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Nov 30, 2024

Simulations Plus Q1 2025 Earnings Report

Simulations Plus had a strong start to fiscal year 2025, with total revenue increasing by 31% year-over-year, driven by strong software growth.

Key Takeaways

Simulations Plus reported a 31% increase in total revenue for the first quarter of fiscal year 2025, primarily driven by a 41% increase in software revenue. The company's MonolixSuiteâ„¢ and Quantitative Systems Pharmacology (QSP) business units showed significant growth. However, the services segment faced temporary headwinds due to client-driven data delays.

Total revenue increased 31% to $18.9 million.

Software revenue increased 41% to $10.7 million, representing 57% of total revenue.

Services revenue increased 19% to $8.2 million, representing 43% of total revenue.

Adjusted EBITDA of $4.5 million, representing 24% of total revenue, compared to $3.4 million, representing 23% of total revenue.

Total Revenue
$18.9M
Previous year: $14.5M
+30.5%
EPS
$0.17
Previous year: $0.1
+70.0%
Gross Profit
$10.2M
Previous year: $9.85M
+3.8%
Cash and Equivalents
$6.19M
Previous year: $114M
-94.6%
Free Cash Flow
-$1.36M
Previous year: $162K
-939.5%
Total Assets
$197M
Previous year: $186M
+6.0%

Simulations Plus

Simulations Plus

Simulations Plus Revenue by Segment

Simulations Plus Revenue by Geographic Location

Forward Guidance

Simulations Plus provided its fiscal year 2025 guidance, expecting revenue between $90 million and $93 million, representing a growth of 28-33%. They anticipate the software mix to be between 55-60% and adjusted EBITDA margin between 31-33%. Adjusted diluted EPS is expected to be between $1.07 and $1.20.

Positive Outlook

  • Revenue between $90M - $93M
  • Revenue growth 28 - 33%
  • Software mix 55 - 60%
  • Adjusted EBITDA margin 31 - 33%
  • Adjusted diluted EPS $1.07 - $1.20

Revenue & Expenses

Visualization of income flow from segment revenue to net income