Loading...
•
Aug 31, 2022
Simulations Plus Q4 2022 Earnings Report
Reported strong fourth quarter and full-year fiscal 2022 financial results.
Key Takeaways
Simulations Plus reported a strong fourth quarter with a 19% increase in total revenue to $11.7 million. Full-year revenue grew by 16% to $53.9 million, and diluted earnings per share increased by 28% to $0.60.
Total revenue increased 19% to $11.7 million.
Software revenue increased 10% to $5.9 million, representing 50% of total revenue.
Services revenue increased 30% to $5.8 million, representing 50% of total revenue.
Net income was $1.0 million, or $0.05 per diluted share, compared to $0.3 million, or $0.01 per diluted share.
Revenue by Segment
Forward Guidance
Simulations Plus provides Fiscal 2023 guidance for total revenue of $59.3 million to $62.0 million (+10% to 15%) and diluted earnings per share of $0.63-$0.67 (5-10%).
Positive Outlook
- Expected revenue growth rate for fiscal 2023 is in line with long-term organic growth rate target of 10-15%.
- Full-year renewal rates are expected to be in-line with historical patterns.
- Company expects to invest in employee growth, recruiting and retention.
- Medium to long-term, expect to see a return to higher levels of operating leverage and margins.
- Deliver on long-term organic revenue growth targets of 10-15%.
Challenges Ahead
- Expect seasonal revenue patterns to shift with changes in renewal patterns.
- Impact of somewhat slower renewal patterns on the part of clients is expected to continue into fiscal 2023.
- Sets up for lower-than-normal first fiscal-quarter revenue growth, roughly flat year-over-year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...