Model N, Inc. provides revenue management cloud solutions for the life sciences and high tech industries. 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; and Rebates Management, which centralizes control of rebate programs. In addition, the company offers Channel Data Management that automates the process of collection, cleansing, validation, and standardization of channel partner data, such as POS, inventory, and claims; and Configure Price Quote, which streamlines the quote to contract process by enabling the configuration of complex services, bundles, and solutions into a single interface; and Contract Lifecycle Management that enables users to create and manage contracts directly. Further, it provides implementation, managed, strategic, and customer support services. It primarily serves large and mid-sized organizations worldwide through its direct sales force. Model N, Inc. was founded in 1999 and is headquartered in San Mateo, California.
IPO Year: 2013
Exchange: NYSE
Website: modeln.com
| 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 |
| 12/14/2021 | $38.00 | Neutral → Overweight | JP Morgan |
| 11/10/2021 | $50.00 → $45.00 | Buy | Needham |
JMP Securities downgraded Model N from Mkt Outperform to Mkt Perform
JP Morgan downgraded Model N from Overweight to Neutral and set a new price target of $25.00 from $30.00 previously
BTIG Research downgraded Model N from Buy to Neutral
Jefferies initiated coverage of Model N with a rating of Hold and set a new price target of $40.00
Goldman initiated coverage of Model N with a rating of Buy and set a new price target of $45.00
RBC Capital Mkts initiated coverage of Model N with a rating of Sector Perform and set a new price target of $35.00
Morgan Stanley initiated coverage of Model N with a rating of Overweight and set a new price target of $43.00
Needham reiterated coverage of Model N with a rating of Buy and set a new price target of $34.00 from $45.00 previously
JP Morgan upgraded Model N from Neutral to Overweight and set a new price target of $38.00
Needham reiterated coverage of Model N with a rating of Buy and set a new price target of $45.00 from $50.00 previously
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.
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
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
Model N, Inc. (NYSE:MODN), the leader in revenue optimization and compliance, plans to announce financial results for the first quarter fiscal year 2024 after market close on Tuesday, February 6, 2024. Model N will host a webcast at 2:00pm PT (5:00pm ET) on Tuesday, February 6, 2024 to discuss the results. The news release with the financial results and a link to the webcast will be accessible at the MODN investor relations website (investor.modeln.com). A replay of the webcast will also be available on MODN's investor relations website. About Model N Model N is the leader in revenue optimization and compliance for pharmaceutical, medtech and high-tech innovators. Our intelligent pl
Total Fiscal Year Revenue Grew 14% Year-over-Year SaaS ARR Grew 20% Year-over-Year Model N, Inc. (NYSE:MODN), the leader in cloud revenue management solutions, today announced financial results for the fourth quarter and fiscal year 2023 ended September 30, 2023. "2023 was a pivotal year in our business model transition as we continued our path to convert our remaining customers to the cloud. During the fourth quarter, we signed five SaaS transitions, closed numerous deals in our customer base, and saw strong pipeline growth for new logos. Our professional services team continues to deliver stellar results including generating best-in-class service margins," stated Jason Blessing, pre
Model N, Inc. (NYSE:MODN), the leader in revenue optimization and compliance, plans to announce financial results for the fourth quarter and fiscal year 2023 after market close on Thursday, November 9, 2023. Model N will host a webcast at 2:00pm PT (5:00pm ET) on Thursday, November 9, 2023 to discuss the results. The news release with the financial results and a link to the webcast will be accessible at the MODN investor relations website (investor.modeln.com). A replay of the webcast will also be available on MODN's investor relations website. About Model N Model N is the leader in revenue optimization and compliance for pharmaceutical, medtech and high-tech innovators. Our intelli
Total Revenue Grew 13% Year-over-Year SaaS ARR Grew 28% Year-over-Year Model N, Inc. (NYSE:MODN), the leader in cloud revenue management solutions, today announced financial results for the third quarter of fiscal year 2023 ended June 30, 2023. "Our third quarter results beat expectations across the board – we exceeded guidance for total revenue, subscription revenue, and professional services revenue. Overall, Q3 was another strong quarter and underscores our commitment to driving profitable growth," said Jason Blessing, president and chief executive officer of Model N. "A key highlight during the quarter was our 19th annual customer conference, Rainmaker. Our customers, team members
Model N, Inc. (NYSE:MODN), the leader in revenue optimization and compliance, plans to announce financial results for the third quarter of fiscal year 2023 after market close on Tuesday, August 8, 2023. The company also plans to host a conference call that day at 2:00 p.m. PT (5:00 p.m. ET) to review its financial results and business outlook. The conference call can be accessed by dialing 877-407-4018 from the United States or +1-201-689-8471 internationally with reference to the company name and conference title. A live webcast and replay of the conference call can be accessed from the investor relations page of Model N's website at investor.modeln.com. Following the completion of the c
Total Revenue Grew 18% Year-over-Year SaaS ARR Grew 40% Year-over-Year Model N, Inc. (NYSE:MODN), the leader in cloud revenue management solutions, today announced financial results for the second quarter of fiscal year 2023 ended March 31, 2023. "Our second quarter results beat expectations across the board – we exceeded guidance for total revenue, subscription revenue, and professional services revenue. Q2 also underscores our commitment to driving profitable growth, with adjusted EBITDA growth of 39% year-over-year," said Jason Blessing, president and chief executive officer of Model N. "Overperformance in Q2 was driven by a healthy contribution from all areas of the business. We s
Model N, Inc. (NYSE:MODN), a leading provider of cloud revenue management solutions for life sciences and high tech companies, plans to announce financial results for the second quarter of fiscal year 2023 after market close on Tuesday, May 9, 2023. The company also plans to host a conference call that day at 2:00 p.m. PT (5:00 p.m. ET) to review its financial results and business outlook. The conference call can be accessed by dialing 877-407-4018 from the United States or +1-201-689-8471 internationally with reference to the company name and conference title. A live webcast and replay of the conference call can be accessed from the investor relations page of Model N's website at investo
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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.
