Model N, Inc. Financial Ratios — MODN Stock

Profitability (USD)

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	8.02	-14.68	-1.06	-15.84	-15.64	-28.19	-27.76	-16.69	-11.49	-5.58	-8.69	-7.58	-7.6
Return on Capital (%)	- -	-8.88	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	63.49	58.69	51.89	54.68	53.83	55.67	49.81	53.42	57.75	53.18	59.33	55.21	55.69	56.62
EBITDA Margin (%)	4.9	5.92	-2.89	3.88	-20.37	-16.06	-25.06	-23.2	-8.07	-5.82	-0.69	-3.33	-1.81	1.65
Operating Margin (%)	2.3	4.06	-4.98	1.71	-24.91	-20.41	-30.61	-29.44	-13.44	-10.63	-4.1	-7.45	-5.91	-1.65
Incremental Operating Margin (%)	- -	10.11	- -	33.66	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	1.56	2.54	-6.4	-0.48	-25.07	-20.38	-30.64	-32.65	-18.26	-12.93	-7.98	-14.97	-12.39	-12.46
Profit Margin (%)	1.24	2.27	-6.76	-0.91	-25.54	-20.94	-30.95	-30.15	-18.24	-13.66	-8.48	-15.37	-13.07	-13.6
Net Income to Common Margin (%)	1.24	2.27	-6.76	-0.91	-25.54	-20.94	-30.95	-30.15	-18.24	-13.66	-8.48	-15.37	-13.07	-13.6
Effective Tax Rate (%)	20.51	10.4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023

Total Debt	- -	8	6	- -	- -	- -	- -	57	54	44	118	146	152	292
ST Debt	- -	3	3	- -	- -	- -	- -	5	1	5	1	5	5	4
LT Debt	- -	6	3	- -	- -	- -	- -	52	52	39	117	142	148	287
Total Debt/EBITDA	- -	2.19	-2.47	0.08	- -	- -	- -	-1.88	-4.3	-5.39	-106.47	-22.67	-38.4	70.96
Net Debt/EBITDA	- -	-2.86	4.37	-26.16	6.07	6.04	2.47	0.01	0.24	2.01	77.67	6.39	14.66	-5.11
Total Debt/EBIT	- -	3.19	-1.44	0.18	- -	- -	- -	-1.48	-2.58	-2.95	-17.86	-10.13	-11.75	-70.81
Net Debt/EBIT	- -	-4.17	2.54	-59.29	4.96	4.76	2.02	0.01	0.14	1.1	13.03	2.86	4.49	5.1
EBITDA to Interest Expense	7.01	5.7	-3.72	11.06	1,387.58	2,510.5	536.22	-7.32	-1.53	-2.8	-0.18	-0.45	-0.26	0.8
EBITDA-CapEx/Interest Expense	3.46	4.55	-6.41	7.17	1,540.5	2,856.33	578.26	-7.4	-1.56	-2.9	-0.27	-0.52	-0.33	0.71
EBIT to Interest Expense	3.28	3.91	-6.41	4.88	1,697.25	3,189.83	654.8	-9.28	-2.54	-5.12	-1.04	-1	-0.87	-0.8
Interest Expense	- -	1	1	- -	- -	- -	- -	4	8	3	6	14	15	5
Common Equity/Total Assets	- -	-150.17	-150.72	-46.19	-64.27	-84.14	-120.16	-101.95	-122.47	-125.24	-70.58	-70.32	-72.52	-59.36
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	127.12	130.71	74.68	93.45	114.58	109.61	248.66
Long-Term Debt/Capital (%)	- -	-12.16	-5.4	- -	- -	- -	- -	-44.42	-34.93	-23.42	-107.77	-128.96	-111.59	-5,383.71
Long-Term Debt/Total Assets (%)	- -	15.48	7.33	- -	- -	- -	- -	30.51	31.49	23.21	36.37	38.9	37.62	57.41
Total Debt/Equity (%)	- -	-16.97	-11.54	0.34	- -	- -	- -	138.64	134.15	83.99	94.62	118.25	113.07	252.48
Total Debt/Capital (%)	- -	-17.92	-10.93	-0.51	- -	- -	- -	-48.44	-35.85	-26.34	-109.12	-133.09	-115.11	-5,466.36
Total Debt/Total Assets (%)	- -	22.83	14.86	0.24	- -	- -	- -	33.27	32.32	26.11	36.83	40.15	38.8	58.29
Net Debt to Equity	- -	22.22	20.36	-110.4	-113.54	-109.58	-99.92	-0.86	-7.49	-31.29	-69.02	-33.33	-43.16	-18.19
Net Debt/Capital (%)	- -	16.86	15	62.58	54.9	47	32.76	0.2	1.45	7.21	27.89	14.96	17.84	6.85
EBITDA	2	4	-2	4	-17	-15	-27	-30	-12	-8	-1	-6	-4	4
EBITDA-CapEx	1	3	-4	3	-18	-17	-29	-31	-13	-9	-2	-7	-5	4
Operating Income (Loss)	1	3	-4	2	-20	-19	-33	-39	-21	-15	-7	-14	-13	-4

