Model N (MODN) Q2 Earnings Miss Despite Top-Line Growth

Model N, Inc. (MODN) delivered mixed second-quarter fiscal 2024 results, with the top line beating the Zacks Consensus Estimate but the bottom line missing the same. This San Mateo, CA-based company recorded a top-line expansion year over year, driven by healthy demand for cloud revenue management solutions in several end markets.Net IncomeOn a GAAP basis, the company incurred a net loss of $1.4 million or a loss of 4 cents per share compared with a loss of $33.3 million or a loss of 88 cents per share in t ...