Model N, Inc. (MODN)

Model N Income Statement

Financials in millions USD. Fiscal year is October - September.

Year Ending	TTM	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	256.31	249.46	219.16	193.45	161.06	141.24
Revenue Growth (YoY)	8.56%	13.82%	13.30%	20.11%	14.03%	-8.66%
Cost of Revenue	110.07	108.22	97.12	86.65	65.5	66.13
Gross Profit	146.24	141.25	122.04	106.8	95.56	75.11
Selling, General & Admin	100.42	96.91	87.4	76.55	67.81	60.11
Research & Development	48.55	48.45	47.6	44.66	34.36	30.01
Operating Expenses	148.98	145.36	135	121.21	102.17	90.12
Operating Income	-2.74	-4.12	-12.96	-14.41	-6.61	-15.01
Interest Expense / Income	10.42	6.6	15.64	14.39	6.32	2.93
Other Expense / Income	-16.43	20.36	-1.44	0.16	-0.08	0.32
Pretax Income	3.27	-31.08	-27.16	-28.97	-12.85	-18.26
Income Tax	3.01	2.84	1.48	0.77	0.81	1.03
Net Income	0.26	-33.92	-28.64	-29.74	-13.66	-19.29
Shares Outstanding (Basic)	39	38	37	35	34	32
Shares Outstanding (Diluted)	39	38	37	35	34	32
Shares Change	3.45%	3.64%	3.62%	4.27%	5.51%	6.13%
EPS (Basic)	-	-0.89	-0.78	-0.84	-0.40	-0.60
EPS (Diluted)	-	-0.89	-0.78	-0.84	-0.40	-0.60
Free Cash Flow	60.06	23.15	24.29	18.54	13.83	10.17
Free Cash Flow Per Share	1.53	0.61	0.66	0.52	0.41	0.32
Gross Margin	57.06%	56.62%	55.69%	55.21%	59.33%	53.18%
Operating Margin	-1.07%	-1.65%	-5.91%	-7.45%	-4.10%	-10.63%
Profit Margin	0.10%	-13.60%	-13.07%	-15.37%	-8.48%	-13.66%
Free Cash Flow Margin	23.43%	9.28%	11.08%	9.58%	8.59%	7.20%
Effective Tax Rate	91.99%	-	-	-	-	-
EBITDA	21.47	-16.25	-2.53	-6.61	-1.03	-8.54
EBITDA Margin	8.38%	-6.51%	-1.15%	-3.41%	-0.64%	-6.05%
Depreciation & Amortization	7.78	8.23	8.99	7.97	5.5	6.79
EBIT	13.69	-24.48	-11.52	-14.58	-6.53	-15.33
EBIT Margin	5.34%	-9.81%	-5.26%	-7.54%	-4.05%	-10.85%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).