Liquidity (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023

Cash Ratio	- -	0.56	0.35	2.82	2.77	2.52	1.5	0.75	0.78	0.8	2.58	1.72	1.81	3.22
Current Ratio	- -	1.03	0.72	3.37	3.26	3.07	2.1	1.13	1.23	1.24	3.17	2.3	2.45	4.11
Quick Ratio	- -	0.97	0.63	3.26	3.18	2.96	1.95	1.07	1.17	1.15	3.04	2.16	2.27	3.88
CFO/Avg Current Liab	- -	0.19	0.15	-0.01	-0.17	-0.24	-0.31	-0.2	0.03	0.14	0.19	0.23	0.25	0.24
Common Equity/Total Assets	- -	-150.17	-150.72	-46.19	-64.27	-84.14	-120.16	-101.95	-122.47	-125.24	-70.58	-70.32	-72.52	-59.36
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	127.12	130.71	74.68	93.45	114.58	109.61	248.66
Long-Term Debt/Capital (%)	- -	-12.16	-5.4	- -	- -	- -	- -	-44.42	-34.93	-23.42	-107.77	-128.96	-111.59	-5,383.71
Long-Term Debt/Total Assets (%)	- -	15.48	7.33	- -	- -	- -	- -	30.51	31.49	23.21	36.37	38.9	37.62	57.41
Total Debt/Equity (%)	- -	-16.97	-11.54	0.34	- -	- -	- -	138.64	134.15	83.99	94.62	118.25	113.07	252.48
Total Debt/Capital (%)	- -	-17.92	-10.93	-0.51	- -	- -	- -	-48.44	-35.85	-26.34	-109.12	-133.09	-115.11	-5,466.36
Total Debt/Total Assets (%)	- -	22.83	14.86	0.24	- -	- -	- -	33.27	32.32	26.11	36.83	40.15	38.8	58.29
CFO/Total Liabilities	- -	3.59	6.16	-1.01	-15.06	-22.55	-26.35	-9.16	2	8.94	7.36	8.15	9.82	6.13
CFO/CapEx	3.82	4	3.25	-0.3	-3.3	-4.23	-5.86	-33.33	10.01	37.32	24.88	18.57	25.47	52.79
Altman's Z-Score	- -	-0.07	-0.8	3.27	3.57	3.82	2.58	-0.51	0.35	2.78	3.78	2.72	2.8	1.87

Working Capital (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023

Accounts Receivable Turnover	- -	9.69	6.5	7.12	5.22	5.99	5.94	5.87	5.83	5.11	5.13	4.9	4.75	4.5
Days Sales Outstanding	- -	37.66	56.14	51.23	69.97	60.94	61.47	62.21	62.62	71.36	71.1	74.51	76.86	81.12
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	225.27	186.37	139.1	41.09	28.03	21.78	19.29	28	33.35	24.66	22.19	18.29	22.29
Accounts Payable Turnover Days	- -	1.62	1.96	2.62	8.88	13.02	16.76	18.93	13.03	10.95	14.8	16.45	19.96	16.37
Cash Conversion Cycle	- -	36.04	54.18	48.61	61.08	47.91	44.71	43.28	49.59	60.42	56.31	58.06	56.9	64.75
Inventory to Cash Days	- -	37.66	56.14	51.23	69.97	60.94	61.47	62.21	62.62	71.36	71.1	74.51	76.86	81.12
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023

