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May 31, 2023
Simulations Plus Q3 2023 Earnings Report
Simulations Plus reported Q3 2023 financial results with a revenue increase of 9% and EPS of $0.20.
Key Takeaways
Simulations Plus reported a solid third quarter with revenue in line with expectations, driven by strong performance in the software segment and growth in services. The company maintains its full-year revenue and EPS guidance.
Total revenue increased 9% to $16.2 million.
Software revenue increased 10% to $10.6 million, representing 65% of total revenue.
Services revenue increased 5% to $5.6 million, representing 35% of total revenue.
Diluted EPS was $0.20, consistent with the previous year.
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 full-year revenue guidance of $59.3 - $62.0 million (+10-15%) and EPS guidance of $0.63 - $0.67.
Positive Outlook
- Full-year revenue guidance of $59.3M - $62.0M (+10-15%).
- Full-year EPS guidance of $0.63 - $0.67.
- Customer pipeline remains solid.
- Profitability is strong.
- Balance sheet is sound.
Revenue & Expenses
Visualization of income flow from segment revenue to net income