Model N Announces First Quarter Fiscal Year 2021 Financial Results
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Model N, Inc. (MODN) PT Raised to $50 at Needham & Company
February 10, 2021 7:11 AM ESTNeedham & Company analyst Ryan MacDonald raised the price target on Model N, Inc. (NYSE: MODN) to $50.00 (from $41.00) while maintaining a Buy rating.
The analyst comments "We are reiterating our Buy rating, while raising our PT to $50, on MODN following the company's... More
Model N Inc. (MODN) Tops Q1 EPS by 9c, Revenues Beat; Offers 2Q & FY21 Revenue Guidance Above Consensus, 2Q & FY21 EPS Guidance View Below Consensus
February 9, 2021 4:46 PM ESTModel N Inc. (NYSE: MODN) reported Q1 EPS of $0.16, $0.09 better than the analyst estimate of $0.07. Revenue for the quarter came in at $42.7 million versus the consensus estimate of $40.42 million.
First Quarter 2021 Financial Highlights
Revenues: Total revenues were $42.7 million, an increase of 11% from the first quarter of fiscal year 2020. Subscription revenues were $31.4 million, an increase of 12% from the first quarter of fiscal year 2020.Gross Profit: Gross profit was $25.6 million, an increase of 16% from the first quarter of fiscal year 2020. Gross margin was 60% compared to 57% for the first quarter of fiscal year 2020.... More