Model N Will Not Provide Guidance for Q3 and Suspended Outlook for FY24 Due to Pending Acquisition by Affiliates of Vista Equity Partners

5/6/24 9:12:10 AM ET

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Transaction with Vista Equity Partners

Due to the Company's pending acquisition by affiliates of Vista Equity Partners that was announced on April 8, 2024 there will not be a conference call or live webcast to discuss these financial results. In addition, the Company will not be providing financial guidance for the third quarter of fiscal year 2024 and is suspending its financial guidance for the full fiscal year 2024 as a result of the pending transaction.

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Recent Analyst Ratings for
$MODN

Date	Price Target	Rating	Analyst
2/7/2024		Mkt Outperform → Mkt Perform	JMP Securities
12/13/2023	$30.00 → $25.00	Overweight → Neutral	JP Morgan
11/10/2023		Buy → Neutral	BTIG Research
7/12/2023	$40.00	Hold	Jefferies
7/6/2023	$45.00	Buy	Goldman
4/27/2023	$35.00	Sector Perform	RBC Capital Mkts
3/27/2023	$43.00	Overweight	Morgan Stanley
2/9/2022	$45.00 → $34.00	Buy	Needham

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Press Releases

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Model N Named in U.S. News & World Report's 2024-2025 Best Companies to Work For
SAN MATEO, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- Model N, Inc. U.S. News & World Report, the global authority in rankings and consumer advice, has named Model N as one of the 2024-2025 Best Companies to Work For. Model N was rated among top companies to work for on factors contributing to job seekers' decision-making when choosing a workplace that best meets their needs. U.S. News & World Report Best Companies to Work For ratings analyze employee sentiment against factors such as quality of pay and benefits, belonging and esteem, career opportunities and professional development. Additional qualities include work-life balance and stability, which Model N earned a perfect score in.
7/11/24 1:30:00 PM ET
$MODN
Computer Software: Programming Data Processing
Technology
Model N Introduces Two Cutting-Edge Data Solutions, Syndicated Customer Master and Formulary Compliance
SAN MATEO, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Model N (NYSE:MODN), the leader in revenue optimization and compliance unveiled two new integrated data solutions that address critical business needs for life sciences manufacturers. Syndicated Customer Master and Formulary Compliance were designed in close partnership with the world's leading life sciences companies to address pressing industry challenges with significant business impact. These solutions, designed with broader market input, address high-value use cases that drive informed business decisions, accelerate time to insight, strengthen revenue optimization, and support compliance. "Model N's new integrated data solutions,
6/11/24 9:00:00 AM ET
$MODN
Computer Software: Programming Data Processing
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MODN Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of the Proposed Sale of Model N to Vista Equity Partners
MONSEY, N.Y., May 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation into the fairness of the price of $30.00 per share in cash for which Model N, Inc. (NYSE:MODN) ("MODN") has agreed to be sold to Vista Equity Partners ("Vista"). The investigation of the proposed sale was renewed upon the filing of a preliminary proxy by MODN concerning the proposed sale on May 3, 2024. If you remain an MODN shareholder and question the fairness of the price, you may contact our firm at the following link to discuss your legal rights at no charge: https://wohlfruchter.com/cases/model-n/ Alternatively, you may contact us by phone at 866-833-6245, or via email
5/13/24 1:11:01 PM ET
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Financials

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Model N Announces Second Quarter Fiscal Year 2024 Financial Results
Model N, Inc. (NYSE:MODN), a leader in cloud revenue management solutions, today announced financial results for the second quarter of fiscal year 2024 ended March 31, 2024. Second Quarter 2024 Financial Highlights Revenues: Total revenues were $65.1 million, an increase of 4% from the second quarter of fiscal year 2023. Subscription revenues were $49.2 million, an increase of 9% from the second quarter of fiscal year 2023. Gross Profit: Gross profit was $37.2 million, an increase of 6% from the second quarter of fiscal year 2023. Gross margin was 57% for the second quarter of fiscal year 2024 compared to 56% for the second quarter of fiscal year 2023. Non-GAAP gross profit was $39.
5/6/24 9:00:00 AM ET
$MODN
Computer Software: Programming Data Processing
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Model N Announces Date of Second Quarter Fiscal Year 2024 Financial Results
SAN MATEO, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Model N, Inc. (NYSE:MODN), a leader in revenue optimization and compliance, plans to announce financial results for the second quarter fiscal year 2024 pre-market on Monday, May 6, 2024. Due to the Company's pending acquisition by Vista Equity Partners that was announced on April 8, 2024, there will not be a conference call or live webcast to discuss the financial results. About Model N Model N is the leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators. Our intelligent platform powers your digital transformation with integrated technology, data, analytics, and expert services that deliv
5/2/24 4:05:00 PM ET
$MODN
Computer Software: Programming Data Processing
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Model N Announces First Quarter Fiscal Year 2024 Financial Results
Subscription Revenue Grew 8% Year-over-Year SaaS ARR Grew 16% Year-over-Year Model N, Inc. (NYSE:MODN), the leader in cloud revenue management solutions, today announced financial results for the first quarter of fiscal year 2024 ended December 31, 2023. "Our first quarter results beat expectations. We exceeded guidance for total revenue, subscription revenue, professional services revenue and adjusted EBITDA." said Jason Blessing, president and chief executive officer of Model N. "Our strong performance in Q1 was driven by a healthy contribution from all areas of the business. We signed new logos, closed one of our few remaining SaaS transition, saw numerous customer base expansions, a
2/6/24 4:05:00 PM ET
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Leadership Updates

