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May 31, 2022
Simulations Plus Q3 2022 Earnings Report
Simulations Plus' Q3 2022 results showed revenue growth across software and services, with increased EPS.
Key Takeaways
Simulations Plus reported a 17% increase in total revenue, driven by strong growth in both software (16%) and services (19%). The company's diluted EPS also increased by 11%.
Total revenue increased by 17% to $15.0 million.
Software revenue increased by 16% to $9.7 million, representing 64% of total revenue.
Services revenue increased by 19% to $5.3 million, representing 36% of total revenue.
Net income and diluted EPS were $4.1 million and $0.20, respectively, compared to $3.8 million and $0.18 in the corresponding prior year period.
Simulations Plus
Simulations Plus
Simulations Plus Revenue by Segment
Simulations Plus Revenue by Geographic Location
Forward Guidance
The company is reiterating its full-year revenue guidance at $52-53 million, and tightening the growth rate to 12-15%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income