| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 63.5MM | -1% |
| Gross Profit | 35.6MM | -3% |
| Cost Of Revenue | 27.9MM | +3% |
| Operating Income | -2.7MM | - |
| Operating Expenses | 38.3MM | +3% |
| Net Income | -1.8MM | -386% |
| R&D | 12.7MM | +6% |
| G&A | 11.6MM | -2% |
| Marketing | 14MM | +4% |
| Amortization | 1.7MM | -6% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Model N last week agreed to be taken private by investment firm Vista Equity for about $1.25 billion. "We believe the proposed acquisition materially undervalues Model N's outlook as a public company or value to strategic or financial buyers," ClearBridge said in its letter to Model N. The equity manager said the board and the company's advisers should remain open minded to potentially superior offers or Model N shareholders should consider the potential long-term value creation in staying a s...
Global equity manager ClearBridge Investments said on Monday it has urged Model N's board to reconsider the proposed acquisition of the healthcare IT firm by Vista Equity Partners. Model N last week agreed to be taken private by investment firm Vista Equity for about $1.25 billion. "We believe the proposed acquisition materially undervalues Model N's outlook as a public company or value to strategic or financial buyers," ClearBridge said in its letter to Model N.
NEW YORK, April 15, 2024--ClearBridge Investments sends letter to Model N, Inc. to urge Board of Directors to reconsider recently announced agreement to be acquired.
Model N (MODN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
For Model N (MODN), the acquisition by Vista opens doors to enhanced resources, positioning it for sustained growth and market leadership in the years to come.
Vista will acquire all the outstanding shares of Model N for $30 per share, according to the terms of the agreement, representing a premium of 10.7% to the company's last close. Model N provides revenue management software to the life sciences and high-tech industries. Its customers comprise pharmaceutical companies, semiconductor manufacturers and medical device makers including Johnson & Johnson, AstraZeneca and Microchip Technology.
Healthcare IT firm Model N said on Monday it has entered into an agreement to be taken private by investment firm Vista Equity Partners for about $1.25 billion, sending its shares up 9.3% at $29.60 in premarket trading. Vista will acquire all the outstanding shares of Model N for $30 per share, according to the terms of the agreement, representing a premium of 10.7% to the company's last close. Model N provides revenue management software to the life sciences and high-tech industries.
SAN MATEO, Calif., April 08, 2024--Model N (NYSE: MODN), a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, today announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...
ClearBridge Investments, an investment management company, released its “ClearBridge Select Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy outperformed its Russell 3000 Index benchmark in the quarter. The strategy gained nine of the ten sectors in which it was invested on an absolute basis. Overall stock selection […]