Model N Inc (MODN) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $-0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.20. The company posted revenue of $27.90 million in the period, compared to analysts expectations of $27.40 million. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Model N Inc opened for trading at $13.02 and hit $13.09 on the upside on Friday, eventually ending the session at $13.03, with a gain of 0.77% or 0.1 points. The heightened volatility saw the trading volume jump to 60,898 shares. Company has a market cap of $359 M.
In a different news, on May 18, 2016, Mark Tisdel (SVP & Chief Financial Officer) sold 10,528 shares at $10.41 per share price. According to the SEC, on Feb 22, 2016, Christopher Larsen (SVP and Chief Customer Officer) sold 1,125 shares at $9.92 per share price. On May 19, 2015, Shail Khiyara (SVP and Chief Marketing Office) sold 5,277 shares at $11.28 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 Companys 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.