Model N Inc. (MODN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
777 MARINERS ISLAND BOULEVARD SAN MATEO, CA 94404 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | 9/30/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 303,375 | 301,355 | 299,581 | 270,643 | 175,194 | 193,524 | |||
| Cash and cash equivalents | 303,375 | 301,355 | 299,581 | 270,643 | 175,194 | 193,524 | |||
| Receivables | 83,077 | 61,761 | 51,866 | 76,021 | 66,118 | 49,121 | |||
| Prepaid expense | 5,115 | 5,922 | 4,181 | 3,648 | 5,137 | 5,772 | |||
| Other current assets | 9,893 | 14,777 | 8,574 | 7,709 | 14,209 | 12,516 | |||
| Other undisclosed current assets | 84 | 91 | 117 | 229 | 134 | 603 | |||
| Total current assets: | 401,544 | 383,906 | 364,319 | 358,250 | 260,792 | 261,536 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,779 | 9,885 | 11,030 | 12,117 | 13,175 | 15,392 | |||
| Property, plant and equipment | 1,049 | 1,242 | 1,260 | 1,422 | 1,566 | 1,838 | |||
| Intangible assets, net (including goodwill) | 94,115 | 95,841 | 97,567 | 99,293 | 101,019 | 103,027 | |||
| Goodwill | 65,665 | 65,665 | 65,665 | 65,665 | 65,665 | 65,665 | |||
| Intangible assets, net (excluding goodwill) | 28,450 | 30,176 | 31,902 | 33,628 | 35,354 | 37,362 | |||
| Other noncurrent assets | 9,687 | 9,221 | 9,134 | 9,710 | 10,277 | 10,454 | |||
| Total noncurrent assets: | 113,630 | 116,189 | 118,991 | 122,542 | 126,037 | 130,711 | |||
| TOTAL ASSETS: | 515,174 | 500,095 | 483,310 | 480,792 | 386,829 | 392,247 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,483 | 12,588 | 10,581 | 9,459 | 8,661 | 39,392 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 26,712 | ||
| Accounts payable | 3,423 | 3,888 | 4,615 | 4,610 | 5,040 | 5,820 | |||
| Accrued liabilities | 6,060 | 8,700 | 5,966 | 4,849 | 3,621 | 6,860 | |||
| Deferred revenue | 74,393 | 61,745 | 59,825 | 70,792 | 67,081 | 62,282 | |||
| Other undisclosed current liabilities | 16,402 | 19,144 | 17,899 | 16,605 | 15,734 | 5,254 | |||
| Total current liabilities: | 100,278 | 93,477 | 88,305 | 96,856 | 91,476 | 106,928 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 280,779 | 280,358 | 279,895 | 279,477 | 169,439 | 147,559 | |||
| Long-term debt, excluding current maturities | 280,779 | 280,358 | 279,895 | 279,477 | 169,439 | 135,417 | |||
| Liabilities, other than long-term debt | 9,774 | 10,797 | 11,479 | 12,298 | 13,377 | 3,139 | |||
| Other liabilities | 4,034 | 4,042 | 3,693 | 3,403 | 3,364 | 3,139 | |||
| Operating lease, liability | 5,740 | 6,755 | 7,786 | 8,895 | 10,013 | 12,142 | |||
| Total noncurrent liabilities: | 290,553 | 291,155 | 291,374 | 291,775 | 182,816 | 150,698 | |||
| Total liabilities: | 390,831 | 384,632 | 379,679 | 388,631 | 274,292 | 257,626 | |||
| Equity | |||||||||
| Equity, attributable to parent | 124,343 | 115,463 | 103,631 | 92,161 | 112,537 | 134,621 | |||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Additional paid in capital | 425,127 | 414,562 | 403,218 | 394,622 | 381,733 | 421,473 | |||
| Accumulated other comprehensive loss | (2,132) | (2,245) | (2,104) | (2,160) | (2,214) | (2,413) | |||
| Accumulated deficit | (298,658) | (296,860) | (297,489) | (300,307) | (266,988) | (284,445) | |||
| Total equity: | 124,343 | 115,463 | 103,631 | 92,161 | 112,537 | 134,621 | |||
| TOTAL LIABILITIES AND EQUITY: | 515,174 | 500,095 | 483,310 | 480,792 | 386,829 | 392,247 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | 9/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 63,491 | 63,969 | 63,736 | 62,604 | 59,154 | 58,170 | ||
| Cost of revenue | (27,869) | (27,062) | (27,265) | (27,620) | (26,271) | (25,611) | ||
| Gross profit: | 35,622 | 36,907 | 36,471 | 34,984 | 32,883 | 32,559 | ||
| Operating expenses | (38,289) | (37,282) | (33,542) | (38,106) | (36,432) | (37,473) | ||
| Operating income (loss): | (2,667) | (375) | 2,929 | (3,122) | (3,549) | (4,914) | ||
| Nonoperating income (expense) | 3,423 | 9,253 | (102) | (83) | 65 | 275 | ||
| Investment income, nonoperating | 3,540 | |||||||
| Other nonoperating income (expense) | (117) | (102) | (83) | 65 | 275 | |||
| Interest and debt expense | (29,493) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 756 | 8,878 | 2,827 | (32,698) | (3,484) | (4,639) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (1,834) | (7,479) | 731 | 281 | (134) | (3,343) | ||
| Income (loss) from continuing operations before income taxes: | (1,078) | 1,399 | 3,558 | (32,417) | (3,618) | (7,982) | ||
| Income tax expense | (720) | (770) | (740) | (902) | (432) | (130) | ||
| Income (loss) from continuing operations: | (1,798) | 629 | 2,818 | (33,319) | (4,050) | (8,112) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (8,112) | |
| Net income (loss) available to common stockholders, diluted: | (1,798) | 629 | 2,818 | (33,319) | (4,050) | (8,112) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | 9/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,798) | 629 | 2,818 | (33,319) | (4,050) | (8,112) | ||
| Comprehensive income (loss): | (1,798) | 629 | 2,818 | (33,319) | (4,050) | (8,112) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 113 | (141) | 56 | 54 | 199 | (256) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,685) | 488 | 2,874 | (33,265) | (3,851) | (8,368) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.