Model N Announces Third Quarter Fiscal Year 2020 Financial Results
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Model N, Inc. (MODN) PT Raised to $48 at Needham & Company
August 5, 2020 7:19 AM EDTNeedham & Company analyst Ryan MacDonald raised the price target on Model N, Inc. (NYSE: MODN) to $48.00 (from $34.00) while maintaining a Buy rating.
The analyst commented, "We are reiterating our Buy rating, while raising our price target to $48, on Model N (MODN) following yet... More
Model N Inc. (MODN) Tops Q3 EPS by 9c, Revenues Beat; Offers 3Q & FY20 EPS/Revenue Guidance Above Consensus
August 4, 2020 5:31 PM EDTModel N Inc. (NYSE: MODN) reported Q3 EPS of $0.15, $0.09 better than the analyst estimate of $0.06. Revenue for the quarter came in at $41.3 million versus the consensus estimate of $39.57 million.
Third Quarter 2020 Financial Highlights
Revenues: Total revenues were $41.3 million, an increase of 19% from the third quarter of fiscal year 2019. Subscription revenues were $29.3 million, an increase of 10% from the third quarter of fiscal year 2019.Gross Profit: Gross profit was $25.2 million, an increase of 34% from the third quarter of fiscal year 2019. Gross margin was 61% compared to 54% for the third quarter of fiscal year 2019.... More