model

Model N (MODN) Announces Upbeat Preliminary Results for Q4

Model N, Inc MODN recently reported preliminary fourth-quarter fiscal 2020 results, wherein the management stated that the company’s revenue and profitability metrics exceeded the previously announced guidance. The stock was up 1.7% to $36.22 following the announcement on Oct 8.

Model N’s transformation to a Software-as-a-Service (SaaS) based model is driving top-line growth along with strength in logo business and new client additions.

The upbeat preliminary results augur well for the upcoming earnings release, as it hints toward upward estimate revisions and plausible revenue beat. Markedly, Model N is scheduled to report fourth-quarter 2020 results on Nov 10, 2020.

Model N, Inc. Price and Consensus

 

Model N, Inc. Price and Consensus

Model N, Inc. price-consensus-chart | Model N, Inc. Quote

 

Model N also announced that David Barter was stepping down as the chief financial officer to pursue new opportunities. The company noted that search was on for his replacement and in the interim, Barter will assist

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shopping

Middleburg approves new Pearl Road shopping plaza preliminary design

MIDDLEBURG HEIGHTS, Ohio — Business owner Heepal Patel will be bringing an impressive new shopping center to Pearl Road in Middleburg Heights.

Planning Commission on Sept. 23 unanimously approved the preliminary design for The Plaza on Pearl, a development to be constructed at 7168 Pearl Road. It will have India Grocers as the anchor business and other tenants occupying new storefronts alongside.

Patel has operated India Grocers in Parma Heights since 1994, but the store has outgrown its current space. The new location is situated between Get Air indoor trampoline park and Maserati of Cleveland.

“Our initial idea for this project was that we could create a larger store we very desperately need,” Patel explained, noting his “very, very loyal customer base” travels great distances to shop there. “But we had a grander idea to capitalize on those out-of-town customers by building more tenant space and giving the local

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