Simulations Plus Q3 revenue $18.5M (+14% YoY), EPS $0.15; discontinues dividend

Simulations Plus, Inc.

2024-Q3 EPS reported $0.45 revenue$51,349,000

Total revenue $18.5M, up 14% YoY; net income $3.1M vs $4.0M; diluted EPS $0.15 vs $0.20.
Adjusted diluted EPS $0.19 vs $0.21; Adjusted EBITDA $5.7M (31% of revenue) vs $6.5M (40%).
Software revenue $11.9M (+12%), services revenue $6.6M (+18%); backlog $19.6M.
Board discontinues quarterly cash dividend; final $0.06/share payable Aug 5 to holders of record July 29.
FY24 guidance: revenue $69-72M, diluted EPS $0.46-0.48, adjusted diluted EPS $0.54-0.56.

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