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Model N, Inc. (NYSE: MODN) has announced its participation in several significant virtual investor conferences. These events include the 16th Annual Needham Virtual Technology & Media Conference on May 17, 2021, the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, and the Baird 2021 Global Consumer, Technology & Services Conference on June 10, 2021. Live webcasts and replays will be available on Model N's investor relations page.
Model N, Inc. (MODN) announced its second quarter fiscal 2021 results, reporting revenues of $48.2 million, a 21% increase year-over-year. Subscription revenues rose 24% to $35.9 million. The acquisition of Business Services from Deloitte contributed $6.5 million in revenues. Gross profit was $24.8 million with a gross margin of 51%. GAAP net loss was $(10.7 million), translating to a loss of $(0.30) per share. The company provided guidance of total revenues between $48.5 million and $49.0 million for Q3 2021 and $189.0 million to $190.0 million for the full year.
Model N (NYSE: MODN) has partnered with Channelnomics to enhance cloud revenue management solutions for high-tech firms. This collaboration will leverage Model N's channel solutions with Channelnomics' strategic services, empowering clients to design effective channel strategies and improve revenue results. Joint customers can expect improved execution through integrated offerings, including Channel Incentives and Channel Data Management solutions. This partnership aims to optimize channel experience and financial control over incentive types, ultimately driving profitability.
Model N (NYSE: MODN) has announced a significant partnership with Global Pricing Innovations (GPI) to enhance life sciences revenue management. This collaboration integrates Model N's Revenue Cloud with GPI's analytics and consulting services, aimed at improving global pricing strategies for pharmaceutical companies. The partnership is expected to deliver measurable revenue benefits and streamlined decision-making processes for clients. Both companies emphasize the importance of integrating data-driven insights to optimize market access and pricing strategies effectively.
Model N, Inc. (NYSE: MODN) will announce its financial results for Q2 FY2021 on May 10, 2021, after market close. A conference call to discuss these results and future outlook is scheduled for the same day at 2:00 p.m. PT / 5:00 p.m. ET. Interested parties can access the call by dialing the respective numbers provided for the U.S. and international participants. Model N specializes in cloud revenue management solutions for life sciences and high tech sectors, helping clients effectively manage revenue and compliance.
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Model N, Inc. (NYSE: MODN), a leader in cloud revenue management, announced that Jason Blessing, CEO, and John Ederer, CFO, will present at the JMP Securities Technology Conference on March 1, 2021, at 8:30 a.m. PT (11:30 a.m. ET). Investors can access live webcasts of the presentations via the investor relations page at https://investor.modeln.com/. Model N specializes in providing solutions for life sciences and high-tech companies, helping them minimize revenue leakage and drive growth.
Model N (NYSE: MODN) reported first-quarter fiscal year 2021 results, achieving record revenue of $42.7 million, an 11% increase year-over-year. Subscription revenue rose 12% to $31.4 million, with a gross profit of $25.6 million, up 16%. The company incurred a GAAP net loss of $(5.2) million, marking a decline from $(3.0) million a year ago. The recent acquisition of Deloitte's pricing services is expected to enhance their market position. Model N forecasts second-quarter revenues between $46.0 - $46.5 million.
Model N (NYSE: MODN) has released findings from a Forrester Consulting study focusing on revenue management and channel strategy in high-tech manufacturing and B2B software. Surveying 211 senior leaders, it highlighted challenges in automating channel revenue processes despite their perceived value. Over 70% of respondents recognized automation's importance in management areas like incentive and rebate management.
The study indicates that firms face obstacles such as short product lifecycles (53%) and reliance on manual processes (33%), affecting sales data quality and profitability.