Model N (MODN) stock price, revenue, and financials

Model N market cap is $1.3 b, and annual revenue was $141.24 m in FY 2019

$1.3 B

MODN Mkt cap, 15-Jan-2021

$41.3 M

Model N Revenue Q3, 2020
Model N Gross profit (Q3, 2020)25.2 M
Model N Gross profit margin (Q3, 2020), %61%
Model N Net income (Q3, 2020)-2.4 M
Model N EBIT (Q3, 2020)-380 K
Model N Cash, 30-Jun-2020192.4 M
Model N EV1.3 B

Model N Revenue

Model N revenue was $141.24 m in FY, 2019

Embed Graph

Model N Income Statement

Quarterly

USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

24.6m27.2m21.6m20.7m19.3m22.1m22.7m23.6m24.5m26.1m27.9m28.1m33.3m34.2m39.1m39.2m39.6m35.1m34.8m34.7m38.4m40.0m41.3m

Cost of goods sold

11.6m12.4m9.9m9.8m9.1m9.5m9.6m10.9m12.4m13.8m13.9m13.8m16.0m15.8m16.8m17.3m16.4m16.6m16.7m15.9m16.4m16.5m16.1m

Gross profit

13.0m14.9m11.6m10.8m10.2m12.6m13.1m12.7m12.1m12.2m14.1m14.2m17.2m18.5m22.3m22.0m23.2m18.5m18.1m18.8m22.0m23.5m25.2m

Gross profit Margin, %

53%55%54%52%53%57%58%54%49%47%50%51%52%54%57%56%58%53%52%54%57%59%61%

Sales and marketing expense

5.8m5.3m5.3m6.3m6.7m6.7m7.9m7.7m7.7m8.3m8.0m8.7m11.6m10.7m8.5m9.0m9.3m8.1m8.6m7.2m9.0m11.0m9.7m

R&D expense

4.5m4.1m4.9m4.7m4.8m4.5m4.3m4.4m5.3m6.2m6.2m6.0m8.9m8.4m9.1m8.0m7.7m7.4m7.4m7.1m8.5m9.1m8.3m

General and administrative expense

3.8m3.9m4.4m4.7m5.4m5.6m5.3m6.3m6.7m6.6m8.4m7.2m11.7m8.1m8.7m7.3m17.0m6.2m6.8m6.7m7.0m7.5m7.6m

Operating expense total

14.0m13.2m14.6m15.7m16.8m16.8m17.4m18.4m19.7m21.1m22.6m21.9m32.2m27.2m26.3m24.4m34.1m21.6m22.8m20.9m24.5m27.6m25.6m

Depreciation and amortization

83.0k83.0k

EBIT

(1.0m)1.7m(3.0m)(4.9m)(6.7m)(4.2m)(4.3m)(5.7m)(7.7m)(8.9m)(8.5m)(7.7m)(15.0m)(8.8m)(4.0m)(2.4m)(11.0m)(3.1m)(4.7m)(2.1m)(2.5m)(4.1m)(380.0k)

EBIT margin, %

(4%)6%(14%)(24%)(35%)(19%)(19%)(24%)(31%)(34%)(31%)(27%)(45%)(26%)(10%)(6%)(28%)(9%)(14%)(6%)(6%)(10%)(1%)

Interest expense

115.0k85.0k13.0k33.0k

Pre tax profit

(1.8m)1.6m(3.0m)(4.9m)(6.7m)(4.2m)(4.4m)(5.7m)(7.7m)(8.9m)(8.5m)(7.5m)(16.6m)(10.2m)(5.6m)(3.8m)(15.1m)(4.1m)(5.8m)(2.8m)(3.0m)(4.3m)(2.2m)

Income tax expense

88.0k81.0k83.0k82.0k96.0k135.0k192.0k80.0k90.0k29.0k167.0k134.0k(4.1m)234.0k(324.0k)129.0k345.0k598.0k141.0k230.0k(11.0k)339.0k200.0k

Net Income

(1.9m)1.5m(3.1m)(5.0m)(6.8m)(4.3m)(4.6m)(5.8m)(7.8m)(8.9m)(8.6m)(7.6m)(12.5m)(10.4m)(5.3m)(3.9m)(15.4m)(4.7m)(5.9m)(3.0m)(3.0m)(4.6m)(2.4m)