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GrubMarket Appoints Mark Tisdel as New Independent Board Member
SAN FRANCISCO, April 11, 2023 /PRNewswire/ -- GrubMarket today announced that it has appointed Mark Tisdel to its Board of Directors as an independent board member and Audit Committee Chairperson. Tisdel, an experienced finance executive, will be an essential advisor to GrubMarket as the company continues to cement its position as one of the world's fastest-growing and most profitable food tech companies. Tisdel is a highly qualified and accomplished industry leader with more than 30 years of experience in finance and accounting. He has spent the last 15 years as a CFO for pub
4/11/23 9:06:00 AM ET
$MODN
Computer Software: Programming Data Processing
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Scott Reese Named CEO of GE Digital
Today GE (NYSE:GE) announced the appointment of Scott Reese as Chief Executive Officer of GE Digital effective February 22, 2022. Reese succeeds Patrick Byrne who will continue at GE as Chief Executive Officer for the onshore wind business at GE Renewable Energy. Reese joins GE from Autodesk (NASDAQ:ADSK) where he is executive vice president, product development and manufacturing solutions. He joined Autodesk in 2003 with the acquisition of VIA Development Corporation and has spent nearly two decades leading product and go-to-market initiatives across a wide range of industries, while driving aggressive growth with next-generation solutions for manufacturing. Reese also established Autodes
1/18/22 9:11:00 AM ET
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Sayari Labs Appoints Edward Sander as Chief Product Officer
Washington, D.C., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Washington DC, December 20, 2021 – Sayari Labs, the emerging leader in financial intelligence and supply chain risk solutions, announced the appointment of Edward Sander as Chief Product Officer. In his role, Ed leads Sayari's entire Product function and is responsible for its overall product strategy & direction, product roadmap, technology partnerships and go-to-market. Ed has two decades of experience running global software organisations and is an acknowledged market expert in financial crime, compliance and risk with specific expertise in anti-money laundering (AML), know-your-customer (KYC), customer due diligence (CDD) and enhan
12/20/21 11:43:55 AM ET
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Model N Will Not Provide Guidance for Q3 and Suspended Outlook for FY24 Due to Pending Acquisition by Affiliates of Vista Equity Partners

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Recent Analyst Ratings for $MODN

$MODN Large Ownership Changes

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SEC Form SC 13G filed by Model N Inc.

SEC Form SC 13G/A filed by Model N Inc. (Amendment)

SEC Form SC 13G/A filed by Model N Inc. (Amendment)

$MODN Press Releases

Fastest customizable press release news feed in the world

Model N Named in U.S. News & World Report's 2024-2025 Best Companies to Work For

Model N Introduces Two Cutting-Edge Data Solutions, Syndicated Customer Master and Formulary Compliance

MODN Alert: Monsey Firm of Wohl & Fruchter Renews Investigation of the Proposed Sale of Model N to Vista Equity Partners

$MODN Market Insights

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Model N Unveils Syndicated Customer Master And Formulary Compliance Solutions For Life Sciences Manufacturers, Enhancing Revenue Optimization And Compliance

JMP Securities Reiterates Market Perform on Model N

Needham Reiterates Hold on Model N

$MODN Financials

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Model N Announces Second Quarter Fiscal Year 2024 Financial Results

Model N Announces Date of Second Quarter Fiscal Year 2024 Financial Results

Model N Announces First Quarter Fiscal Year 2024 Financial Results

$MODN SEC Filings

$MODN Insider Trading

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SEC Form 15-12G filed by Model N Inc.

SEC Form S-8 POS filed by Model N Inc.

SEC Form S-8 POS filed by Model N Inc.

Chief Strategy & Mktg Officer Rayani Rehmann returned $3,887,970 worth of shares to the company (129,599 units at $30.00), closing all direct ownership in the company (SEC Form 4)

Chief People Officer Selig Laura returned $4,089,390 worth of shares to the company (136,313 units at $30.00), closing all direct ownership in the company (SEC Form 4)

Chief Revenue Officer Lyon Christopher returned $7,339,650 worth of shares to the company (244,655 units at $30.00), closing all direct ownership in the company (SEC Form 4)

$MODN Leadership Updates

Live Leadership Updates

GrubMarket Appoints Mark Tisdel as New Independent Board Member

Scott Reese Named CEO of GE Digital

Sayari Labs Appoints Edward Sander as Chief Product Officer

$MODN Analyst Ratings

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Model N downgraded by JMP Securities

Model N downgraded by JP Morgan with a new price target

Model N downgraded by BTIG Research

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