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,
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
SAN MATEO, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Model N (NYSE:MODN), the leader in revenue optimization and compliance has introduced a critical product enhancement that supports evolving compliance needs around the Inflation Reduction Act (IRA). The company has introduced a new Medicare Part D inflation rebate-per-unit, ensuring pharma manufacturers remain compliant with impending IRA regulation and avoid significant revenue loss. "The Inflation Reduction Act introduces sweeping changes for drug pricing and Medicare programs, and our goal is to empower customers to stay ahead of these shifts," said Suresh Kannan, Chief Product Officer at Model N. "As our life sciences customers prep
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.
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
ClearBridge Investments, Inc. has sent a letter to the Chairman of the Board of Model N, Inc. (NYSE:MODN). The purpose of the letter is to urge Model N's Board of Directors to reconsider its recently announced agreement to be acquired by Vista Equity Partners. The full text of the letter follows. Jeffrey Bailin and Aram Green ClearBridge Investments, LLC 620 8th Avenue, 48th Floor New York, NY 10018 April 15, 2024 Baljit Dail Model N, Inc. 777 Mariners Island Boulevard, Suite 300 San Mateo, CA 94404 Dear Mr. Dail and Members of the Model N Board of Directors, We are writing on behalf of several strategies at ClearBridge Investments, a $188 billion global equity manager, to offer
Model N Stockholders to Receive $30.00 Per Share in Cash Model N (NYSE:MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. The purchase price represents a premium of approximately 23% over Model N's 30-trading-day
SAN MATEO, Calif, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Model N, Inc. (NYSE:MODN), the leader in cloud revenue management solutions, today announced that Model N management will present at the following investor conferences: Morgan Stanley TMT Conference. This presentation is scheduled for Monday, March 4, 2024 at 2:55 p.m. PT (5:55 p.m. ET).JMP Securities Technology Conference. This presentation is scheduled for Tuesday, March 5, 2024 at 9:00 a.m. PT (12:00 p.m. ET). A webcast of the live and replay presentation will be accessible from the investor relations page of the Model N website at https://investor.modeln.com/. About Model N Model N is the leader in revenue optimization a
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
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JMP Securities analyst Joe Goodwin reiterates Model N (NYSE:MODN) with a Market Perform.
Needham analyst Ryan MacDonald reiterates Model N (NYSE:MODN) with a Hold.
JMP Securities analyst Joe Goodwin reiterates Model N (NYSE:MODN) with a Market Perform.
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.
Model N (NYSE:MODN) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.28 by 14.29 percent. The company reported quarterly sales of $65.111 million which beat the analyst consensus estimate of $64.325 million by 1.22 percent. This is a 4.00 percent increase over sales of $62.604 million the same period last year.
In the latest quarter, 4 analysts provided ratings for Model N (NYSE:MODN), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 4 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $30.0, a high estimate of $30.00, and a low estimate of
JMP Securities analyst Joe Goodwin reiterates Model N (NYSE:MODN) with a Market Perform.
Needham analyst Ryan MacDonald reiterates Model N (NYSE:MODN) with a Hold.
ClearBridge Investments, Inc. has sent a letter to the Chairman of the Board of Model N, Inc. (NYSE:MODN). The purpose of the letter is to urge Model N's Board of Directors to reconsider its recently announced agreement to be acquired by Vista Equity Partners.Dear Mr. Dail and Members of the Model N Board of Directors,We are writing on behalf of several strategies at ClearBridge Investments, a $188 billion global equity manager, to offer our thoughts on the proposed acquisition of Model N by Vista Equity Partners. We own 6.97% of the outstanding common stock of Model N as of Dec. 31, 2023. We believe the proposed acquisition materially undervalues Model N's outlook as a public company or val
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
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
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
SAN MATEO, Calif.--(BUSINESS WIRE)--Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced the appointment of Manisha Shetty Gulati, Chief Operating Officer (COO) at Clarify Health Solutions, to its Board of Directors. “Manisha has deep experience across the life sciences and healthcare landscape, with a strong understanding of these dynamic, complex markets both in the US and internationally,” commented Model N’s President and Chief Executive Officer, Jason Blessing. “She also brings a unique mix of strategic industry thinking along with passion and leadership to the board and we are excited to have her join the team.” Gulati has a strong
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