Market Capitalization	- -	- -	- -	158	241	260	304	428	481	895	1,200	1,188	1,258	930
- Cash & Cash Equivalents	- -	18	16	103	101	91	66	58	57	61	200	165	194	301
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	8	6	- -	- -	- -	- -	57	54	44	118	146	152	292
Enterprise Value	- -	-10	-10	55	140	169	238	428	478	878	1,117	1,169	1,216	920
Total Capital	- -	-47	-55	-62	-83	-103	-136	-118	-150	-168	-108	-110	-132	-5
Total Debt/Capital (%)	- -	-17.92	-10.93	-0.51	- -	- -	- -	-48.44	-35.85	-26.34	-109.12	-133.09	-115.11	-5,466.36
Total Debt / EV	- -	-0.84	-0.62	0.01	- -	- -	- -	0.13	0.11	0.05	0.11	0.12	0.13	0.32
EV/Sales	- -	- -	- -	0.54	1.71	1.81	2.23	3.26	3.09	6.22	6.94	6.04	5.55	3.69
EV/EBITDA	- -	- -	- -	13.96	- -	- -	- -	- -	- -	- -	- -	- -	- -	223.89
EV/EBIT	- -	- -	- -	31.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	208.3	- -	- -	- -	- -	44.74	64.82	52.88	34.01	29.61	31.49
EV/Free Cash Flow to Firm	- -	- -	- -	33.29	- -	- -	- -	- -	43.71	63.51	51.47	32.99	28.91	31.02
Diluted Market Cap	- -	- -	- -	158	241	260	304	428	481	895	1,200	1,188	1,258	930
Diluted Enterprise Value	- -	-10	-10	55	140	169	238	428	478	878	1,117	1,169	1,216	920
EV per Share	- -	- -	- -	3.45	5.72	6.51	8.69	14.94	15.75	27.25	32.85	32.95	33.11	24.15
TTM Sales	50	65	84	102	82	94	107	131	155	141	161	193	219	249
TTM EBITDA	2	4	-2	4	-17	-15	-27	-30	-12	-8	-1	-6	-4	4
TTM Operating Income	1	3	-4	2	-20	-19	-33	-39	-21	-15	-7	-14	-13	-4
TTM Cash Flow to Firm	5	4	6	- -	-6	-9	-12	-8	11	14	21	34	41	29
TTM Free Cash Flow to Firm	6	5	8	2	-4	-7	-10	-8	11	14	22	35	42	30

