Simulations Plus Q1 revenue $14.5M (+21% YoY), EPS $0.10; maintains FY guidance; appoints COO

Simulations Plus, Inc.

2024-Q1 EPS reported $0.10 revenue$14,500,000

Q1 revenue $14.5M (+21% YoY), diluted EPS $0.10 (vs $0.06), adjusted EBITDA $3.4M (23% of revenue).
Maintains FY2024 guidance: revenue $66-69M (+10-15%), diluted EPS $0.66-0.68.
Declares $0.06/share quarterly dividend, payable Feb 5, 2024, record Jan 29, 2024.
Will Frederick appointed as COO in addition to CFO; Dan Szot joins as CRO.
Josh Fohey promoted to SVP Operations; Sandra Suarez-Sharp promoted to President Regulatory Strategies.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Will Frederick

Chief Operating Officer

SLP · Simulations Plus, Inc.

Effective: 2024-01-03
Filed: January 3, 2024, 6:59 PM ET

Will Frederick, the Company’s Chief Financial Officer, was appointed to the additional role of Chief Operating Officer.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Simulations Plus, Inc. reported first quarter fiscal 2024, ended November 30, 2023 results: revenue $14.5 million, net income $1.9 million, EPS $0.10. Guidance reaffirmed.

Period: first quarter fiscal 2024, ended November 30, 2023
Revenue: $14.5 million
Net income: $1.9 million
EPS: $0.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Simulations Plus Reports First Quarter Fiscal 2024 Financial Results Total revenue of $14.5 million and diluted earnings per share (EPS) of $0.10 Maintains full-year revenue guidance of $66 to $69 million (+10-15%) and EPS guidance of $0.66 to $0.68 LANCASTER, CA, January 3, 2024 – Simulations Plus, Inc. (NASDAQ: SLP) (“Simulations Plus”), a leading provider of modeling and simulation software and services for pharmaceutical safety and efficacy, today reported financial results for its first quarter fiscal 2024, ended November 30, 2023. First Quarter Financial Highlights • Total revenue increased 21% to $14.5 million • Software revenue increased 25% to $7.6 million, representing 52% of total revenue • Services revenue increased 17% to $6.9 million, representing 48% of total revenue • Gross profit increased 6% to $9.8 million; gross margin was 68% • Adjusted EBITDA of $3.4 million, representing 23% of total revenue • Net income of $1.9 million and diluted earnings per share (EPS) of $0.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Will Frederick was appointed as Chief Operating Officer at Simulations Plus, Inc..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Will Frederick, the Company’s Chief Financial Officer, was appointed to the additional role of Chief Operating Officer.

View on SEC.gov

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Simulations Plus, Inc. filing history →

Source: SEC EDGAR

accession 0001023459-24-000003

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