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Nov 30, 2023
Simulations Plus Q1 2024 Earnings Report
Simulations Plus reported first quarter fiscal year 2024 financial results.
Key Takeaways
Simulations Plus reported a successful start to fiscal year 2024, with a 21% increase in total revenue to $14.5 million and diluted earnings per share of $0.10. The company maintains its full-year revenue and EPS guidance.
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.
Net income was $1.9 million, with diluted earnings per share (EPS) of $0.10.
Revenue by Segment
Forward Guidance
Simulations Plus maintains its full-year revenue guidance of $66 to $69 million (+10-15%) and EPS guidance of $0.66 to $0.68.
Positive Outlook
- Revenue guidance of $66M - $69M, a 10-15% annual increase
- Software mix of 55-60%
- Services mix of 40-45%
- Diluted earnings per share of $0.66 - $0.68, a 35-39% increase
- Company declared a cash dividend of $0.06 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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