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Aug 31, 2023
Simulations Plus Q4 2023 Earnings Report
Simulations Plus reported a strong fourth quarter and fiscal year 2023, marked by revenue growth and strategic acquisitions.
Key Takeaways
Simulations Plus reported a 33% increase in Q4 revenue to $15.6 million, driven by a 59% increase in software revenue and an 8% increase in services revenue. The company's adjusted EPS was $0.18, with a net income of $0.5 million.
Total revenue increased by 33% to $15.6 million.
Software revenue increased by 59% to $9.3 million, representing 60% of total revenue.
Services revenue increased by 8% to $6.3 million, representing 40% of total revenue.
Adjusted EPS was $0.18.
Simulations Plus
Simulations Plus
Simulations Plus Revenue by Segment
Simulations Plus Revenue by Geographic Location
Forward Guidance
Simulations Plus provided fiscal year 2024 revenue guidance of $66 million - $69 million (+10-15%) and EPS guidance of $0.66 - $0.68.
Positive Outlook
- Revenue guidance of $66M - $69M (+10-15%).
Revenue & Expenses
Visualization of income flow from segment revenue to net income