Model N (MODN) Tops Q4 EPS by 6c

Model N (NYSE: MODN) reported Q4 EPS of $0.06, $0.06 better than the analyst estimate of $0.00. Revenue for the quarter came in at $36.7 million versus the consensus estimate of $35.55 million.

“Model N exceeded its revenue and profitability guidance for the fourth quarter of fiscal 2018. I’m pleased with our cloud subscription growth and our profitability and cash flow illustrate the progress we’ve made in building a scalable business,” said Jason Blessing, Chief Executive Officers of Model N. “After spending a significant amount of my first six months in the field visiting customers, I’m convinced we deliver a mission critical application and have significant opportunity to expand existing customer relationships and start new ones in this dynamic market.”

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

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