Model N Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

103.4m101.0m91.0m66.1m57.6m56.7m60.8m

Accounts Receivable

16.1m15.2m16.1m24.8m28.3m27.0m

Prepaid Expenses

3.2m2.1m3.2m3.7m3.6m2.8m

Inventories

Current Assets

123.5m118.9m111.0m92.8m87.1m89.1m94.5m

PP&E

7.9m6.9m7.6m6.1m4.6m2.1m1.0m

Goodwill

1.5m1.5m1.5m6.9m39.3m39.3m39.3m

Total Assets

134.5m129.1m122.0m113.0m171.9m166.2m169.6m

Accounts Payable

468.0k1.4m1.6m3.3m3.0m1.7m2.3m

Short-term debt

318.0k4.8m1.4m4.9m

Current Liabilities

36.7m36.5m36.1m44.2m76.9m72.6m76.3m

Long-term debt

52.5m52.3m39.4m

Total Debt

52.5m52.3m39.4m

Total Liabilities

40.9m40.2m38.9m46.8m130.7m126.1m116.9m

Common Stock

3.0k4.0k4.0k4.0k5.0k5.0k

Preferred Stock

Additional Paid-in Capital

156.0m172.2m186.2m202.5m217.1m244.8m266.3m

Retained Earnings

(62.1m)(83.0m)(102.6m)(135.7m)(175.3m)(203.5m)(212.4m)

Total Equity

93.6m89.0m83.1m66.2m41.3m40.0m52.7m

Debt to Equity Ratio

1.3 x1.3 x0.7 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x

Financial Leverage

1.4 x1.5 x1.5 x1.7 x4.2 x4.2 x3.2 x

Quarterly

USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

109.0m105.1m92.8m101.7m103.2m96.4m93.2m93.8m70.4m70.0m70.1m52.4m53.7m51.8m48.3m55.2m57.6m52.2m54.1m58.5m55.8m61.3m192.4m

Accounts Receivable

15.1m20.1m16.7m20.4m17.9m16.7m18.0m20.9m22.2m22.5m19.8m19.3m27.0m33.7m38.7m31.5m31.7m27.6m19.5m25.5m31.1m26.4m29.3m

Prepaid Expenses

1.6m2.1m2.2m2.7m2.5m2.2m1.8m2.7m3.3m3.4m4.3m4.1m4.1m3.2m2.8m4.2m3.3m2.5m1.6m2.2m1.8m1.3m2.4m

Current Assets

127.3m128.7m122.6m125.6m124.2m115.8m113.5m118.0m96.7m97.0m96.0m77.4m86.2m90.0m91.0m91.5m93.1m84.5m77.6m89.0m94.6m96.0m232.2m

PP&E

6.0m6.9m7.1m6.6m6.8m7.5m7.7m7.7m7.5m7.0m6.6m5.7m6.4m5.5m3.8m3.0m2.5m1.7m1.4m1.2m856.0k726.0k641.0k

Goodwill

1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.5m6.9m6.9m6.9m6.9m39.3m39.3m39.3m39.3m39.3m39.3m39.3m39.3m39.3m39.3m39.3m

Total Assets

136.5m138.8m132.6m135.4m134.5m126.9m124.9m129.3m119.5m118.9m117.1m101.1m175.6m177.2m174.0m172.3m171.8m162.3m153.9m164.5m173.9m173.8m307.2m

Accounts Payable

539.0k2.3m153.0k287.0k255.0k1.7m2.6m3.4m1.5m1.5m2.3m3.8m3.8m3.7m4.2m2.3m1.4m3.4m2.4m2.7m2.4m3.2m3.5m

Short-term debt

519.0k433.0k191.0k97.0k26.0k4.8m6.5m6.0m1.8m4.7m4.8m5.1m3.5m2.0m

Current Liabilities

44.4m42.5m34.8m36.6m40.1m36.6m35.6m42.4m38.5m43.2m46.6m39.1m65.1m73.5m79.4m76.3m78.7m59.5m57.6m67.0m70.7m68.0m70.1m

Long-term debt

87.0k29.0k56.8m57.0m52.6m52.5m52.8m51.8m44.2m44.3m42.6m42.0m114.5m

Total Debt

606.0k462.0k191.0k97.0k26.0k56.8m57.0m57.4m58.9m58.8m53.6m49.0m49.1m47.7m45.5m116.5m

Total Liabilities

49.0m47.6m38.7m40.2m43.2m39.7m38.4m45.3m41.5m45.9m48.7m40.7m123.5m132.1m133.3m130.1m133.2m112.2m102.7m112.3m114.5m111.6m186.3m

Common Stock

3.0k3.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k4.0k5.0k5.0k5.0k5.0k5.0k5.0k5.0k5.0k

Preferred Stock

Additional Paid-in Capital

152.1m154.3m159.5m165.7m168.5m174.8m178.7m182.1m188.8m192.9m197.0m204.4m208.5m211.9m221.6m227.1m239.4m249.1m255.9m259.8m275.9m284.1m344.9m

