Model N Inc
NYSE:MODN
Income Statement
Earnings Waterfall
Model N Inc
Revenue
|
253.8m
USD
|
Cost of Revenue
|
-109.8m
USD
|
Gross Profit
|
144m
USD
|
Operating Expenses
|
-176.7m
USD
|
Operating Income
|
-32.7m
USD
|
Other Expenses
|
1.1m
USD
|
Net Income
|
-31.7m
USD
|
Income Statement
Model N Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
101
N/A
|
97
-4%
|
89
-8%
|
82
-8%
|
82
+1%
|
84
+2%
|
89
+5%
|
94
+6%
|
96
+3%
|
100
+4%
|
104
+4%
|
107
+3%
|
111
+3%
|
118
+7%
|
124
+5%
|
131
+6%
|
142
+8%
|
148
+4%
|
154
+4%
|
155
+1%
|
151
-3%
|
146
-3%
|
141
-3%
|
141
0%
|
145
+2%
|
150
+4%
|
156
+4%
|
161
+3%
|
165
+3%
|
174
+5%
|
183
+6%
|
193
+5%
|
202
+5%
|
207
+3%
|
212
+2%
|
219
+3%
|
227
+3%
|
236
+4%
|
244
+3%
|
250
+2%
|
254
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(46)
|
(44)
|
(41)
|
(38)
|
(37)
|
(37)
|
(39)
|
(42)
|
(44)
|
(49)
|
(52)
|
(54)
|
(55)
|
(57)
|
(59)
|
(61)
|
(64)
|
(65)
|
(66)
|
(65)
|
(65)
|
(65)
|
(64)
|
(66)
|
(66)
|
(66)
|
(66)
|
(66)
|
(66)
|
(73)
|
(81)
|
(87)
|
(92)
|
(93)
|
(94)
|
(97)
|
(101)
|
(104)
|
(107)
|
(108)
|
(110)
|
|
Gross Profit |
55
N/A
|
53
-4%
|
48
-9%
|
44
-9%
|
45
+2%
|
47
+5%
|
50
+5%
|
52
+5%
|
52
-1%
|
51
-2%
|
52
+3%
|
53
+2%
|
55
+4%
|
60
+9%
|
65
+7%
|
70
+8%
|
78
+11%
|
83
+6%
|
88
+6%
|
89
+2%
|
86
-4%
|
82
-5%
|
77
-5%
|
75
-3%
|
79
+5%
|
84
+7%
|
90
+8%
|
96
+6%
|
99
+4%
|
100
+1%
|
103
+2%
|
107
+4%
|
110
+3%
|
114
+4%
|
118
+3%
|
122
+3%
|
126
+3%
|
132
+5%
|
137
+4%
|
141
+3%
|
144
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(55)
|
(57)
|
(61)
|
(64)
|
(67)
|
(68)
|
(70)
|
(71)
|
(74)
|
(78)
|
(82)
|
(86)
|
(88)
|
(99)
|
(104)
|
(109)
|
(113)
|
(105)
|
(112)
|
(110)
|
(105)
|
(104)
|
(91)
|
(90)
|
(93)
|
(98)
|
(102)
|
(102)
|
(102)
|
(109)
|
(112)
|
(119)
|
(125)
|
(127)
|
(129)
|
(135)
|
(141)
|
(145)
|
(146)
|
(145)
|
(177)
|
|
Selling, General & Administrative |
(38)
|
(39)
|
(42)
|
(46)
|
(48)
|
(50)
|
(52)
|
(53)
|
(56)
|
(57)
|
(60)
|
(62)
|
(64)
|
(72)
|
(75)
|
(78)
|
(79)
|
(72)
|
(80)
|
(78)
|
(75)
|
(74)
|
(61)
|
(60)
|
(62)
|
(65)
|
(68)
|
(68)
|
(68)
|
(68)
|
(71)
|
(74)
|
(78)
|
(80)
|
(82)
|
(87)
|
(92)
|
(96)
|
(96)
|
(97)
|
(99)
|
|
Research & Development |
(18)
|
(18)
|
(18)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(21)
|
(22)
|
(24)
|
(24)
|
(27)
|
(29)
|
(31)
|
(34)
|
(33)
|
(33)
|
(32)
|
(31)
|
(30)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(34)
|
(35)
|
(38)
|
(41)
|
(45)
|
(47)
|
(47)
|
(47)
|
(48)
|
(49)
|
(50)
|
(49)
|
(49)
|
(48)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(30)
|
|
Operating Income |
(0)
N/A
|
(4)
-3 225%
|
(12)
-210%
|
(20)
-65%
|
(22)
-6%
|
(21)
+3%
|
(20)
+5%
|
(19)
+5%
|
(23)
-18%
|
(27)
-20%
|
(30)
-10%
|
(33)
-9%
|
(33)
0%
|
(39)
-19%
