Model N (NYSE:MODN) released its quarterly earnings data on Tuesday. The software maker reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09, Bloomberg Earnings reports. Model N had a negative net margin of 26.17% and a negative return on equity of 53.40%. The business had revenue of $39.10 million for the quarter, compared to analyst estimates of $37.14 million. During the same quarter last year, the firm earned ($0.15) EPS. Model N’s quarterly revenue was up 39.1% compared to the same quarter last year. Model N updated its Q2 guidance to ($0.05)-($0.03) EPS and its FY18 guidance to ($0.10)-($0.03) EPS.
Shares of Model N (NYSE MODN) traded down $0.05 during mid-day trading on Thursday, reaching $17.35. 67,247 shares of the company’s stock traded hands, compared to its average volume of 197,989. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.27. The firm has a market cap of $405.26, a P/E ratio of -13.49 and a beta of 1.06. Model N has a 52-week low of $9.75 and a 52-week high of $17.65.
In other Model N news, Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the sale, the director now directly owns 40,134 shares in the company, valued at approximately $581,943. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan S. Henricks sold 4,730 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $14.59, for a total transaction of $69,010.70. Following the sale, the director now owns 40,134 shares in the company, valued at $585,555.06. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/08/model-n-modn-announces-quarterly-earnings-results-beats-estimates-by-0-09-eps.html.
About Model N
Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues 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.
Receive News & Ratings for Model N Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Model N and related companies with MarketBeat.com's FREE daily email newsletter.