Simulations Plus Q2 rev $18.3M (+16%); EPS $0.20 flat; FY guidance reaffirmed

Simulations Plus, Inc.

2024-Q2 EPS reported $0.29 revenue$32,805,000

Revenue $18.3M (+16% YoY); software $11.6M (+11%), services $6.7M (+27%).
Net income $4.0M, diluted EPS $0.20 (unchanged). Adjusted EBITDA $7.1M (39% margin).
Gross margin 72% vs 83% a year ago, partly due to cost reclassification.
FY2024 guidance reaffirmed: revenue $66-69M, EPS $0.66-$0.68.
Dividend declared $0.06/share, payable May 6 to holders of record April 29.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Simulations Plus, Inc. reported Full Year Fiscal 2024 results: revenue $66M - $69M, EPS $0.66 - $0.68. Guidance reaffirmed.

Period: Full Year Fiscal 2024
Revenue: $66M - $69M
EPS: $0.66 - $0.68
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Fiscal 2024 Guidance Fiscal 2024 Guidance Annual Increase Revenue $66M - $69M 10 - 15% Software mix 55 - 60% — Services mix 40 - 45% — Diluted earnings per share $0.66 - $0.68 35 - 39%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Simulations Plus, Inc. reported Second Quarter Fiscal 2024 ended February 29, 2024 results: revenue $18.3 million, net income $4.0 million, EPS $0.20.

Period: Second Quarter Fiscal 2024 ended February 29, 2024
Revenue: $18.3 million
Net income: $4.0 million
EPS: $0.20
Result: reported results

Exact text from the filing

Second Quarter 2024 Financial Highlights (compared to second quarter 2023) • Total revenue increased 16% to $18.3 million • Software revenue increased 11% to $11.6 million, representing 63% of total revenue • Services revenue increased 27% to $6.7 million, representing 37% of total revenue • Gross profit increased to $13.2 million; gross margin was 72% • Adjusted EBITDA of $7.1 million, representing 39% of total revenue • Net income of $4.0 million and diluted earnings per share (EPS) of $0.20 versus net income of $4.2 million and diluted EPS of $0.20

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Simulations Plus, Inc. filing history →

Source: SEC EDGAR

accession 0001023459-24-000045

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