Model N (MODN)

Company Profile

Model N enables life sciences and high tech companies to drive growth and market share, minimizing revenue leakage throughout the revenue lifecycle. With deep industry expertise and solutions purpose-built for these industries, Model N delivers comprehensive visibility, insight and control over the complexities of commercial operations and compliance. Our integrated cloud solution is proven to automate pricing, incentive and contract decisions to scale business profitably and grow revenue. Model N is trusted across more than 120 countries by the world's leading pharmaceutical, medical technology, semiconductor, and high tech companies, including Johnson & Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom and Microchip Technology.

Company profile

Ticker

MODN

Exchange

NYSE

Website

www.modeln.com

CEO

Zack Rinat

Incorporated

Delaware

Location

California

Fiscal year end

Sep 30

Sector

Information > Software Publishers

Industry (SIC)

Services - Computer Programming, Data Processing, Etc.

Alphabet • Meta Platforms • Rackspace Technology • IHS Markit • Sabre • IAC • Baidu • Bumble • Match • Twitter ...

Former names

MODEL N INC

SEC CIK

0001118417

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Model N India Software Private Limited • Model N (Switzerland) GmbH • Model N UK Limited • Sapphire Stripe Holdings, Inc. • Model N Canada Limited ...

IRS number

770528806

MODN stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

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DEFA14A

Additional proxy soliciting materials

6 Jan 23

18 Nov 22

Model N Announces Fourth Quarter and Fiscal Year 2022 Financial Results

9 Aug 22

Model N Announces Third Quarter Fiscal Year 2022 Financial Results

10 May 22

Model N Announces Second Quarter Fiscal Year 2022 Financial Results

10 May 22

8-K

Submission of Matters to a Vote of Security Holders

9 Feb 22

Transcripts

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MODN

Earnings call transcript

2022 Q4

9 Nov 22

MODN

Earnings call transcript

2022 Q3

13 Aug 22

MODN

Earnings call transcript

2022 Q2

11 May 22

MODN

Earnings call transcript

2022 Q1

9 Feb 22

MODN

Earnings call transcript

2021 Q4

10 Nov 21

MODN

Earnings call transcript

2021 Q3

10 Aug 21

MODN

Earnings call transcript

2021 Q2

11 May 21

MODN

Earnings call transcript

2021 Q1

10 Feb 21

MODN

Earnings call transcript

2020 Q4

10 Nov 20

MODN

Earnings call transcript

2020 Q3

4 Aug 20

Latest ownership filings

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Conestoga Capital Advisors, LLC

18 Jan 23

Mark, Albert Anderson,

Mark, Albert Anderson,

2 Dec 22

Financial summary

Financial statements Chart MODN financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 22	Sep 21	Sep 20	Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	194.13 mm	194.13 mm	194.13 mm	194.13 mm	194.13 mm	194.13 mm
Cash burn (monthly)	(no burn)	(no burn)	2.66 mm	2.26 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	10.38 mm	8.83 mm	n/a	n/a
Cash remaining	n/a	n/a	183.75 mm	185.30 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	69.1	81.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Model N earnings reports.

Institutional ownership, Q3 2022

MODN institutional ownership history Ownership history

94.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	160	148	+8.1%
Opened positions	32	21	+52.4%
Closed positions	20	9	+122.2%
Increased positions	67	53	+26.4%
Reduced positions	45	52	-13.5%

13F shares	Current	Prev Q	Change
Total value	1.23 bn	34.65 bn	-96.5%
Total shares	35.78 mm	36.25 mm	-1.3%
Total puts	0.00	300.00	EXIT
Total calls	0.00	29.40 k	EXIT
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
Conestoga Capital Advisors	4.87 mm	$166.69 mm	-2.3%
Neuberger Berman	3.15 mm	$107.71 mm	-0.6%
Artisan Partners Limited Partnership	3.10 mm	$106.14 mm	+0.2%
BLK Blackrock	2.95 mm	$100.97 mm	+13.2%
First Light Asset Management	2.61 mm	$89.28 mm	-5.3%
Clearbridge Advisors	2.32 mm	$79.44 mm	+0.5%
Vanguard	2.00 mm	$68.46 mm	+6.6%
Riverbridge Partners	1.43 mm	$49.02 mm	-0.1%
Schwartz Joshua M	1.09 mm	$38.90 mm	0.0%
Renaissance Technologies	811.83 k	$27.79 mm	-11.3%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-752.68 k	EXIT
Ophir Asset Management Pty	232.84 k	-593.93 k	-71.8%
BLK Blackrock	2.95 mm	+343.78 k	+13.2%
Stephens Investment Management	272.47 k	+272.47 k	NEW
272 Capital	0.00	-163.52 k	EXIT
Millennium Management	46.38 k	-152.80 k	-76.7%
Lisanti Capital Growth	146.16 k	+146.16 k	NEW
First Light Asset Management	2.61 mm	-145.54 k	-5.3%
Vanguard	2.00 mm	+123.88 k	+6.6%
Silvercrest Asset Management	119.00 k	+119.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MODN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Jan 23	Anderson, Mark, Albert	Common Stock	Sell	Dispose S	No	Yes	40.73	5,961	242.79 k	214,023
8 Dec 22	Kannan Suresh	Common Stock	Sell	Dispose S	No	No	39.39	20,119	792.49 k	178,757
5 Dec 22	Adams Timothy M	Common Stock	Gift	Dispose G	No	No	0	1,004	0.00	15,452
1 Dec 22	Rehmann Rayani	Common Stock	Sell	Dispose S	No	No	38.88	913	35.50 k	65,313
1 Dec 22	John Ederer	Common Stock	Sell	Dispose S	No	No	38.88	959	37.29 k	185,496