Retained Earnings

(64.4m)(62.9m)(65.2m)(70.3m)(77.1m)(87.3m)(91.9m)(97.7m)(110.4m)(119.3m)(128.0m)(143.3m)(155.8m)(166.3m)(180.5m)(184.4m)(199.9m)(197.8m)(203.7m)(206.8m)(215.4m)(220.0m)(222.4m)

Total Equity

87.6m91.2m93.9m95.2m91.2m87.2m86.5m84.0m77.9m73.0m68.4m60.4m52.2m45.2m40.7m42.2m38.6m50.1m51.2m52.1m59.3m62.2m120.9m

Financial Leverage

1.6 x1.5 x1.4 x1.4 x1.5 x1.5 x1.4 x1.5 x1.5 x1.6 x1.7 x1.7 x3.4 x3.9 x4.3 x4.1 x4.4 x3.2 x3 x3.2 x2.9 x2.8 x2.5 x

Model N Cash Flow

Annual

Quarterly

USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(3.2m)(1.7m)(3.1m)(8.2m)(15.0m)(4.3m)(8.9m)(14.7m)(7.8m)(16.7m)(25.4m)(7.6m)(20.1m)(30.5m)(5.3m)(9.2m)(24.6m)(4.7m)(10.6m)(13.6m)(3.0m)(7.6m)(10.0m)

Depreciation and Amortization

937.0k1.4m958.0k1.9m2.8m933.0k1.9m3.0m1.3m2.9m4.4m1.1m3.5m5.9m2.3m4.4m6.4m1.8m3.5m5.2m1.5m2.8m4.2m

Accounts Receivable

2.7m(7.8m)(552.0k)(4.3m)(1.8m)(1.5m)(2.7m)(5.7m)(5.0m)(5.2m)(2.6m)655.0k(876.0k)(7.6m)(13.8m)(6.6m)(6.8m)162.0k8.4m2.3m(4.1m)529.0k(2.3m)

Accounts Payable

307.0k1.9m(349.0k)(174.0k)(212.0k)494.0k1.3m2.2m(222.0k)(311.0k)517.0k591.0k(762.0k)(854.0k)1.2m(685.0k)(1.8m)1.8m862.0k1.1m136.0k876.0k781.0k

Cash From Operating Activities

(2.5m)(684.0k)(1.8m)(5.7m)(3.5m)(3.5m)(7.3m)(5.8m)(7.3m)(8.2m)(7.8m)(8.2m)(13.6m)(16.3m)(9.7m)(5.0m)(642.0k)(4.3m)465.0k4.8m(5.0m)3.4m7.2m

Purchases of PP&E

(472.0k)(811.0k)(81.0k)(518.0k)(1.5m)(710.0k)(1.0m)(1.7m)(357.0k)(1.1m)(1.6m)(194.0k)(222.0k)(290.0k)(60.0k)(91.0k)(165.0k)(141.0k)(167.0k)(227.0k)(29.0k)(98.0k)(190.0k)

Cash From Investing Activities

(2.3m)(3.6m)(10.1m)(518.0k)(1.5m)(1.3m)(2.3m)(3.6m)(13.5m)(14.3m)(15.1m)(5.5m)(48.3m)(48.4m)(60.0k)(91.0k)(165.0k)(141.0k)(167.0k)(227.0k)(29.0k)(98.0k)(190.0k)

Long-term Borrowings

(1.2m)(5.2m)(127.0k)(221.0k)(292.0k)(50.0m)(250.0k)(5.0m)(5.0m)(5.0m)(44.7m)

Cash From Financing Activities

98.1m93.6m1.3m4.6m4.8m158.0k1.7m2.3m135.0k1.5m2.0m17.0k49.4m50.3m552.0k2.8m951.0k(214.0k)(3.0m)(2.8m)18.0k(2.8m)124.6m

Net Change in Cash

93.3m89.3m(10.6m)(1.6m)(180.0k)(4.6m)(7.8m)(7.2m)(20.7m)(21.0m)(20.9m)(13.7m)(12.5m)(14.3m)(9.2m)(2.3m)87.0k(4.5m)(2.6m)1.8m(5.0m)503.0k131.6m

Model N Ratios

USDQ2, 2013

Financial Leverage

1.6 x

Model N Operating Metrics

Model N's Enterprise Customers was reported to be 150 in Feb, 2017. Model N's Customers was reported to be 162 in FY, 2017.
FY, 2013FY, 2014FY, 2015FY, 2016Feb, 2017FY, 2017

Customers

80 84 122 162

Patent Applications

4 5 6

Patents Issued

5 5

Enterprise Customers

69 80 84 122 150

Consumer Customers

27 m

Countries

100

Patents Pending

8

Model N Employee Rating

4320 votes
Culture & Values
4
Work/Life Balance
4.2
Senior Management
3.8
Salary & Benefits
4
Career Opportunities
3.8
Source