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. (NYSE: MODN) is a leader in cloud-based revenue management solutions that transform complex business processes into streamlined operations. The company’s mission is to drive essential business processes such as configure, price, and quote (CPQ), contract and rebate management, business intelligence, and regulatory compliance. This transformation is achieved by turning the revenue lifecycle from a series of disconnected operations into a cohesive, end-to-end strategic process.
Model N caters to life sciences, technology, and manufacturing industries, providing solutions that meet the complex needs of some of the world's leading brands, including Johnson & Johnson, AstraZeneca, Boston Scientific, Novartis, Microchip Technology, and ON Semiconductor. Its offerings are utilized in over 100 countries, ensuring robust global reach and impact.
The company's flagship products include the Revenue Cloud for Life Sciences and the Revenue Cloud for High Tech. These platforms are designed to enhance revenue and operational efficiency while complying with stringent regulatory requirements. They enable the creation and execution of contracts, modernize sales processes, and strategically manage the revenue lifecycle.
Model N has recently launched Price Management, a new solution aimed at semiconductor, electronic component, and high-tech manufacturers to manage price execution across various sales channels globally. This solution integrates with Model N's Deal Management to provide a comprehensive pricing update system, ensuring real-time data alignment with market realities and regulatory compliance.
Additionally, the company's 2024 State of Revenue Report highlights the priorities and challenges faced by executives in pharmaceutical, medical technology, and high-tech manufacturing sectors. Key findings include the emphasis on advanced analytics and AI to improve process efficiency and cost-saving measures, while addressing issues like supply chain disruptions and regulatory changes.
Model N is currently undergoing a significant transition, with a pending acquisition by Vista Equity Partners, announced in April 2024. Despite this, the company remains focused on its core mission, providing innovative solutions to drive revenue optimization and compliance for its esteemed clientele.
For more information, visit www.modeln.com.
Model N, a leader in cloud revenue management solutions, has launched its Fall 2021 product release featuring key updates to its Revenue Cloud platform. This update focuses on enhancing compliance for life sciences companies while introducing a mobile experience for biotech and pharmaceutical firms. New functionalities for high-tech manufacturers include improved data management and integration with Salesforce Communities. Model N aims to help clients navigate complex regulations and drive growth by minimizing revenue leakage.
Model N, Inc. (NYSE: MODN) reported a strong Q4 for fiscal 2021, with total revenues of $51.5 million, up 24% YoY, and subscription revenues reaching $38.2 million, an increase of 29% YoY. The company highlighted strong performance in its Life Sciences and High Tech verticals, securing new agreements and SaaS transitions. However, GAAP net loss widened to $(6.1) million from $(3.7) million YoY. For FY 2021, total revenues were $193.4 million, a 20% increase. Looking ahead, guidance for Q1 FY 2022 projected revenues between $49.5 and $50 million, and for the full year, between $211 and $214 million.
Model N, Inc. (NYSE: MODN) will announce its fourth quarter and fiscal year 2021 financial results on November 9, 2021, post-market. A conference call is scheduled for 2:00 p.m. PT to discuss the outcomes and provide a business outlook. Model N specializes in cloud revenue management solutions, catering to life sciences and high-tech industries to enhance growth and minimize revenue leakage. The company supports major players across 120 countries, enabling automation in pricing and contract decisions.
Model N, Inc. (NYSE: MODN) has been recognized as a Leader in the IDC MarketScape: Worldwide B2B Price Optimization and Management Applications 2021 Vendor Assessment. The report highlights Model N's strengths in pricing control and channel management specifically for the high-tech industry. Customers praised Model N for its comprehensive features tailored to their future needs, focusing on pricing dynamics and deal factors. This acknowledgment reflects Model N's commitment to innovation and cloud investment.
Model N, Inc. (NYSE: MODN), a leader in cloud revenue management solutions, announced that CFO John Ederer will present at the Jefferies Virtual Software Conference on September 14, 2021, at 1:30 p.m. PT (4:30 p.m. ET). The presentation will be accessible via webcast from Model N's investor relations page at investor.modeln.com. Model N provides solutions to minimize revenue leakage for life sciences and high-tech companies, trusted by industry leaders like Johnson & Johnson and AstraZeneca.
Model N, Inc. (NYSE: MODN) reported strong financial results for Q3 FY2021, with total revenues reaching $51.0 million, a 24% increase year-over-year. Subscription revenues grew 26% to $36.9 million. The company raised its full-year guidance due to successful growth in Life Sciences and High Tech verticals, including new customer additions and SaaS transitions. However, GAAP net loss increased to $(7.8) million, with a loss per share of $(0.22). Non-GAAP metrics showed improvement, with net income at $5.7 million, up 11%.
Model N, Inc. (NYSE: MODN) plans to announce its third quarter fiscal year 2021 financial results on August 9, 2021, post-market close. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and the business outlook. The call can be accessed via phone and will be available for replay. Model N specializes in cloud revenue management solutions for life sciences and high-tech sectors, optimizing revenue and compliance for major global companies.
Model N (NYSE: MODN) has launched a new Deal Management solution within its Revenue Cloud for Life Sciences. This offering aims to enhance the order-to-cash process by connecting sales staff with operations teams. Key benefits include improved revenue management, real-time pricing visibility, and actionable sales analytics. The tool helps life sciences companies optimize customer interactions and streamline contract execution, ultimately driving topline revenue growth. Model N's solution is positioned as a leading SaaS product tailored for the life sciences sector, addressing unique market pressures.
Model N, Inc. (NYSE: MODN) announced its Spring 2021 release of Model N Revenue Cloud for Life Sciences, introducing new capabilities to enhance pricing accuracy and streamline healthcare provider management. The update features advanced membership management, integration of competitor pricing data, and improved regulatory compliance tools. These innovations aim to help life sciences companies reduce revenue leakage and improve competitiveness. Model N underscores its commitment to support customers throughout the revenue lifecycle, facilitating better financial outcomes.
Model N (NYSE: MODN) has launched its Spring 2021 release for the Model N Revenue Cloud, enhancing cloud revenue management solutions for high tech firms. Key features include AI-driven insights for pricing decisions, improved partner channel efficiency, and expanded rebate management. This update aims to reduce pricing complexity while maximizing profitability through intelligent automation. The company continues to deliver innovative solutions that enhance operational effectiveness and revenue growth, gaining recognition from industry analysts for its contributions to channel performance.
FAQ
What is the current stock price of MODEL N (MODN)?
What is the market cap of MODEL N (MODN)?
What does Model N, Inc. specialize in?
What are the main products offered by Model N?
Which industries does Model N serve?
What is the latest product launched by Model N?
What is Model N’s 2024 State of Revenue Report about?
Where does Model N generate most of its revenue?
Who are some of Model N’s notable clients?
What significant corporate event is Model N currently undergoing?
How does Model N address regulatory compliance for pharmaceuticals?
How can I learn more about Model N’s products and services?
