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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.
Simulations Plus
Simulations Plus
Simulations Plus Revenue by Segment
Simulations Plus Revenue by Geographic Location
Revenue by Segment
Software Revenue
CapyFin.comServices Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com 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