MODEL N, INC.
modeln.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed May 7, 2024. Its latest SEC filing is a 15-12G from Jul 8, 2024.
10-Q for Q2 FY2024, filed May 7, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Sells cloud software and business services for life sciences and high-tech companies to manage pricing, contracts, rebates, incentives and regulatory compliance.
10-K for FY2023, filed Nov 17, 2023Model N is a leading provider of cloud revenue management solutions for life sciences and high tech companies. Our software helps companies…View ↗
Our expertise in cloud-based revenue management solutions, combined with our knowledge of the life sciences and high tech industries, has…View ↗
We are a leading provider of cloud revenue management solutions for life sciences and high tech companies. Our software and business…View ↗
How Did They Make Money?
Customers pay subscriptions for cloud software and managed support over contract terms; they also pay for implementation and consulting services as the work is performed.
10-K for FY2023, filed Nov 17, 2023We derive revenues primarily from the sale of subscriptions to our cloud-based solutions, as well as subscriptions for managed support…View ↗
Subscription revenues primarily include contractual arrangements with customers accessing our cloud-based solutions. These arrangements, on…View ↗
Professional services revenues primarily include fees generated from implementation, cloud configuration, on-site support, and other…View ↗
$249.5M
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10-K for FY2023, filed Nov 18, 2023
$249.5M ↗
Who Were Their Customers?
Life sciences and high-tech manufacturers, from large multinational corporations to smaller emerging companies, buy through Model N’s direct sales force.
10-K for FY2023, filed Nov 17, 2023
Did Revenues Turn Into Profits?
Not on paper. It lost $33.9M in FY2023, but brought in more cash than it spent: $23.2M of free cash flow.
10-K for FY2023, filed Nov 18, 2023
−$4.1MView ↗
10-K for FY2023, filed Nov 18, 2023
−$33.9MView ↗
10-K for FY2023, filed Nov 18, 2023
$23.2MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed May 8, 2024
−$1.4MView ↗
- ▼ −96% (Loss)
- vs −$33.3M in Q2 FY2023
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Jun 27, 2024
Vista completed its acquisition; Model N shares stopped trading
Model N became privately held and was no longer listed on the New York Stock Exchange.
Sources
8-K, filed Jun 27, 2024
SAN MATEO, Calif.— June 27, 2024 — Model N, a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech…View ↗
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May 6, 2024
Suspended full-year guidance and gave no third-quarter guidance
The company cited its pending acquisition by Vista.
Sources
8-K, filed May 6, 2024
Due to the Company’s pending acquisition by affiliates of Vista Equity Partners that was announced on April 8, 2024 there will not be a…View ↗
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Apr 8, 2024
Agreed to be acquired by Vista for cash
Vista agreed to buy Model N for $30.00 per share in cash.
Sources
8-K, filed Apr 8, 2024
Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash…View ↗
Grew. Revenue grew 77% in 4 years, from $141.2M in FY2019 to $249.5M in FY2023, about 15% a year.
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