0.09.
Revenue of $41,460,000 higher by 13.27% year over year, which beat the estimate of $40,420,000.
Guidance
Model N Sees Q1 Adj. EPS $0.05-$0.08 vs $0.10 Est., Sales $40.2M-$40.6M vs $41.37M Est.; Sees FY21 Adj. EPS $0.27-$0.35 vs $0.43 Est., Sales $170M-$172M vs $174.55M Est.
Details Of The Call
Date: Nov 10, 2020
Time: 05:00 PM
ET Webcast URL: http://public.viavid.com/player/index.php?id=141759
Price Action
52-week high: $44.56
Company's 52-week low was at $15.00
Price action over last quarter: down 11.61%
Company Profile
Model N Inc is a provider of revenue management cloud software solutions for life science and technology companies. The firm has three primary software applications: Revenue Enterprise Cloud, which automates the execution of pricing, contracting, and compliance; Revenue Intelligence Cloud, which provides analytical insights into revenue management strategies; and Revvy, which provides predictable pricing capabilities. The company derives revenue from licensing and implementation fees and subscription fees to its solutions. A majority of the firm's revenue is generated in the United States, but it has a presence in countries across the world.
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