Model N (MODN) Tops Q2 EPS by 4c; Issues Light Q3 EPS Outlook

Model N (NYSE: MODN) reported Q2 EPS of ($0.21), $0.04 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $26.1 million versus the consensus estimate of $25.61 million.

Third Quarter Fiscal 2016 Guidance:

• Total revenues are expected to be in the range from $27.2 million to $27.5 million,

• Non-GAAP loss from operations is expected to be in the range of ($5.6) million to ($5.4) million,

• Non-GAAP net loss per share is expected to be in the range of ($0.21) to ($0.20) based upon weighted average shares outstanding of 27.6 million shares.

The Street sees Q3 revenue of $27.3 million and PS of ($0.13),

Fiscal Year 2016 Guidance:

• Total revenues are expected to be in the range from $106.5 million to $107.5 million,

• Non-GAAP loss from operations is expected to be in the range of ($17.5) million to ($17.2) million,

• Non-GAAP net loss per share is expected to be in the range of ($0.65) to ($0.63) based upon weighted average shares outstanding of 27.3 million shares.

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

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