Recap: Model N Q1 Earnings

Shares of Model N MODN rose in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 33.33% over the past year to $0.16, which beat the estimate of $0.07.

Revenue of $42,734,000 rose by 11.32% from the same period last year, which beat the estimate of $40,420,000.

Guidance

Model N Sees FY21 Adj. EPS $0.10-$0.15 vs $0.31 Estimate, Sales $184M-$186M vs $171.2M Est.

Model N Sees Q2 Adj. EPS $(0.06)-$(0.05) vs $0.06 Estimate, Sales $46M-$46.5M vs $41.9M Est.

How To Listen To The Conference Call

Date: Feb 09, 2021

Time: 05:00 PM

ET Webcast URL: http://public.viavid.com/player/index.php?id=142885

Price Action

Company's 52-week high was at $44.56

52-week low: $15.00

Price action over last quarter: Up 26.65%

Company Overview

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.