Model N (MODN) Tops Q4 EPS by 1c; Issues Mixed Outlook

Model N (NYSE: MODN) reported Q4 EPS of ($0.07), $0.01 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $25.4 million versus the consensus estimate of $24.8 million.

Model N sees Q1 2016 EPS of ($0.18)-($0.17), versus the consensus of ($0.05). Model N sees Q1 2016 revenue of $24-24.2 million, versus the consensus of $25.3 million.

Model N sees FY2015 EPS of ($0.66)-($0.64), versus the consensus of ($0.61). Model N sees FY2015 revenue of $106-107 million, versus the consensus of $93.1 million.

"Model N ended a strong fiscal year 2015 with a strong Q4. We grew both sequentially and year over year in every quarter of the fiscal year while concurrently transforming our business model to SaaS and recurring revenues. Model N grew fourth quarter total revenue 25% and SaaS and Maintenance revenue 37% versus Q4 fiscal year 2014 and reported 67% of total revenues as SaaS and Maintenance revenues,” said Zack Rinat, Founder, Chairman, and Chief Executive Officer at Model N. “Our results are a strong testament to the Model N vision of revenue management, the robust market for revenue management, and our strategy to concurrently drive growth and to transform our business to SaaS and recurring revenues. We are excited about accelerating our strategy in fiscal year 2016 and beyond.”

For earnings history and earnings-related data on Model N (MODN) click here.

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