Model N: A Lesser-Known Software Company With a Bright Future
Model N Inc. (NYSE:MODN) has seen its market value rise more than 32% in the last 12 months despite the difficult economic climate for many software companies. This growth can be attributed to increased demand for Model N's products and services. The company has strong potential for growth that is not being dampened by the bear market, and it is expected to continue to perform well in 2023 aided by its adaptable business model and strong cash flows.
Warning! GuruFocus has detected 3 Warning Sign with MODN. Click here to check it out.
MODN Data by
MODN Data by NYSE:ZUO) and Anaplan. Model N sets itself apart by specializing in the life sciences and technology industries, offering cloud-based solutions and having extensive knowledge of revenue management processes. The company has potential for growth as it capitalizes on the underserved market for revenue management and replaces outdated, time-consuming, inaccurate and expensive legacy processes.
Model N operates in the large and growing market for revenue management solutions and offers a compelling value proposition to its target customers in the life sciences and high-tech industries. The company has a cloud-based delivery model and a focus on serving the unique needs of these industries, which sets it apart from many of its competitors.
The company has a proven track record of delivering solutions that provide a high return on investment and improved top-line growth for its customers. Furthermore, the shift to cloud-based solutions and the increasing complexity of regulatory compliance and revenue management processes provide a tailwind for Model N. I believe these factors make the company an attractive growth opportunity for those seeking exposure to the revenue management solutions market.
This article first appeared on GuruFocus.