|
(39)
-1%
|
(39)
+1%
|
(35)
+9%
|
(22)
+36%
|
(25)
-10%
|
(21)
+15%
|
(20)
+5%
|
(22)
-12%
|
(13)
+40%
|
(15)
-13%
|
(14)
+4%
|
(14)
+4%
|
(12)
+12%
|
(7)
+45%
|
(3)
+53%
|
(8)
-165%
|
(9)
-12%
|
(12)
-30%
|
(15)
-27%
|
(12)
+19%
|
(10)
+15%
|
(13)
-25%
|
(14)
-11%
|
(14)
+6%
|
(9)
+37%
|
(4)
+53%
|
(33)
-698%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(6)
|
(6)
|
(9)
|
(8)
|
(7)
|
(7)
|
(3)
|
(3)
|
(3)
|
(2)
|
(4)
|
(6)
|
(9)
|
(12)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(11)
|
(7)
|
(2)
|
3
|
4
|
|
Non-Reccuring Items |
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
(29)
|
(29)
|
(30)
|
0
|
|
Total Other Income |
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
0
|
1
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
(0)
|
|
Pre-Tax Income |
(2)
N/A
|
(5)
-138%
|
(14)
-154%
|
(21)
-49%
|
(22)
-5%
|
(21)
+2%
|
(20)
+5%
|
(19)
+5%
|
(23)
-19%
|
(27)
-20%
|
(30)
-10%
|
(33)
-10%
|
(33)
+1%
|
(40)
-24%
|
(42)
-4%
|
(43)
-2%
|
(41)
+4%
|
(28)
+31%
|
(33)
-17%
|
(28)
+15%
|
(27)
+5%
|
(29)
-7%
|
(16)
+43%
|
(18)
-11%
|
(17)
+6%
|
(16)
+9%
|
(15)
+4%
|
(13)
+15%
|
(15)
-14%
|
(21)
-42%
|
(26)
-25%
|
(29)
-11%
|
(30)
-3%
|
(27)
+9%
|
(25)
+7%
|
(27)
-7%
|
(25)
+8%
|
(50)
-99%
|
(40)
+18%
|
(31)
+23%
|
(29)
+8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
4
|
4
|
3
|
4
|
(1)
|
(1)
|
25
|
24
|
24
|
24
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
|
Income from Continuing Operations |
(3)
|
(6)
|
(14)
|
(21)
|
(22)
|
(22)
|
(21)
|
(20)
|
(23)
|
(27)
|
(30)
|
(33)
|
(33)
|
(37)
|
(38)
|
(40)
|
(37)
|
(29)
|
(34)
|
(3)
|
(3)
|
(5)
|
8
|
(19)
|
(18)
|
(16)
|
(16)
|
(14)
|
(16)
|
(22)
|
(27)
|
(30)
|
(31)
|
(28)
|
(27)
|
(29)
|
(26)
|
(52)
|
(43)
|
(34)
|
(32)
|
|
Net Income (Common) |
(3)
N/A
|
(6)
-115%
|
(14)
-142%
|
(21)
-47%
|
(22)
-6%
|
(22)
+2%
|
(21)
+5%
|
(20)
+5%
|
(23)
-18%
|
(27)
-19%
|
(30)
-10%
|
(33)
-9%
|
(33)
+1%
|
(37)
-11%
|
(38)
-5%
|
(40)
-3%
|
(37)
+6%
|
(29)
+23%
|
(34)
-17%
|
(28)
+16%
|
(28)
+2%
|
(30)
-7%
|
(17)
+42%
|
(19)
-12%
|
(18)
+9%
|
(16)
+7%
|
(16)
+4%
|
(14)
+13%
|
(16)
-15%
|
(22)
-38%
|
(27)
-25%
|
(30)
-9%
|
(31)
-4%
|
(28)
+9%
|
(27)
+6%
|
(29)
-8%
|
(26)
+8%
|
(52)
-96%
|
(43)
+17%
|
(34)
+21%
|
(32)
+7%
|
|
EPS (Diluted) |
-0.11
N/A
|
-0.25
-127%
|
-0.58
-132%
|
-0.86
-48%
|
-0.89
-3%
|
-0.83
+7%
|
-0.78
+6%
|
-0.75
+4%
|
-0.88
-17%
|
-1
-14%
|
-1.09
-9%
|
-1.21
-11%
|
-1.19
+2%
|
-1.3
-9%
|
-1.32
-2%
|
-1.38
-5%
|
-1.26
+9%
|
-0.95
+25%
|
-1.09
-15%
|
-0.92
+16%
|
-0.87
+5%
|
-0.92
-6%
|
-0.52
+43%
|
-0.6
-15%
|
-0.53
+12%
|
-0.49
+8%
|
-0.47
+4%
|
-0.4
+15%
|
-0.47
-18%
|
-0.63
-34%
|
-0.78
-24%
|
-0.84
-8%
|
-0.86
-2%
|
-0.78
+9%
|
-0.73
+6%
|
-0.78
-7%
|
-0.72
+8%
|
-1.38
-92%
|
-1.1
+20%
|
-0.89
+19%
|
-0.81
+9%
|