Multiples (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023

Price/Free Cash Flow	- -	- -	- -	161.75	-57.08	-38.88	-29.76	-36.9	173.46	83.39	80.07	57.54	47.86	38.66
EV/EBIT	- -	- -	- -	31.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	-10	-10	55	140	169	238	428	478	878	1,117	1,169	1,216	920
Low Price	- -	- -	- -	8.92	7.55	8.77	9.19	6.98	13.36	12.6	15	28.98	20.95	23.92
EV/Sales	- -	- -	- -	0.54	1.71	1.81	2.23	3.26	3.09	6.22	6.94	6.04	5.55	3.69
EV/EBITDA	- -	- -	- -	13.96	- -	- -	- -	- -	- -	- -	- -	- -	- -	223.89
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	-329.01	-11.78	-14.66	-9.22	-8.04	-18	-30.84	-78.82	-42.75	-35.71	-38.15
Price/Earnings High	- -	- -	- -	-427.95	-15.16	-16.82	-11.56	-10.9	-21.88	-48.88	-110.9	-57.48	-47.8	-48.47
Price/Earnings Low	- -	- -	- -	-153.94	-8.82	-11.62	-7.6	-5.05	-14.38	-21.04	-37.33	-34.56	-26.88	-26.85
Price/Book Value	- -	- -	- -	-2.55	-2.9	-2.54	-2.24	-2.44	-2.37	-4.21	-5.31	-4.64	-4.42	-3.13
Price/Book Value Average	- -	- -	- -	-4.91	-2.96	-2.8	-2.25	-1.81	-2.49	-2.8	-4.76	-4.97	-3.59	-4.36
Price/Book Value High	- -	- -	- -	-6.38	-3.81	-3.22	-2.82	-2.46	-3.03	-4.44	-6.7	-6.68	-4.81	-5.54
Price/Book Value Low	- -	- -	- -	-2.3	-2.22	-2.22	-1.85	-1.14	-1.99	-1.91	-2.26	-4.02	-2.71	-3.07
Price/Tangible Book Value	- -	- -	- -	1.73	2.77	3.21	5.68	-11.22	-14.22	-57.02	19.67	95.35	39.81	47.37
Price/Tangible Book Value Average	- -	- -	- -	3.34	2.83	3.54	5.7	-8.33	-15	-37.92	17.65	102.04	32.36	65.96
Price/Tangible Book Value High	- -	- -	- -	4.35	3.64	4.07	7.14	-11.29	-18.24	-60.1	24.84	137.19	43.32	83.8
Price/Tangible Book Value Low	- -	- -	- -	1.56	2.12	2.81	4.7	-5.23	-11.99	-25.87	8.36	82.48	24.36	46.42
Price/Sales	- -	- -	- -	1.55	2.94	2.78	2.84	3.27	3.11	6.34	7.45	6.14	5.74	3.73
Price/Sales Average	- -	- -	- -	2.99	3.01	3.07	2.85	2.42	3.28	4.21	6.69	6.57	4.67	5.19
Price/Sales High	- -	- -	- -	3.89	3.87	3.52	3.58	3.29	3.99	6.68	9.41	8.84	6.25	6.59
Price/Sales Low	- -	- -	- -	1.4	2.25	2.43	2.35	1.52	2.62	2.87	3.17	5.31	3.51	3.65
Price/Cash Flow	- -	- -	- -	-382.11	-39.76	-29.69	-24.68	-35.8	190.79	85.62	83.28	60.64	49.74	39.39
Price/Cash Flow Average	- -	- -	- -	-735.91	-40.64	-32.81	-24.77	-26.58	201.21	56.94	74.76	64.9	40.43	54.85
Price/Cash Flow High	- -	- -	- -	-957.2	-52.31	-37.66	-31.06	-36.04	244.66	90.25	105.19	87.25	54.13	69.68
Price/Cash Flow Low	- -	- -	- -	-344.32	-30.45	-26.01	-20.42	-16.7	160.78	38.85	35.41	52.46	30.44	38.6
Price/Free Cash Flow Average	- -	- -	- -	311.52	-58.33	-42.98	-29.86	-27.4	182.94	55.45	71.87	61.58	38.91	53.83
Price/Free Cash Flow High	- -	- -	- -	405.19	-75.08	-49.33	-37.44	-37.15	222.44	87.89	101.13	82.79	52.08	68.39
Price/Free Cash Flow Low	- -	- -	- -	145.76	-43.7	-34.07	-24.61	-17.22	146.18	37.83	34.04	49.78	29.29	37.88
EV/Sales Average	- -	- -	- -	1.98	1.77	2.1	2.24	2.42	3.26	4.1	6.17	6.47	4.48	5.15
EV/Sales High	- -	- -	- -	2.88	2.64	2.55	2.96	3.28	3.97	6.56	8.9	8.74	6.06	6.55
EV/Sales Low	- -	- -	- -	0.39	1.02	1.46	1.73	1.52	2.6	2.76	2.65	5.21	3.32	3.61
EV/EBITDA Average	- -	-2.59	4	51.05	-8.7	-13.07	-8.92	-10.44	-40.44	-70.37	-897.54	-194.34	-247.51	312.66
EV/EBITDA High	- -	-2.59	4	74.24	-12.94	-15.89	-11.81	-14.16	-49.22	-112.71	-1,293.2	-262.31	-334.86	397.88
EV/EBITDA Low	- -	-2.59	4	10	-5	-9.1	-6.92	-6.56	-32.27	-47.37	-385.92	-156.51	-183.77	219.34
EV/EBIT Average	- -	-3.77	2.32	115.68	-7.11	-10.28	-7.3	-8.23	-24.29	-38.54	-150.54	-86.85	-75.73	-311.98
EV/EBIT High	- -	-3.77	2.32	168.24	-10.58	-12.51	-9.67	-11.16	-29.56	-61.73	-216.9	-117.23	-102.46	-397.01
EV/EBIT Low	- -	-3.77	2.32	22.67	-4.09	-7.17	-5.66	-5.17	-19.38	-25.95	-64.73	-69.95	-56.23	-218.86
Last Price	- -	- -	- -	9.9	9.86	10.01	11.11	14.95	15.85	27.76	35.28	33.5	34.23	24.41
High Price	- -	- -	- -	24.8	12.97	12.7	13.98	15.05	20.32	29.26	44.56	48.2	37.25	43.18
Enterprise Value Average	- -	-10	-10	202	145	197	239	318	505	578	994	1,252	981	1,284
Enterprise Value High	- -	-10	-10	293	215	239	317	431	614	927	1,433	1,690	1,327	1,635
Enterprise Value Low	- -	-10	-10	40	83	137	185	199	403	389	428	1,008	728	901

