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Model N Inc - MODN STOCK NEWS

Welcome to our dedicated page for Model N news (Ticker: MODN), a resource for investors and traders seeking the latest updates and insights on Model N stock.

Model N Inc (MODN:NYSE) delivers cloud-based revenue management solutions for regulated industries. This hub provides investors and professionals with essential updates on corporate developments, financial performance, and regulatory compliance strategies.

Access official press releases alongside curated analysis of earnings reports, product innovations, and strategic partnerships. Our coverage spans critical areas including pricing optimization systems, government-mandated compliance updates, and enterprise contract management solutions.

Key content categories include quarterly financial disclosures, leadership announcements, technology platform enhancements, and market expansion initiatives. All materials maintain strict editorial neutrality while emphasizing MODN's role in transforming revenue lifecycle management.

Bookmark this page for streamlined access to Model N's latest business developments. Combine real-time updates with historical context to inform your analysis of this compliance technology leader.

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Model N has been named one of the 2024-2025 Best Companies to Work For by U.S. News & World Report, which recognizes top companies based on employee needs. The evaluation criteria included employee sentiment on pay, benefits, career opportunities, professional development, work-life balance, and stability. Model N achieved a perfect score in work-life balance and stability, reflecting a positive and inclusive workplace culture. Chief People Officer Laura Selig emphasized that the recognition is a testament to the team's dedication and the trust established with employees. The 2024-2025 list, which considered 549 companies, was compiled using data from multiple sources, including Glassdoor reviews and insights from partners like Revelio Labs, Good Jobs First, and QUODD. For more information on Model N's culture, visit modeln.com/company/culture.

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Model N (NYSE: MODN) announced the launch of two integrated data solutions, Syndicated Customer Master and Formulary Compliance, to support life sciences manufacturers in revenue optimization and compliance. Introduced on June 11, 2024, these solutions were developed in close collaboration with industry leaders to address data accuracy, contract adherence, and patient access.

Syndicated Customer Master aims to enhance master data quality, streamline rebate and chargeback accuracy, and improve customer satisfaction by integrating third-party data. Formulary Compliance helps manufacturers navigate complex drug plans, ensuring patient access, optimizing revenue, and strengthening relationships with payers.

Both solutions will be showcased at Model N's Rainmaker conference, held from June 10-12 in Austin, Texas.

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Model N (NYSE: MODN) has been recognized as one of the 2024 Best Workplaces in the Bay Area by Great Place to Work® and Fortune Media. This marks the second consecutive year the revenue optimization leader has earned this honor. The selection was based on more than 80,000 confidential employee survey responses, which assessed various aspects of their workplace experience. Chief People Officer Laura Selig highlighted the company's commitment to giving employees a voice and elevating their workplace experience. Model N was also named a 2023 Best Workplace for Millennials and holds Great Place to Work Certification™ in the U.S. and India through October 2024.

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Model N introduces a new rebate enhancement to help pharma manufacturers comply with the Inflation Reduction Act. The enhancement ensures compliance with impending IRA regulations and prevents revenue loss. Model N's latest product innovation addresses the market's need for calculating and processing Medicare Part D inflation rebates, important for pharma executives preparing for revenue impacts from the IRA.

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Model N, Inc. (NYSE: MODN) announced its financial results for the second quarter of fiscal year 2024, showing positive revenue growth. Total revenues reached $65.1 million, a 4% increase from the same quarter last year. Subscription revenues were $49.2 million, up by 9%. The company reported a gross profit of $37.2 million, a 6% increase, with a gross margin of 57%. Non-GAAP gross profit was $39.8 million, up by 5%. The company reported a GAAP loss from operations of $2.6 million and a net loss of $1.4 million. Non-GAAP net income was $9.4 million, a 38% increase. Adjusted EBITDA was $10.9 million, up by 18%. SaaS ARR grew by 11% year-over-year, reaching $139.1 million. Total RPO balance was $367.9 million, up by 9% year-over-year. The company's acquisition by Vista Equity Partners was announced, leading to the suspension of financial guidance for the third quarter and full fiscal year 2024.

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Model N, Inc. (NYSE: MODN) to announce Q2 fiscal year 2024 financial results on May 6, 2024, without a conference call due to pending acquisition by Vista Equity Partners. Model N specializes in revenue optimization and compliance for industries like pharmaceutical, medtech, and high-tech. The company offers an integrated platform for pricing, incentive, and contract automation, trusted by industry giants globally.

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ClearBridge Investments, Inc. has sent a letter urging Model N, Inc. to reconsider the proposed acquisition by Vista Equity Partners. ClearBridge Investments owns 6.97% of Model N's outstanding common stock and believes the acquisition undervalues the company's potential.
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Model N (NYSE: MODN) to be acquired by Vista Equity Partners for $30.00 per share in a $1.25 billion all-cash transaction, representing a 23% premium over the 30-trading-day volume weighted average share price. The acquisition aims to provide immediate cash value to stockholders and enhance revenue optimization and compliance solutions.
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Model N, Inc. (MODN) is set to present at investor conferences, including Morgan Stanley TMT Conference and JMP Securities Technology Conference. The presentations are scheduled for March 4 and 5, 2024, respectively. The webcast will be available on the Model N website.
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Model N, Inc. (NYSE: MODN) reported an 8% year-over-year growth in subscription revenue and a 16% growth in SaaS ARR for the first quarter of fiscal year 2024. The company exceeded guidance for total revenue, subscription revenue, professional services revenue, and adjusted EBITDA. The strong performance was attributed to new logos, SaaS transition closure, customer base expansions, and solid renewals. President and CEO Jason Blessing emphasized the focus on driving profitable growth and expressed optimism for the future.
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NYSE:MODN

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MODN Stock Data

1.18B
36.65M
6.34%
92.71%
10.72%
Software - Application
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United States
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