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Model N, a leader in cloud revenue management solutions, has launched its Fall 2021 product release featuring key updates to its Revenue Cloud platform. This update focuses on enhancing compliance for life sciences companies while introducing a mobile experience for biotech and pharmaceutical firms. New functionalities for high-tech manufacturers include improved data management and integration with Salesforce Communities. Model N aims to help clients navigate complex regulations and drive growth by minimizing revenue leakage.
Model N, Inc. (NYSE: MODN) reported a strong Q4 for fiscal 2021, with total revenues of $51.5 million, up 24% YoY, and subscription revenues reaching $38.2 million, an increase of 29% YoY. The company highlighted strong performance in its Life Sciences and High Tech verticals, securing new agreements and SaaS transitions. However, GAAP net loss widened to $(6.1) million from $(3.7) million YoY. For FY 2021, total revenues were $193.4 million, a 20% increase. Looking ahead, guidance for Q1 FY 2022 projected revenues between $49.5 and $50 million, and for the full year, between $211 and $214 million.
Model N, Inc. (NYSE: MODN) will announce its fourth quarter and fiscal year 2021 financial results on November 9, 2021, post-market. A conference call is scheduled for 2:00 p.m. PT to discuss the outcomes and provide a business outlook. Model N specializes in cloud revenue management solutions, catering to life sciences and high-tech industries to enhance growth and minimize revenue leakage. The company supports major players across 120 countries, enabling automation in pricing and contract decisions.
Model N, Inc. (NYSE: MODN) has been recognized as a Leader in the IDC MarketScape: Worldwide B2B Price Optimization and Management Applications 2021 Vendor Assessment. The report highlights Model N's strengths in pricing control and channel management specifically for the high-tech industry. Customers praised Model N for its comprehensive features tailored to their future needs, focusing on pricing dynamics and deal factors. This acknowledgment reflects Model N's commitment to innovation and cloud investment.
Model N, Inc. (NYSE: MODN), a leader in cloud revenue management solutions, announced that CFO John Ederer will present at the Jefferies Virtual Software Conference on September 14, 2021, at 1:30 p.m. PT (4:30 p.m. ET). The presentation will be accessible via webcast from Model N's investor relations page at investor.modeln.com. Model N provides solutions to minimize revenue leakage for life sciences and high-tech companies, trusted by industry leaders like Johnson & Johnson and AstraZeneca.
Model N, Inc. (NYSE: MODN) reported strong financial results for Q3 FY2021, with total revenues reaching $51.0 million, a 24% increase year-over-year. Subscription revenues grew 26% to $36.9 million. The company raised its full-year guidance due to successful growth in Life Sciences and High Tech verticals, including new customer additions and SaaS transitions. However, GAAP net loss increased to $(7.8) million, with a loss per share of $(0.22). Non-GAAP metrics showed improvement, with net income at $5.7 million, up 11%.
Model N, Inc. (NYSE: MODN) plans to announce its third quarter fiscal year 2021 financial results on August 9, 2021, post-market close. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and the business outlook. The call can be accessed via phone and will be available for replay. Model N specializes in cloud revenue management solutions for life sciences and high-tech sectors, optimizing revenue and compliance for major global companies.
Model N (NYSE: MODN) has launched a new Deal Management solution within its Revenue Cloud for Life Sciences. This offering aims to enhance the order-to-cash process by connecting sales staff with operations teams. Key benefits include improved revenue management, real-time pricing visibility, and actionable sales analytics. The tool helps life sciences companies optimize customer interactions and streamline contract execution, ultimately driving topline revenue growth. Model N's solution is positioned as a leading SaaS product tailored for the life sciences sector, addressing unique market pressures.
Model N, Inc. (NYSE: MODN) announced its Spring 2021 release of Model N Revenue Cloud for Life Sciences, introducing new capabilities to enhance pricing accuracy and streamline healthcare provider management. The update features advanced membership management, integration of competitor pricing data, and improved regulatory compliance tools. These innovations aim to help life sciences companies reduce revenue leakage and improve competitiveness. Model N underscores its commitment to support customers throughout the revenue lifecycle, facilitating better financial outcomes.
Model N (NYSE: MODN) has launched its Spring 2021 release for the Model N Revenue Cloud, enhancing cloud revenue management solutions for high tech firms. Key features include AI-driven insights for pricing decisions, improved partner channel efficiency, and expanded rebate management. This update aims to reduce pricing complexity while maximizing profitability through intelligent automation. The company continues to deliver innovative solutions that enhance operational effectiveness and revenue growth, gaining recognition from industry analysts for its contributions to channel performance.