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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
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