Model n, inc. (MODN)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Sep'12
Assets
Current assets
Cash and cash equivalents

61,283

55,789

60,780

58,529

54,090

52,178

56,704

57,645

55,229

48,324

57,558

51,831

53,682

52,446

66,149

70,125

69,995

70,353

91,019

93,811

93,159

96,414

101,006

103,170

101,724

92,789

103,350

105,078

109,024

15,768

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,998

-

59

63

-

Accounts receivable, net of allowance for doubtful accounts of $31 as of March 31, 2020 and $51 as of September 30, 2019

26,448

31,111

26,953

25,505

19,450

27,556

28,273

31,707

31,490

38,679

24,784

33,715

27,016

19,263

19,925

19,782

22,454

22,202

16,106

20,853

17,950

16,719

15,203

17,946

20,394

16,692

16,140

20,146

15,101

12,468

Deferred cost of implementation services, current portion

-

-

-

-

-

-

-

-

-

-

-

679

921

1,201

1,630

1,465

1,067

633

498

504

421

314

251

249

395

494

491

1,121

1,116

1,077

Prepaid expenses

1,347

1,840

2,776

2,174

1,632

2,494

3,631

3,307

4,242

2,800

3,733

3,223

4,106

4,093

4,845

4,345

3,417

3,336

3,229

2,716

1,782

2,223

2,092

2,463

2,733

2,207

3,225

2,124

1,621

2,246

Other current assets

6,898

5,818

4,039

2,826

2,431

2,257

455

405

571

1,202

1,013

534

475

376

283

331

114

151

109

121

178

118

322

413

322

446

342

138

327

552

Total current assets

95,976

94,558

94,548

89,034

77,603

84,485

89,063

93,064

91,532

91,005

87,088

89,982

86,200

77,379

92,832

96,048

97,047

96,675

110,961

118,005

113,490

115,788

118,874

124,241

125,568

122,626

123,548

128,666

127,252

32,111

Property and equipment, net

726

856

1,043

1,232

1,413

1,709

2,146

2,496

3,043

3,823

4,611

5,531

6,399

5,748

6,141

6,638

7,042

7,452

7,553

7,657

7,675

7,481

6,889

6,801

6,638

7,089

7,871

6,913

5,966

4,590

Operating lease right-of-use assets

5,707

5,940

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

39,283

39,283

39,283

39,283

39,283

39,283

39,283

39,283

39,283

39,283

39,283

39,283

39,283

6,939

6,939

6,939

6,939

6,939

1,509

1,509

1,509

1,509

1,509

1,509

1,509

1,509

1,509

1,509

1,509

1,509

Intangible assets, net

26,723

27,894

29,131

30,496

31,861

33,226

34,597

35,977

37,358

38,738

40,156

41,573

42,991

5,320

5,684

6,067

6,449

6,832

317

378

439

504

587

670

753

835

918

1,001

1,083

1,248

Other assets

5,394

5,321

5,588

4,418

3,777

3,582

1,064

996

1,056

1,104

798

857

749

5,715

1,371

1,409

1,420

1,567

1,630

1,790

1,792

1,607

1,272

1,256

944

582

626

686

711

1,140

Total assets

173,809

173,852

169,593

164,463

153,937

162,285

166,153

171,816

172,272

173,953

171,936

177,226

175,622

101,101

112,967

117,101

118,897

119,465

121,970

129,339

124,905

126,889

129,131

134,477

135,412

132,641

134,472

138,775

136,521

40,598

Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable

3,172

2,439

2,302

2,688

2,414

3,387

1,664

1,383

2,319

4,240

3,002

3,729

3,848

3,793

3,334

2,333

1,507

1,547

1,597

3,405

2,558

1,711

1,369

255

287

153

468

2,282

539

196

Accrued employee compensation

11,148

9,779

19,906

13,556

9,759

8,608

14,211

12,376

9,521

9,143

14,996

13,874

11,548

7,403

8,349

8,372

7,603

7,616

9,047

9,051

7,845

8,353

9,194

11,532

11,074

13,384

13,941

10,419

8,045

7,650

Accrued liabilities

4,561

4,339

4,354

4,371

4,704

3,452

3,182

4,041

3,172

4,028

4,979

3,890

3,108

2,324

3,707

5,309

3,764

3,986

3,464

3,611

3,115

2,373

1,998

2,002

2,398

2,546

2,848

3,523

4,670

4,432

Operating lease liabilities, current portion

2,593

3,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, current portion

45,579

45,937

44,875

41,557

35,989

42,335

52,176

54,902

56,025

57,135

49,186

51,966

46,566

25,591

28,854

30,592

30,333

25,370

22,039

26,344

22,124

24,145

23,943

26,264

22,727

18,549

19,131

25,854

28,118

29,362

Long term debt, current portion

944

5,106

4,911

4,828

4,747

1,750

1,375

5,995

5,225

4,831

4,753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligations, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

