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Model N: Fiscal 3Q Earnings Snapshot

August 6, 2019

SAN MATEO, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $3 million in its fiscal third quarter.

On a per-share basis, the San Mateo, California-based company said it had a loss of 9 cents. Earnings, adjusted for stock option expense and amortization costs, were 6 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The provider of revenue management services to the life science and technology industries posted revenue of $34.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $34.1 million.

For the current quarter ending in September, Model N expects its per-share earnings to range from 6 cents to 10 cents.

The company said it expects revenue in the range of $35.5 million to $35.9 million for the fiscal fourth quarter.

Model N expects full-year earnings in the range of 16 cents to 20 cents per share, with revenue ranging from $140.1 million to $140.5 million.

Model N shares have climbed 65% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.80, a rise of 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MODN at https://www.zacks.com/ap/MODN

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