Revenue Update on Model N Inc(NYSE:MODN)

Model N Inc(NYSE:MODN) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $28.063M. Analysts estimated a revenue of $27.320M. The revenues were 2.72% above the estimates. Earnings per share were $-0.15. The reported EPS was above estimates by 11.76%. Analysts had estimated an EPS of $-0.17.

In a different note, On Dec 13, 2016, Craig-Hallum said it Downgrades its rating on Model N Inc. According to the research note, Craig-Hallum Lowers the price target to $10 per share from a prior target of $14. The shares have been rated ‘Hold’ by the firm.

Model N Inc (MODN) made into the market gainers list on Tuesdays trading session with the shares advancing 5.43% or 0.5 points. Due to strong positive momentum, the stock ended at $9.7, which is also near the day’s high of $10.9. The stock began the session at $10 and the volume stood at 6,80,426 shares. The 52-week high of the shares is $13.9799 and the 52 week low is $6.975. The company has a current market capitalization of $273 M and it has 2,81,06,356 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 17, 2016, Christopher Larsen (SVP and Chief Customer Officer) sold 8,523 shares at $8.53 per share price.Also, On Aug 18, 2016, Eric Carrasquilla (SVP, Product Management) sold 4,031 shares at $10.61 per share price.On May 18, 2016, Mark Tisdel (SVP & Chief Financial Officer) sold 10,528 shares at $10.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Model N Inc is a United States-based company which provides revenue management solutions for the life science and technology industries. The Company’s solutions enable its customers to maximize revenue and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical disjointed operations into a strategic end-to-end process. Its customers use its application suites to manage functions such as pricing contracting incentives and rebates. The Company offers Model N Cloud a revenue management software-as-a-service (SaaS) solution that provides access to the revenue management platform for organizations to manage their revenue life cycles across various product lines divisions and countries; and Model N Education for providing instructor-led classroom training in Redwood Shores California and Princeton New Jersey.

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