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May 31, 2024
Simulations Plus Q3 2024 Earnings Report
Simulations Plus reported Q3 2024 financial results with revenue increase and EPS decrease.
Key Takeaways
Simulations Plus reported a 14% increase in total revenue to $18.5 million for the third quarter of fiscal year 2024. EPS was $0.15, compared to $0.20 in the same quarter last year. The company maintains full-year revenue guidance of $69 to $72 million and updates EPS guidance.
Total revenue increased 14% to $18.5 million.
Software revenue increased 12% to $11.9 million, representing 64% of total revenue.
Services revenue increased 18% to $6.6 million, representing 36% of total revenue.
Net income was $3.1 million, with diluted earnings per share (EPS) of $0.15.
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 $69 million to $72 million and updates EPS guidance. The Clinical Simulations and Medical Communications (CSMC) business unit is expected to contribute approximately $3 million to fiscal 2024 revenue.
Positive Outlook
- Full-year revenue is expected to be between $69 million and $72 million.
- CSMC business unit is expected to contribute approximately $3 million to fiscal 2024 revenue.
- Healthy pipeline entering the final fiscal quarter of 2024.
- Disciplined growth strategy is expected to deliver long-term returns for shareholders.
- Biotech funding is starting to show signs of recovery.
Challenges Ahead
- Spending patterns among large pharmaceutical companies vary, with some increasing expenditures while others remain conservative.
- There can be no assurances that expected or anticipated results or events will actually take place.
- Our ability to successfully integrate the Pro-ficiency business with our own, as well as expenses we may incur in connection therewith
- Our ability to maintain our competitive advantages.
- Acceptance of new software and improved versions of our existing software by our customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income