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Stock impact report

Model N (MODN) Q2 Earnings Miss Despite Top-Line Growth [Yahoo! Finance]

Model N, Inc. (MODN) 
Last model n, inc. earnings: 2/4 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.modeln.com
Company Research Source: Yahoo! Finance
MODN delivered mixed second-quarter fiscal 2024 results, with the top line beating the Zacks Consensus Estimate but the bottom line missing the same. This San Mateo, CA-based company recorded a top-line expansion year over year, driven by healthy demand for cloud revenue management solutions in several end markets. Net Income On a GAAP basis, the company incurred a net loss of $1.4 million or a loss of 4 cents per share compared with a loss of $33.3 million or a loss of 88 cents per share in the year-ago quarter. Revenue growth year over year led to a narrower loss during the quarter. Non-GAAP net income rose to $9.4 million or 24 cents per share from $6.8 million or 18 cents per share in the year-earlier quarter. The bottom line missed the Zacks Consensus Estimate by 2 cents. Model N, Inc. Price, Consensus and EPS Surprise Model N, Inc. price-consensus-eps-surprise-chart | Model N, Inc. Quote Revenues The company generated $65.1 million in revenues, up 4% year over year Show less Read more
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