secwatch.observer — SEC 8-K summary
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Issuer:     MODEL N, INC. (—)
CIK:        0001118417
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001118417-24-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1118417/000111841724000099/0001118417-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1118417/000111841724000099/modn-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001118417-24-000099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer