Model N, Inc. (MODN) financial statements (2022 and earlier)

Company profile

Business Address 777 MARINERS ISLAND BOULEVARD
SAN MATEO, CA 94404
State of Incorp. DE
Fiscal Year End September 30
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)

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments155,513165,467153,766148,345143,517200,491192,372
Cash and cash equivalents155,513165,467153,766148,345143,517200,491192,372
Receivables49,71243,18542,02940,75439,80735,79629,255
Prepaid expense4,4934,9203,7402,2063,6782,7972,379
Capitalized contract cost  3,100    
Other current assets7,2878,4427,4438,5176,7777,3148,228
Other undisclosed current assets5923163,808    
Total current assets:217,597222,330213,886199,822193,779246,398232,234
Noncurrent Assets
Operating lease, right-of-use asset19,38220,56520,43714,90815,8373,3324,035
Property, plant and equipment1,9251,9071,7931,8571,5681,034641
Intangible assets, net (including goodwill)109,051111,059113,067115,075118,27863,66364,834
Goodwill65,66565,66565,66565,66566,86039,28339,283
Intangible assets, net (excluding goodwill)43,38645,39447,40249,41051,41824,38025,551
Other noncurrent assets8,5337,9297,6017,3357,0555,8635,438
Total noncurrent assets:138,891141,460142,898139,175142,73873,89274,948
TOTAL ASSETS:356,488363,790356,784338,997336,517320,290307,182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,80134,18330,28924,44222,38225,30222,836
Accounts payable2,5654,8024,8314,6195,8333,0093,541
Accrued liabilities3,6404,7193,8415,4445,0365,2374,425
Employee-related liabilities10,59624,66221,61714,37911,51317,05614,870
Deferred revenue58,03257,43153,59555,30655,63850,90445,249
Debt      2,036
Other undisclosed current liabilities5,1414,84510,9432,3961,8891,460 
Total current liabilities:79,97496,45994,82782,14479,90977,66670,121
Noncurrent Liabilities
Long-term debt and lease obligation143,073141,530138,736131,939130,399116,505114,458
Long-term debt, excluding current maturities126,957124,301121,724119,223116,795114,438112,163
Operating lease, liability16,11617,22917,01212,71613,6042,0672,295
Liabilities, other than long-term debt3,4522,2831,9252,0731,3551,4481,709
Other liabilities3,4522,2831,9252,0731,3551,4481,709
Total noncurrent liabilities:146,525143,813140,661134,012131,754117,953116,167
Total liabilities:226,499240,272235,488216,156211,663195,619186,288
Stockholders' equity
Stockholders' equity attributable to parent129,989123,518121,296122,841124,854124,671120,894
Common stock5555555
Additional paid in capital393,278380,528372,263365,876357,106351,952344,932
Accumulated other comprehensive loss(1,218)(1,205)(1,231)(1,128)(1,031)(1,213)(1,627)
Accumulated deficit(262,076)(255,810)(249,741)(241,912)(231,226)(226,073)(222,416)
Total stockholders' equity:129,989123,518121,296122,841124,854124,671120,894
TOTAL LIABILITIES AND EQUITY:356,488363,790356,784338,997336,517320,290307,182

Income statement (P&L) ($ in thousands)

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
Revenues51,54251,48151,03848,19242,73441,46041,256
Cost of revenue(22,651)(22,705)(23,450)(23,377)(17,116)(16,588)(16,073)
Gross profit:28,89128,77627,58824,81525,61824,87225,183
Operating expenses(30,905)(31,182)(31,473)(31,616)(26,940)(24,509)(25,563)
Operating income (loss):(2,014)(2,406)(3,885)(6,801)(1,322)363(380)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(100)(35)39(84)(130)(347)168
Income (loss) from continuing operations before equity method investments, income taxes:(2,114)(2,441)(3,846)(6,885)(1,452)16(212)
Other undisclosed loss from continuing operations before income taxes(3,778)(3,699)(3,631)(3,552)(3,462)(3,371)(1,986)
Loss from continuing operations before income taxes:(5,892)(6,140)(7,477)(10,437)(4,914)(3,355)(2,198)
Income tax expense (benefit)(374)71(352)(249)(239)(302)(182)
Net loss available to common stockholders, diluted:(6,266)(6,069)(7,829)(10,686)(5,153)(3,657)(2,380)

Comprehensive Income ($ in thousands)

12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
Net loss:(6,266)(6,069)(7,829)(10,686)(5,153)(3,657)(2,380)
Other undisclosed comprehensive loss     (44) 
Comprehensive loss:(6,266)(6,069)(7,829)(10,686)(5,153)(3,701)(2,380)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13)26(103)(97)182458219
Comprehensive loss, net of tax, attributable to parent:(6,279)(6,043)(7,932)(10,783)(4,971)(3,243)(2,161)

Statements sources

The financial statements are based on the company's filings with the 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.

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