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Nov 30, 2020
Simulations Plus Q1 2021 Earnings Report
Reported record first quarter financial results, showing revenue growth and increased profitability.
Key Takeaways
Simulations Plus reported strong first-quarter results with a 14% year-over-year revenue increase to $10.7 million and increased profitability, driven by strategic investments and the acquisition of Lixoft.
First quarter revenue reached $10.7 million, a 14% increase year-over-year.
The company signed a large COVID-19-related consulting services project.
A new three-year project was signed with a large private foundation.
The Board of Directors announced a quarterly dividend of $0.06 per share.
Simulations Plus
Simulations Plus
Forward Guidance
Simulations Plus anticipates continued organic growth of 15% to 20% in fiscal year 2021, supported by strong demand for consulting services and upcoming releases of next-generation software products.
Positive Outlook
- Strong demand for consulting services.
- Next generation releases of several software products are scheduled for fiscal 2021.
- Strategic investments in sales and marketing infrastructure.
- Growing reliance on modeling and simulation in drug development.
- Acquisition of Lixoft expanded addressable market.