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, Inc. (NYSE: MODN) has announced its participation in several significant virtual investor conferences. These events include the 16th Annual Needham Virtual Technology & Media Conference on May 17, 2021, the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, and the Baird 2021 Global Consumer, Technology & Services Conference on June 10, 2021. Live webcasts and replays will be available on Model N's investor relations page.
Model N, Inc. (MODN) announced its second quarter fiscal 2021 results, reporting revenues of $48.2 million, a 21% increase year-over-year. Subscription revenues rose 24% to $35.9 million. The acquisition of Business Services from Deloitte contributed $6.5 million in revenues. Gross profit was $24.8 million with a gross margin of 51%. GAAP net loss was $(10.7 million), translating to a loss of $(0.30) per share. The company provided guidance of total revenues between $48.5 million and $49.0 million for Q3 2021 and $189.0 million to $190.0 million for the full year.
Model N (NYSE: MODN) has partnered with Channelnomics to enhance cloud revenue management solutions for high-tech firms. This collaboration will leverage Model N's channel solutions with Channelnomics' strategic services, empowering clients to design effective channel strategies and improve revenue results. Joint customers can expect improved execution through integrated offerings, including Channel Incentives and Channel Data Management solutions. This partnership aims to optimize channel experience and financial control over incentive types, ultimately driving profitability.
Model N (NYSE: MODN) has announced a significant partnership with Global Pricing Innovations (GPI) to enhance life sciences revenue management. This collaboration integrates Model N's Revenue Cloud with GPI's analytics and consulting services, aimed at improving global pricing strategies for pharmaceutical companies. The partnership is expected to deliver measurable revenue benefits and streamlined decision-making processes for clients. Both companies emphasize the importance of integrating data-driven insights to optimize market access and pricing strategies effectively.
Model N, Inc. (NYSE: MODN) will announce its financial results for Q2 FY2021 on May 10, 2021, after market close. A conference call to discuss these results and future outlook is scheduled for the same day at 2:00 p.m. PT / 5:00 p.m. ET. Interested parties can access the call by dialing the respective numbers provided for the U.S. and international participants. Model N specializes in cloud revenue management solutions for life sciences and high tech sectors, helping clients effectively manage revenue and compliance.
Model N, Inc. (NYSE: MODN), a leader in cloud revenue management, announced that Jason Blessing, CEO, and John Ederer, CFO, will present at the JMP Securities Technology Conference on March 1, 2021, at 8:30 a.m. PT (11:30 a.m. ET). Investors can access live webcasts of the presentations via the investor relations page at https://investor.modeln.com/. Model N specializes in providing solutions for life sciences and high-tech companies, helping them minimize revenue leakage and drive growth.
Model N (NYSE: MODN) reported first-quarter fiscal year 2021 results, achieving record revenue of $42.7 million, an 11% increase year-over-year. Subscription revenue rose 12% to $31.4 million, with a gross profit of $25.6 million, up 16%. The company incurred a GAAP net loss of $(5.2) million, marking a decline from $(3.0) million a year ago. The recent acquisition of Deloitte's pricing services is expected to enhance their market position. Model N forecasts second-quarter revenues between $46.0 - $46.5 million.
Model N (NYSE: MODN) has released findings from a Forrester Consulting study focusing on revenue management and channel strategy in high-tech manufacturing and B2B software. Surveying 211 senior leaders, it highlighted challenges in automating channel revenue processes despite their perceived value. Over 70% of respondents recognized automation's importance in management areas like incentive and rebate management.
The study indicates that firms face obstacles such as short product lifecycles (53%) and reliance on manual processes (33%), affecting sales data quality and profitability.
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?
