---
schema_version: "secwatch.filing_event.v1"
accession: "0001023459-24-000003"
form_type: "8-K"
ticker: "SLP"
cik: "0001023459"
company_name: "Simulations Plus, Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:28:16.095404+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001023459-24-000003
- form_type: 8-K
- ticker: SLP
- cik: 0001023459
- company_name: Simulations Plus, Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000003/0001023459-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000003/slp-20240103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023459-24-000003
- JSON: https://secwatch.observer/filing/0001023459-24-000003.json
- Plain text: https://secwatch.observer/filing/0001023459-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000003/0001023459-24-000003-index.htm
- Executive change
  Will Frederick was appointed as Chief Operating Officer at Simulations Plus, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Will Frederick, the Company’s Chief Financial Officer, was appointed to the additional role of Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000003/0001023459-24-000003-index.htm

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