Shares Outstanding	- -	21	21	23	25	27	28	29	31	33	35	36	37	39
Diluted Weighted Avg Shares	15	7	15	16	24	26	27	29	30	32	34	35	37	38
Basic Weighted Avg Shares	15	7	15	16	24	26	27	29	30	32	34	35	37	38
Revenue per Share	3.35	8.9	5.51	6.38	3.35	3.6	3.91	4.58	5.09	4.38	4.74	5.46	5.96	6.55
EBITDA per Share	0.16	0.53	-0.16	0.25	-0.68	-0.58	-0.98	-1.06	-0.41	-0.26	-0.03	-0.18	-0.11	0.11
Operating Income per Share	0.08	0.36	-0.27	0.11	-0.83	-0.74	-1.2	-1.35	-0.68	-0.47	-0.19	-0.41	-0.35	-0.11
Basic EPS, GAAP	0.04	0.2	-0.37	-0.06	-0.86	-0.75	-1.21	-1.38	-0.93	-0.6	-0.4	-0.84	-0.78	-0.89
Basic EPS from Cont Ops	0.04	0.2	-0.37	-0.06	-0.86	-0.75	-1.21	-1.38	-0.93	-0.6	-0.4	-0.84	-0.78	-0.89
Diluted EPS, GAAP	0.04	0.2	-0.37	-0.06	-0.86	-0.75	-1.21	-1.38	-0.93	-0.6	-0.4	-0.84	-0.78	-0.89
Diluted EPS from Cont Ops	0.04	0.2	-0.37	-0.06	-0.86	-0.75	-1.21	-1.38	-0.93	-0.6	-0.4	-0.84	-0.78	-0.89
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.32	0.43	0.37	-0.03	-0.25	-0.34	-0.45	-0.42	0.08	0.32	0.42	0.55	0.69	0.62
Free Cash Flow per Basic Share	0.23	0.32	0.26	-0.11	-0.32	-0.42	-0.53	-0.43	0.07	0.32	0.41	0.52	0.66	0.61
Cash & Equivalents per Share	- -	2.52	1.03	6.47	4.14	3.5	2.42	2.01	1.87	1.89	5.9	4.67	5.27	7.91
Book Value per Share	- -	-7.58	-4	-3.89	-3.4	-3.95	-4.96	-6.12	-6.7	-6.59	-6.65	-7.21	-7.74	-7.8
Tangible Book Value per Share	- -	-6.83	-3.6	5.71	3.56	3.12	1.96	-1.33	-1.11	-0.49	1.79	0.35	0.86	0.52

Model N, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)