97

191

318

433

519

555

Loan obligations, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

2,500

Total current liabilities

67,997

70,684

76,348

67,000

57,613

59,532

72,608

78,697

76,262

79,377

76,916

73,459

65,070

39,111

44,244

46,606

43,207

38,519

36,147

42,411

35,642

36,582

36,504

40,079

36,583

34,823

36,706

42,511

44,391

44,695

Deferred revenue, net of current portion

-

-

-

-

-

-

-

-

-

-

-

550

799

926

1,924

1,444

2,030

2,321

1,942

1,907

1,791

2,172

2,585

2,480

2,995

3,216

3,507

4,341

2,398

2,289

Long term debt

38,479

39,286

39,371

44,277

44,247

51,815

52,329

52,846

52,458

52,610

52,452

57,025

56,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, less current portion

3,481

3,303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

87

349

Loan obligations, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,397

2,627

Other long-term liabilities

1,630

1,241

1,152

1,070

885

821

1,182

1,651

1,369

1,266

1,307

1,025

830

663

597

644

629

702

819

993

986

947

1,078

678

671

661

641

684

688

1,125

Total liabilities

111,587

114,514

116,871

112,347

102,745

112,168

126,119

133,194

130,089

133,253

130,675

132,059

123,466

40,700

46,765

48,694

45,866

41,542

38,908

45,311

38,419

39,701

40,167

43,237

40,249

38,700

40,854

47,565

48,961

51,085

Commitments and contingencies

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Convertible preferred stock, $0.0005 par value; no shares authorized, issued and outstanding at September 30, 2019 and 2018, respectively

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

Convertible preferred stock, $0.00005 par value; no shares and 20,571 shares authorized, no shares and 20,103 shares issued and outstanding at September 30, 2013 and 2012, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,776

Stockholders’ equity
Common Stock, $0.00015 par value; 200,000 shares authorized; 34,249 and 32,995 shares issued and outstanding at March 31, 2020 and September 30, 2019, respectively

5

5

5

5

5

5

5

5

5

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

3

3

3

1

Preferred Stock, $0.00015 par value; 5,000 shares authorized; no shares issued and outstanding

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

284,099

275,866

266,295

259,834

255,931

249,053

244,814

239,372

227,107

221,639

217,052

211,899

208,503

204,419

202,506

196,980

192,862

188,844

186,159

182,067

178,733

174,849

172,245

168,530

165,657

159,453

156,032

154,312

152,099

9,045

Accumulated other comprehensive loss

-1,846

-1,126

-1,169

-969

-994

-1,099

-1,285

-874

-483

-393

-502

-465

-515

-676

-562

-587

-491

-491

-466

-363

-357

-370

-289

-224

-228

-278

-302

-242

-144

-120

Accumulated deficit

-220,036

-215,407

-212,409

-206,754

-203,750

-197,842

-203,500

-199,881

-184,446

-180,550

-175,293

-166,271

-155,836

-143,346

-135,746

-127,990

-119,344

-110,434

-102,635

-97,680

-91,894

-87,295

-82,996

-77,070

-70,270

-65,238

-62,115

-62,863

-64,398

-61,189

Total stockholders’ equity

62,222

59,338

52,722

52,116

51,192

50,117

40,034

38,622

42,183

40,700

41,261

45,167

52,156

60,401

66,202

68,407

73,031

77,923

83,062

84,028

86,486

87,188

88,964

91,240

95,163

93,941

93,618

91,210

87,560

-52,263

Total liabilities and stockholders’ equity

173,809

173,852

169,593

164,463

153,937

162,285

166,153

171,816

172,272

173,953

171,936

177,226

175,622

101,101

112,967

117,101

118,897

119,465

121,970

129,339

124,905

126,889

129,131

134,477

135,412

132,641

134,472

138,775

136,521

40,598