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Model N reports 4Q loss

REDWOOD CITY, Calif. (AP) _ Model N Inc. (MODN) on Tuesday reported a loss of $9 million in its fiscal fourth quarter.

The Redwood City, California-based company said it had a loss of 31 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 6 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The provider of revenue management services to the life science and technology industries posted revenue of $35.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $35.3 million.

For the year, the company reported that its loss widened to $39.5 million, or $1.38 per share. Revenue was reported as $131.2 million.

For the current quarter ending in January, Model N expects its results to range from a loss of 7 cents per share to a loss of 5 cents per share.

The company said it expects revenue in the range of $37 million to $37.5 million for the fiscal first quarter.

Model N expects full-year results to range from a loss of 23 cents per share to a loss of 13 cents per share, with revenue ranging from $147 million to $150 million.

Model N shares have climbed 55 percent since the beginning of the year. The stock has increased 36 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MODN at https://www.zacks.com/ap/MODN