Model N (MODN) shares are oscillating in AH trading, now up 2.5%, after the company beat expectations in FQ4 but issued worrying full-year guidance.
Management guides for FQ1 revenue of $21M-$21.5M (vs. consensus of $20.3M) and EPS of -$0.13 to -$0.13 (-$0.07). For the full FY2014, it expects revenue of $72M-$80M ($75.7M) and EPS of -$0.96 to -$0.80 (-$0.29).
Shares of Model N (MODN) continue to fall, down 34.9% pre-market, as JPMorgan downgrades the company to Neutral, Stifel Nicolaus downgrades to Hold, Pacific Crest downgrades to Perform, and Raymond James downgrades to Perform.
Shares of Model N (MODN) are plummeting, down 28.3% AH, after the company releases underwhelming quarterly and full year guidance. Management forecasts FQ1 revenue revenue of $20M-$21M (consensus of $26.35M) and FY 2014 revenue of $70M-$80M (consensus of $118M).