Last $10.03 USD
Change Today +0.13 / 1.31%
Volume 49.9K
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As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

model n inc (MODN) Key Developments

Model N, Inc. Expands Global Price Management Suite and Offers Launch Sequence Optimization Solution

Model N, Inc. announced the early release of the Model N LSO (Launch Sequence Optimization) solution, designed to help companies determine their optimal launch price and geographical sequence for launching new products. The LSO offering is available immediately and is being built into Model N's Global Price Management software suite. New product launches are the most critical and defining moments in a pharmaceutical product lifecycle. The first six months of launch establishes the product revenue trajectory for the next several years. With increasing pressure from the payers and the stringent application of international referencing pricing, identifying the best launch strategy is more complex than ever. However, many organizations have not yet adjusted their launch approach to the new reality and tend to rely on 'rule-of-thumb' approaches rather than analytics and scenario planning. This solution provides a simplified user experience and empowers users to get reliable answers to complex what-if questions via different launch scenarios and to analyze the results with other internal stakeholders.

Model N, Inc. Enters into Sublease Agreement with Openwave Mobility, Inc. and Openwave Messaging, Inc

On May 12, 2014, Model N, Inc. entered into a sublease agreement with Openwave Mobility, Inc. and Openwave Messaging, Inc. to lease office space in the building located at 1600 Seaport Boulevard (4th Floor) in Redwood City, California. The sublease agreement covers approximately 34,621 square feet of office space. Model N intends to relocate its corporate headquarters and to vacate its current corporate headquarters located at 1800 Bridge Parkway, Redwood City, California. The term of the sublease agreement will begin on July 1, 2014 and end on December 26, 2017. Monthly base rent payments of $103,863 are due beginning on the fourth month after the commencement date, and will increase to $107,325, $110,787 and $114,249 per month beginning on the 13th, 25th and 37th months, respectively, after the commencement date. In addition, Model N initially expects common area and maintenance pass-through charges, including real estate taxes, to be approximately $1.42 per square foot per month.

Model N, Inc. Announces Management Appointments

Model N, Inc. announced the appointment of Mark Tisdel as Chief Financial Officer and Shail Khiyara as Chief Marketing Officer. Mark Tisdel is a 20-year veteran in global finance, and brings to Model N a background in fast-growth software and high-tech business. Mark is currently the CFO of Steelwedge Software, and previously was the CFO of Spigit and Model N. Mark has also held leadership roles in Finance at Peoplesoft, GTE Mobilnet and Selectica. Model N's current SVP and CFO, Sujan Jain, has decided to leave the company to pursue another opportunity. He will remain in his current role until May 16th. Shail Khiyara brings nearly 20 years of executive and marketing experience in the technology industry in a variety of senior leadership roles, including the CMO and Chief Customer Officer of Spigit where he helped create a category around Innovation Management Software and took the company to an exit. Prior to Spigit, Shail was the SVP and CMO of Taleo where he helped create and drove the Talent Intelligence messaging to shape and build the Talent Management category. In prior roles, Shail drove growth at Evault as their SVP, Data Protection Business Unit through innovative product positioning, demand generation and channel marketing in the Cloud Storage market.

Model N, Inc. Presents at Raymond James Internet/Software Crossover Conference, May-28-2014 08:00 AM

Model N, Inc. Presents at Raymond James Internet/Software Crossover Conference, May-28-2014 08:00 AM. Venue: The Fairmont, San Francisco, California, United States. Speakers: Mark Tisdel, Chief Financial Officer, Zack Rinat, Founder, Chairman and Chief Executive Officer.

Model N, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Provides Earnings Guidance for the Third Quarter of Fiscal 2014 and the Full Fiscal Year Ending September 30, 2014

Model N, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported total revenues of $20,650,000, loss from operations of $4,897,000, loss before income taxes of $4,950,000, net loss attributable to company common stockholders of $5,032,000 or $0.21 per basic and diluted share compared to the total revenues of $24,559,000, loss from operations of $1,033,000, loss before income taxes of $1,808,000, net loss attributable to company common stockholders of $1,896,000 or $0.19 per basic and diluted share for the same quarter year ago. Net cash used in operating activities was $3,945,000 compared to $1,401,000 for the same quarter year ago. Purchase of property and equipment was $437,000 compared to the $308,000 for the same quarter year ago. Adjusted LBITDA was $1,059,000 compared to the adjusted EBITDA of $512,000 for the same quarter year ago. Non-GAAP loss from operations was $1,898,000 compared to non-GAAP income from operations of $17,000 for the same quarter year ago. Non-GAAP net loss attributable to company common stockholders was $2,033,000 or $0.08 per diluted share compared to the $162,000 or $0.01 per diluted share for the same quarter year ago. For the six months period, the company reported total revenues of $42,209,000, loss from operations of $7,910,000, loss before income taxes of $7,990,000, net loss attributable to company common stockholders of $8,155,000 or $0.34 per basic and diluted share compared to the total revenues of $46,900,000, loss from operations of $2,107,000, loss before income taxes of $3,060,000, net loss attributable to company common stockholders of $3,209,000 or $0.35 per basic and diluted share for the same quarter year ago. Net cash used in operating activities was $5,745,000 compared to $2,517,000 for the same period year ago. Purchase of property, plant and equipment was $518,000 compared to the $472,000 for the same period year ago. Adjusted LBITDA was $873,000 compared to the adjusted EBITDA of $908,000 for the same quarter year ago. Non-GAAP loss from operations was $2,587,000 compared to $30,000 for the same quarter year ago. Non-GAAP net loss attributable to company common stockholders was $2,832,000 or $0.12 per diluted share compared to the $462,000 or $0.03 per diluted share for the same quarter year ago. The company provided earnings guidance for the third quarter of fiscal 2014 as well as the full fiscal year ending September 30, 2014. For the third quarter of 2014, the company reported that total revenues are expected to be in the range from $19.0 million to $19.5 million, non-GAAP loss from operations is expected to be in the range of $4.0 million to $3.5 million and non-GAAP net loss per diluted share is expected to be in the range of $0.16 to $0.14 based upon weighted average shares outstanding of 24.8 million shares. For the full fiscal year ending September 30, 2014, the company expects total revenues to be in the range from $80.0 million to $82.0 million, non-GAAP loss from operations is expected to be in the range of $11.0 million to $9.0 million and non-GAAP net loss per diluted share is expected to be in the range of $0.45 to $0.37 based upon weighted average shares outstanding of 24.5 million shares.

 

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