Model N Q2 FY2024 revenue $65.1M (+4%); non-GAAP EPS $0.24 vs $0.18; SaaS ARR $139.1M (+11%)

MODEL N, INC.

2024-Q2 EPS reported -$0.08 revenue$128,602,000

Revenue $65.1M (+4% YoY); subscription revenue $49.2M (+9% YoY). Gross margin 57% vs 56%.
GAAP net loss narrowed to $1.4M ($0.04 per share) from $33.3M ($0.88) YoY.
Non-GAAP net income $9.4M ($0.24 diluted EPS) up 38% YoY; Adj. EBITDA $10.9M (17% margin).
SaaS ARR $139.1M (+11% YoY); RPO $367.9M (+9% YoY); current RPO $168.3M (+15% YoY).
Proposed acquisition by Vista Equity Partners ongoing; proxy materials filed with SEC.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MODEL N, INC. reported second quarter fiscal year 2024 ended March 31, 2024 results: revenue Total revenues were $65.1 million, net income GAAP net loss was $1.4 million, EPS GAAP diluted net loss per share attributable to common stockholders was $0.04.

Period: second quarter fiscal year 2024 ended March 31, 2024
Revenue: Total revenues were $65.1 million
Net income: GAAP net loss was $1.4 million
EPS: GAAP diluted net loss per share attributable to common stockholders was $0.04
Result: reported results

Exact text from the filing

today announced financial results for the second quarter of fiscal year 2024 ended March 31, 2024. Second Quarter 2024 Financial Highlights • Revenues : Total revenues were $65.1 million , an increase of 4% from the second quarter of fiscal year 2023. Subscription revenues were $49.2 million , an increase of 9% from the second quarter of fiscal year 2023. • Gross

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Source: SEC EDGAR

accession 0001118417-24-000099

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