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

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

Numbers are in $, USD

## Revenue (Y, 2016) | 107 m |

## Revenue growth (Y, 2015 - Y, 2016), % | 14% |

## Gross profit (Y, 2016) | 53.3 m |

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

## Net income (Y, 2016) | (33.1 m) |

## EBIT (Y, 2016) | (32.7 m) |

## Market capitalization (21-Jun-2017) | 377.3 m |

## Closing share price (21-Jun-2017) | 13 |

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

Model N's current market capitalization is $377.3 m.

Numbers are in $, USD | 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) |

Numbers are in $, USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

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

## Accounts Receivable | 16.1 m | |||

## 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 |

Numbers are in $, USD | 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) |

## 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 |

Y, 2016 | |
---|---|

## Financial Leverage | 1.7 x |

Model N's Enterprise Customers was reported to be 150 in Feb, 2017. Model N's Customers was reported to be 122 in FY, 2016, which is a 45% increase from the previous period. Model N's Patent Applications was reported to be 6 in FY, 2016, which is a 20% increase from the previous period

- Source: SEC Filings

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