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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.
Revenue by Segment
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.
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
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