Model N (MODN) Announces Upbeat Preliminary Results for Q4

Model N, Inc MODN recently reported preliminary fourth-quarter fiscal 2020 results, wherein the management stated that the company’s revenue and profitability metrics exceeded the previously announced guidance. The stock was up 1.7% to $36.22 following the announcement on Oct 8.

Model N’s transformation to a Software-as-a-Service (SaaS) based model is driving top-line growth along with strength in logo business and new client additions.

The upbeat preliminary results augur well for the upcoming earnings release, as it hints toward upward estimate revisions and plausible revenue beat. Markedly, Model N is scheduled to report fourth-quarter 2020 results on Nov 10, 2020.

Model N, Inc. Price and Consensus

 

Model N, Inc. Price and Consensus

Model N, Inc. price-consensus-chart | Model N, Inc. Quote

 

Model N also announced that David Barter was stepping down as the chief financial officer to pursue new opportunities. The company noted that search was on for his replacement and in the interim, Barter will assist

Read More

Model N’s (MODN) Revenue Cloud Solutions Deployed by AVX

Model N MODN recently announced that AVX Corporation (or AVX) is now fully powered by its revenue management cloud offerings after the latter completed the deployment of the Model N software across its international operations.

AVX deployed the cloud offerings across both its U.S. direct business division and distribution division in February and April 2020, respectively. Model N’s cloud offerings will help AVX in both deal and channel management.

The revenue management software solutions will enable AVX to keep a better control over inventory and facilitate better pricing processes.

Model N, Inc. Price and Consensus

Model N, Inc. Price and Consensus

Model N, Inc. price-consensus-chart | Model N, Inc. Quote

It will also generate insights in real-time about ODMs, OEMs, distributors as well as end customers to offer more visibility for the sales and distribution channel and offer exact POS (Point of Sale) measurement across the distribution operations. The solutions will be helpful in validating and

Read More