Model N (MODN) Misses Q1 EPS by 3c

Model N (NYSE: MODN) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $38.4 million versus the consensus estimate of $37.22 million.

“Our first quarter results exceeded our revenue and profitability guidance, and builds on the solid foundation we created over the course of fiscal year 2019,” said Jason Blessing, president and chief executive officer of Model N. “I’m very pleased with our commercial performance. It reflects the focus of our company, the continued maturation of our go-to-market and delivery teams, and emphasis on customer success. I believe our strong persistent execution sets us up well to deliver continued growth and profitability.”

GUIDANCE:

Model N sees Q2 2020 EPS of $0.01-$0.03, versus the consensus of $0.05. Model N sees Q2 2020 revenue of $38.8-39.2 million, versus the consensus of $37.9 million.

Model N sees FY2020 EPS of $0.25-$0.31, versus the consensus of $0.28. Model N sees FY2020 revenue of $154-156 million, versus the consensus of $153.44 million.

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

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