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 investments | 155,513 | 165,467 | 153,766 | 148,345 | 143,517 | 200,491 | 192,372 | ||
| Cash and cash equivalents | 155,513 | 165,467 | 153,766 | 148,345 | 143,517 | 200,491 | 192,372 | ||
| Receivables | 49,712 | 43,185 | 42,029 | 40,754 | 39,807 | 35,796 | 29,255 | ||
| Prepaid expense | 4,493 | 4,920 | 3,740 | 2,206 | 3,678 | 2,797 | 2,379 | ||
| Capitalized contract cost | 3,100 | ||||||||
| Other current assets | 7,287 | 8,442 | 7,443 | 8,517 | 6,777 | 7,314 | 8,228 | ||
| Other undisclosed current assets | 592 | 316 | 3,808 | ||||||
| Total current assets: | 217,597 | 222,330 | 213,886 | 199,822 | 193,779 | 246,398 | 232,234 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 19,382 | 20,565 | 20,437 | 14,908 | 15,837 | 3,332 | 4,035 | ||
| Property, plant and equipment | 1,925 | 1,907 | 1,793 | 1,857 | 1,568 | 1,034 | 641 | ||
| Intangible assets, net (including goodwill) | 109,051 | 111,059 | 113,067 | 115,075 | 118,278 | 63,663 | 64,834 | ||
| Goodwill | 65,665 | 65,665 | 65,665 | 65,665 | 66,860 | 39,283 | 39,283 | ||
| Intangible assets, net (excluding goodwill) | 43,386 | 45,394 | 47,402 | 49,410 | 51,418 | 24,380 | 25,551 | ||
| Other noncurrent assets | 8,533 | 7,929 | 7,601 | 7,335 | 7,055 | 5,863 | 5,438 | ||
| Total noncurrent assets: | 138,891 | 141,460 | 142,898 | 139,175 | 142,738 | 73,892 | 74,948 | ||
| TOTAL ASSETS: | 356,488 | 363,790 | 356,784 | 338,997 | 336,517 | 320,290 | 307,182 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 16,801 | 34,183 | 30,289 | 24,442 | 22,382 | 25,302 | 22,836 | ||
| Accounts payable | 2,565 | 4,802 | 4,831 | 4,619 | 5,833 | 3,009 | 3,541 | ||
| Accrued liabilities | 3,640 | 4,719 | 3,841 | 5,444 | 5,036 | 5,237 | 4,425 | ||
| Employee-related liabilities | 10,596 | 24,662 | 21,617 | 14,379 | 11,513 | 17,056 | 14,870 | ||
| Deferred revenue | 58,032 | 57,431 | 53,595 | 55,306 | 55,638 | 50,904 | 45,249 | ||
| Debt | 2,036 | ||||||||
| Other undisclosed current liabilities | 5,141 | 4,845 | 10,943 | 2,396 | 1,889 | 1,460 | |||
| Total current liabilities: | 79,974 | 96,459 | 94,827 | 82,144 | 79,909 | 77,666 | 70,121 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 143,073 | 141,530 | 138,736 | 131,939 | 130,399 | 116,505 | 114,458 | ||
| Long-term debt, excluding current maturities | 126,957 | 124,301 | 121,724 | 119,223 | 116,795 | 114,438 | 112,163 | ||
| Operating lease, liability | 16,116 | 17,229 | 17,012 | 12,716 | 13,604 | 2,067 | 2,295 | ||
| Liabilities, other than long-term debt | 3,452 | 2,283 | 1,925 | 2,073 | 1,355 | 1,448 | 1,709 | ||
| Other liabilities | 3,452 | 2,283 | 1,925 | 2,073 | 1,355 | 1,448 | 1,709 | ||
| Total noncurrent liabilities: | 146,525 | 143,813 | 140,661 | 134,012 | 131,754 | 117,953 | 116,167 | ||
| Total liabilities: | 226,499 | 240,272 | 235,488 | 216,156 | 211,663 | 195,619 | 186,288 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 129,989 | 123,518 | 121,296 | 122,841 | 124,854 | 124,671 | 120,894 | ||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | 5 | ||
| Additional paid in capital | 393,278 | 380,528 | 372,263 | 365,876 | 357,106 | 351,952 | 344,932 | ||
| 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: | 129,989 | 123,518 | 121,296 | 122,841 | 124,854 | 124,671 | 120,894 | ||
| TOTAL LIABILITIES AND EQUITY: | 356,488 | 363,790 | 356,784 | 338,997 | 336,517 | 320,290 | 307,182 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 51,542 | 51,481 | 51,038 | 48,192 | 42,734 | 41,460 | 41,256 | |
| Cost of revenue | (22,651) | (22,705) | (23,450) | (23,377) | (17,116) | (16,588) | (16,073) | |
| Gross profit: | 28,891 | 28,776 | 27,588 | 24,815 | 25,618 | 24,872 | 25,183 | |
| 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) | 182 | 458 | 219 | |
| 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.