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
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments155,513165,467200,49160,78056,70457,55866,149
Cash and cash equivalents155,513165,467200,49160,78056,70457,55866,149
Receivables49,71243,18535,79626,95328,27324,78419,925
Prepaid expense4,4934,9202,7972,7763,6313,7334,845
Deferred costs     4931,630
Other current assets7,2878,4427,3144,039455520283
Other undisclosed current assets592316     
Total current assets:217,597222,330246,39894,54889,06387,08892,832
Noncurrent Assets
Operating lease, right-of-use asset19,38220,5653,332 
Property, plant and equipment1,9251,9071,0341,0432,1464,6116,141
Intangible assets, net (including goodwill)109,051111,05963,66368,41473,88079,43912,623
Goodwill65,66565,66539,28339,28339,28339,2836,939
Intangible assets, net (excluding goodwill)43,38645,39424,38029,13134,59740,1565,684
Other noncurrent assets8,5337,9295,8635,5881,0647981,371
Total noncurrent assets:138,891141,46073,89275,04577,09084,84820,135
TOTAL ASSETS:356,488363,790320,290169,593166,153171,936112,967
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,80134,18325,30226,56219,05722,97715,390
Accounts payable2,5654,8023,0092,3021,6643,0023,334
Accrued liabilities3,6404,7195,2374,3543,1824,9793,707
Employee-related liabilities10,59624,66217,05619,90614,21114,9968,349
Deferred revenue58,03257,43150,90444,875
Debt   4,9111,3754,753 
Deferred revenue and credits49,18628,854
Other undisclosed current liabilities5,1414,8451,460 52,176  
Total current liabilities:79,97496,45977,66676,34872,60876,91644,244
Noncurrent Liabilities
Long-term debt and lease obligation143,073141,530116,50539,37152,32952,452 
Long-term debt, excluding current maturities126,957124,301114,43839,37152,32952,452 
Operating lease, liability16,11617,2292,067 
Liabilities, other than long-term debt3,4522,2831,4481,1521,1821,3072,521
Deferred revenue and credits2271,924
Other liabilities3,4522,2831,4481,1521,1821,080597
Total noncurrent liabilities:146,525143,813117,95340,52353,51153,7592,521
Total liabilities:226,499240,272195,619116,871126,119130,67546,765
Stockholders' equity
Stockholders' equity attributable to parent129,989123,518124,67152,72240,03441,26166,202
Common stock5555544
Additional paid in capital393,278380,528351,952266,295244,814217,052202,506
Accumulated other comprehensive loss(1,218)(1,205)(1,213)(1,169)(1,285)(502)(562)
Accumulated deficit(262,076)(255,810)(226,073)(212,409)(203,500)(175,293)(135,746)
Total stockholders' equity:129,989123,518124,67152,72240,03441,26166,202
TOTAL LIABILITIES AND EQUITY:356,488363,790320,290169,593166,153171,936112,967

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues202,253193,445161,056141,235154,632131,169106,971
Cost of revenue(92,183)(86,648)(65,496)(66,130)(65,334)(61,096)(53,693)
Gross profit:110,070106,79795,56075,10589,29870,07353,278
Operating expenses(125,176)(121,211)(102,166)(90,116)(110,076)(108,684)(86,018)
Operating loss:(15,106)(14,414)(6,606)(15,011)(20,778)(38,611)(32,740)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(180)(210)76(319)722(62)(86)
Interest and debt expense  (319) (3,142)  
Loss from continuing operations before equity method investments, income taxes:(15,286)(14,624)(6,849)(15,330)(23,198)(38,673)(32,826)
Other undisclosed income (loss) from continuing operations before income taxes(14,660)(14,344)(6,003)(2,933)(5,036)(4,159)50
Loss from continuing operations before income taxes:(29,946)(28,968)(12,852)(18,263)(28,234)(42,832)(32,776)
Income tax expense (benefit)(904)(769)(812)(1,030)273,285(335)
Net loss available to common stockholders, diluted:(30,850)(29,737)(13,664)(19,293)(28,207)(39,547)(33,111)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net loss:(30,850)(29,737)(13,664)(19,293)(28,207)(39,547)(33,111)
Other comprehensive income (loss)  (44)116(783)60(96)
Comprehensive loss:(30,850)(29,737)(13,708)(19,177)(28,990)(39,487)(33,207)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(187)8     
Comprehensive loss, net of tax, attributable to parent:(31,037)(29,729)(13,708)(19,177)(28,990)(39,487)(33,207)

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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