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Aug 31, 2024
Simulations Plus Q4 2024 Earnings Report
Simulations Plus reported Q4 2024 financial results, with revenue increasing by 19% and EPS increasing to $0.04.
Key Takeaways
Simulations Plus reported strong Q4 2024 results, with total revenue increasing by 19% to $18.7 million. The company's software and services segments both contributed to the growth, with software revenue increasing by 6% and services revenue increasing by 39%.
Total revenue increased 19% to $18.7 million.
Software revenue increased 6% to $9.9 million, representing 53% of total revenue.
Services revenue increased 39% to $8.8 million, representing 47% of total revenue.
Net income of $0.8 million and diluted EPS of $0.04 versus net income of $0.5 million and diluted EPS of $0.03.
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 anticipates healthy revenue growth in fiscal 2025, with organic growth expected to be in the range of 10% to 15%. The Pro-ficiency acquisition is expected to contribute $15 to $18 million. Fiscal 2025 revenue guidance is $90M - $93M and adjusted diluted EPS guidance is $1.07 - $1.20.
Positive Outlook
- Organic growth is expected to be in the range of 10% to 15%.
- The Pro-ficiency acquisition is expected to contribute $15 to $18 million.
- Fiscal 2025 revenue guidance is $90M - $93M.
- Adjusted EBITDA margin 31 - 33%.
- Adjusted diluted EPS guidance is $1.07 - $1.20.
Challenges Ahead
- The funding environment in both pharma and biotech has been constrained for two consecutive years.
- Maintaining a cautiously optimistic approach, consistent with the strategy employed over the past few years.
- Well-positioned to respond if there is an uptick in spending during the year.
- Completing the acquisition integration.
- Expanding cross-selling opportunities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income