MODEL N, INC. - MODN STOCK NEWS

Model N (NYSE: MODN) announced that Octapharma USA has adopted its Revenue Management Cloud for Life Sciences, enhancing revenue processes amid the COVID-19 pandemic. Octapharma aims to improve accuracy and efficiency in its revenue management, anticipating cost savings and increased revenue. The selection reflects a broader industry trend among life sciences firms facing revenue leakage and pricing complexities. Model N's solutions are designed for scalability and cost-effectiveness, providing critical support for companies seeking to maximize revenue potential.

Model N announced the completion of its acquisition of Deloitte's life sciences pricing and contracting solutions business for approximately $60 million in cash. This strategic move aims to enhance Model N's offerings, deepen industry expertise, and expand its addressable market. The acquisition positions Model N to provide cloud-native software solutions to life sciences companies of all sizes, from pre-commercial to large enterprises, thereby increasing cross-sell opportunities. CEO Jason Blessing highlighted the acquisition's importance in strengthening Model N's revenue management solutions.

Model N, Inc. (NYSE: MODN) announced John Ederer as the new Chief Financial Officer, bringing over 25 years of financial leadership experience. Ederer has held senior roles at notable companies like K2 Software and SAP. His responsibilities will include overseeing all financial management activities, ensuring the company is well-positioned for growth. President and CEO Jason Blessing expressed excitement about Ederer's appointment, highlighting his ability to lead finance teams effectively. Ederer's expertise aims to enhance Model N's solutions for life sciences and high-tech companies, driving revenue growth.

Model N, Inc. (NYSE: MODN) announced its acquisition of Deloitte's life sciences pricing and contracting solutions business for $60 million in cash. This strategic move expands Model N's market reach, allowing it to better serve pre-commercial life sciences companies and enhance its existing customer base. The deal is expected to close in late December 2020, with no immediate impact on Q1 fiscal 2021 results. Model N's CEO emphasized the acquisition's potential to drive growth throughout the revenue lifecycle and improve overall market share in the life sciences sector.

Model N, Inc. (NYSE: MODN) has appointed Manisha Shetty Gulati, COO of Clarify Health Solutions, to its Board of Directors. Gulati brings extensive experience in life sciences and healthcare, with a strong record in strategic growth and operational excellence. She has been pivotal in launching five new software applications at Clarify and has previously held senior roles at McKinsey. Her leadership is expected to guide Model N in achieving profitable growth and enhancing its strategic direction as it continues to support its customers in maximizing revenue and maintaining compliance.

Model N, Inc. (NYSE: MODN) announced that CEO Jason Blessing will present at the Raymond James Technology Investors Conference on December 7, 2020, at 8:30 am PT (11:30 am ET). Investors can access a live webcast of the presentation on the Model N investor relations page.

Model N specializes in cloud revenue management solutions for life sciences and high-tech sectors, helping companies minimize revenue leakage. The firm’s integrated solutions automate pricing and contract decisions, enhancing control over commercial operations. Model N serves leading companies like Johnson & Johnson and AstraZeneca across 120 countries.

Model N (NYSE: MODN) has announced its Fall 2020 product release, enhancing its Revenue Cloud for High Tech with new revenue management features including advanced artificial intelligence (AI) and machine learning (ML) capabilities. The release aims to help high tech companies optimize revenue growth and manage pricing, deals, and channel performance more effectively. Key features include price optimization, efficient data submission for channel partners, and rebate management. The company emphasizes the importance of these solutions in a competitive landscape with shrinking margins.

Model N, Inc. (NYSE: MODN) reported strong financial results for Q4 and fiscal year 2020, ending September 30, 2020. Total revenues reached $41.5 million, up 13% year-over-year, with subscription revenues increasing 8% to $29.7 million. Gross profit rose by 27% to $24.9 million, achieving a gross margin of 60%. Non-GAAP net income jumped 15% to $5.1 million, translating to a non-GAAP net income per share of $0.14. The company anticipates continued growth in fiscal year 2021, despite the ongoing challenges posed by COVID-19.

Model N, Inc. (NYSE: MODN) has entered into a partnership with Channel Impact, enhancing its cloud revenue management solutions for high-tech firms. This collaboration aims to integrate Model N's Revenue Cloud with Channel Impact's consulting services, enabling companies to optimize channel strategies and execution. The partnership is expected to improve revenue results for clients by automating deal processes, managing channel incentives, and offering advanced data management solutions. Channel Impact's extensive experience with various tech firms complements Model N's capabilities in revenue management.