Model N was founded in 1999 and is headquartered in Redwood City, US

Model N has offices in Redwood City, Waltham, Chicago, Lincolnshire and in 6 other locations

Redwood City, US (HQ)

400 1600 Seaport Blvd

Chertsey, GB

3000 Hillswood Dr.

Genève, CH

14 Rue Du Rhône

Princeton, US

202 500 College Rd E

Irvine, US

19100 Von Karman Ave

Denver, US

1200 1875 Lawrence St

Lincolnshire, US

166 250 Parkway Dr

Chicago, US

1000 200 S Michigan Ave

Waltham, US

1432 Main St

## Revenue (2016) | $107 m |

## Revenue growth (2015-16), % | 14% |

## Gross profit | $53.3 m |

## Gross profit margin (2016), % | 50% |

## Net income (2016) | ($33.1 m) |

## Market capitalization (28-Apr-2017) | $301.5 m |

## Closing share price (28-Apr-2017) | $10.7 |

## Cash (30-Sep-2016) | $66.1 m |

Model N's current market capitalization is $301.5 m.

Model N's revenue was reported to be $107 m in 2016 which is a **14% increase** from the previous period.

Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | Y, 2016^{} | |
---|---|---|---|---|

## Revenue | $101.9 m | $81.8 m | $93.8 m | $107 m |

## Revenue growth, % | (20%) | 15% | 14% | |

## Cost of goods sold | $46.2 m | $37.7 m | $41.6 m | $53.7 m |

## Gross profit | $55.7 m | $44 m | $52.2 m | $53.3 m |

## Gross profit Margin, % | 55% | 54% | 56% | 50% |

## Operating expense total | $55.2 m | $64.4 m | $71.3 m | $86 m |

## EBIT | $528 k | ($20.4 m) | ($19.1 m) | ($32.7 m) |

## EBIT margin, % | 1% | (25%) | (20%) | (31%) |

## Interest expense | $357 k | |||

## Interest income | $50 k | |||

## Pre tax profit | ($487 k) | ($20.5 m) | ($19.1 m) | ($32.8 m) |

## Income tax expense | $439 k | $384 k | $528 k | $335 k |

## Net Income | ($926 k) | ($20.9 m) | ($19.6 m) | ($33.1 m) |

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|

## Cash | $103.4 m | $101 m | $91 m | $66.1 m |

## Accounts Receivable | $16.1 m | |||

## Inventories | ||||

## Current Assets | $123.5 m | $118.9 m | $111 m | $92.8 m |

## PP&E | $7.9 m | $6.9 m | $7.6 m | $6.1 m |

## Goodwill | $1.5 m | $1.5 m | $1.5 m | $6.9 m |

## Total Assets | $134.5 m | $129.1 m | $122 m | $113 m |

## Accounts Payable | $468 k | $1.4 m | $1.6 m | $3.3 m |

## Current Liabilities | $36.7 m | $36.5 m | $36.1 m | $44.2 m |

## Additional Paid-in Capital | $156 m | $172.2 m | $186.2 m | $202.5 m |

## Retained Earnings | ($62.1 m) | ($83 m) | ($102.6 m) | ($135.7 m) |

## Total Equity | $93.6 m | $89 m | $83.1 m | $66.2 m |

## Financial Leverage | 1.4 x | 1.5 x | 1.5 x | 1.7 x |

FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} | |
---|---|---|---|---|

## Net Income | ($926 k) | ($20.9 m) | ($19.6 m) | ($33.1 m) |

## Depreciation and Amortization | $1.9 m | $3.4 m | $4.1 m | $5.9 m |

## Accounts Receivable | ($3.7 m) | $983 k | ($925 k) | ($2.9 m) |

## Inventories | ||||

## Accounts Payable | $264 k | $685 k | $457 k | $1.5 m |

## Cash From Operating Activities | ($414 k) | ($6.1 m) | ($8.8 m) | ($12.3 m) |

## Purchases of PP&E | ($1.4 m) | ($1.8 m) | ($2.1 m) | ($2.1 m) |

## Cash From Investing Activities | ($5.1 m) | ($2.2 m) | ($4.6 m) | ($15.8 m) |

## Cash From Financing Activities | $93.2 m | $5.9 m | $3.5 m | $3.3 m |

## Interest Paid | $298 k | $11 k | ||

## Income Taxes Paid | $270 k | $246 k | $364 k | $233 k |

Source: 207 public H-1B filings from Model N