Company name:
Model N Inc
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IPO SHARE PRICE:$15.00
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IPO DATE:20 March 2013
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TICKER:MODN
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:777 Mariners Island Boulevard Suite 300 94404 San Mateo California
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FISCAL YEAR END:September 30
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Model N Inc
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Balance Sheet
(USD in thousand)
42.6%
11.8%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
57.6%
42.6% —
Cash and cash equivalents
11.8% —
Accounts Receivable
2.0% —
Other short-term assets
1.1% —
Prepaid expenses
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$56,704 | $60,780 | $200,491 | $143,517 | ||||||
| Accounts Receivable | 28,273 | 26,953 | 35,796 | 39,807 | ||||||
| Prepaid expenses | 3,631 | 2,776 | 2,797 | 3,678 | ||||||
| Deferred cost of implementation services current portion | - | - | - | - | ||||||
| Other short-term assets | 455 | 4,039 | 7,314 | 6,777 | ||||||
| Total current assets | $89,063 | $94,548 | $246,398 | $193,779 |
4.7%
15.3%
19.9%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
42.4%
19.9% —
Goodwill
15.3% —
Intangible assets
4.7% —
Operating lease - right-of-use assets
2.1% —
Other assets non-current
0.5% —
Property and equipment net
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| Property and equipment net | 2,146 | 1,043 | 1,034 | 1,568 | ||||||
| Operating lease - right-of-use assets | - | - | 3,332 | 15,837 | ||||||
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Intangible assets
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34,597 | 29,131 | 24,380 | 51,418 | ||||||
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Goodwill
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39,283 | 39,283 | 39,283 | 66,860 | ||||||
| Other assets non-current | - | 5,588 | 5,863 | 7,055 | ||||||
| Other non-current assets | 1,064 | 5,588 | - | - | ||||||
| Total non-current assets | 77,090 | 75,045 | 73,892 | 142,738 |
| Total assets | $166,153 | $169,593 | $320,290 | $336,517 |
16.5%
3.4%
34.7%
4.0%
106.1%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
23.7%
16.5% —
Current portion of deferred revenue
3.4% —
Accrued employee compensation
1.7% —
Accounts payable
1.5% —
Accrued liabilities
0.6% —
Current portion of Operating leases
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| Accounts payable | $1,664 | $2,302 | $3,009 | $5,833 | ||||||
| Accrued employee compensation | 14,211 | 19,906 | 17,056 | 11,513 | ||||||
| Accrued liabilities | 3,182 | 4,354 | 5,237 | 5,036 | ||||||
| Current portion of deferred revenue | 52,176 | 44,875 | 50,904 | 55,638 | ||||||
| Current debt | - | - | - | - | ||||||
| Current maturities of long-term debt | 1,375 | 4,911 | - | - | ||||||
| Short-term debt | - | - | - | - | ||||||
| Current portion of Capital leases | - | - | - | - | ||||||
| Current portion of Operating leases | - | - | 1,460 | 1,889 | ||||||
| Total current liabilities | $72,608 | $76,348 | $77,666 | $79,909 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
39.2%
34.7% —
Long-term debt
4.0% —
Operating leases
0.4% —
Other non-current liabilities
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
37.1%
106.1% —
Additional paid-in capital
0.0% —
Common stock
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Convertible preferred stock
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- | - | - | - | ||||||
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Preferred Stock
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- | - | - | - | ||||||
| Common stock | 5 | 5 | 5 | 5 | ||||||
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Accumulated deficit
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(203,500) | (212,409) | (226,073) | (231,226) | ||||||
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Additional paid-in capital
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244,814 | 266,295 | 351,952 | 357,106 | ||||||
| Accumulated other comprehensive loss | (1,285) | (1,169) | (1,213) | (1,031) | ||||||
| Total Equity | $40,034 | $52,722 | $124,671 | $124,854 |
| Total Liabilities and Equity | $166,153 | $169,593 | $320,290 | $336,517 |