---
schema_version: "secwatch.filing_event.v1"
accession: "0001023459-23-000009"
form_type: "8-K"
ticker: "SLP"
cik: "0001023459"
company_name: "Simulations Plus, Inc."
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:06:23.842988+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Simulations Plus Q1 revenue down 4% to $12M; EPS falls to $0.06; announces $50M buyback

## Summary
- Q1 revenue $12.0M (-4% YoY); diluted EPS $0.06 vs $0.15; net income $1.2M.
- Software revenue $6.1M (-17%); services revenue $5.9M (+17%); adjusted EBITDA $3.0M (25% margin).
- Board authorized $50M share repurchase program including $20M accelerated repurchase expected in Q2.
- Quarterly dividend declared $0.06/share, payable Feb 6, 2023 to holders of record Jan 30.
- FY23 guidance reaffirmed: revenue $59.3M-$62.0M (10-15% growth); EPS $0.63-$0.67.

## SEC filing metadata
- accession: 0001023459-23-000009
- form_type: 8-K
- ticker: SLP
- cik: 0001023459
- company_name: Simulations Plus, Inc.
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023459/000102345923000009/0001023459-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023459/000102345923000009/slp-20230104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023459-23-000009
- JSON: https://secwatch.observer/filing/0001023459-23-000009.json
- Plain text: https://secwatch.observer/filing/0001023459-23-000009.txt

## Key facts
- Earnings Releases
  Simulations Plus, Inc. reported first quarter of fiscal 2023, ended November 30, 2022 results: revenue $12.0 million, net income $1.2 million, EPS $0.06. Guidance reaffirmed.
  - Period: first quarter of fiscal 2023, ended November 30, 2022
  - Revenue: $12.0 million
  - Net income: $1.2 million
  - EPS: $0.06
  - Guidance: reaffirmed
  - Result: reported results
  source text: First Quarter Financial Highlights (Fiscal 2023 vs. Fiscal 2022): • Total revenue decreased 4% to $12.0 million; • Software revenue decreased 17% to $6.1 million, representing 51% of total revenue; • Services revenue increased 17% to $5.9 million, representing 49% of total revenue; • Gross profit decreased 4% to $9.3 million; gross margin was 78%; • Net income of $1.2 million and diluted EPS of $0.06, compared to net income of $3.0 million and diluted EPS of $0.15; • Adjusted EBITDA of $3.0 million, representing 25% of total revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023459/000102345923000009/0001023459-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.