SIMULATIONS PLUS Announces Financial Results for Third Quarter of FY2023

🌥️Earnings Overview

On July 6 2023, SIMULATIONS PLUS ($NASDAQ:SLP) reported their financial results for the third quarter of FY2023 ending May 31 2023. They earned USD 16.2 million in total revenue, representing a 8.5% increase year-over-year. Net income for the quarter came in at USD 4.0 million, a slight 2.0% decrease from the same period last year.

Stock Price

The stock opened at $43.2 per share and closed at $41.3, a decrease of 5.1% from its previous closing price of 43.5. The results for the third quarter were lower than expected but the company remains optimistic about their future prospects. CEO James Smith said that “although we are disappointed with our performance in the third quarter, we remain confident that we will continue to make progress over the coming quarters.”

He also noted that the company has plans in place to continue to invest in innovative technologies and strategies to ensure their future success. The company remains confident in their future growth and will continue to focus on developing innovative strategies and technologies to ensure success in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Simulations Plus. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Simulations Plus. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Simulations Plus. More…

Key Ratios Snapshot

Some of the financial key ratios for Simulations Plus are shown below. More…

Analysis

GoodWhale has analyzed the fundamentals of SIMULATIONS PLUS and found that it has a very high health score of 10/10 when it comes to its cash flows and debt. This indicates that the company is in a strong position to sustain future operations in times of crisis. After further analysis, we have classified SIMULATIONS PLUS as a ‘rhino’ company, meaning that it has achieved moderate revenue or earnings growth. Based on this analysis, we believe that SIMULATIONS PLUS is an attractive investment opportunity for value investors looking for long-term stability, as well as for growth investors interested in moderate revenue or earnings growth. In addition, the company has strong performance in terms of asset, dividend, growth, and profitability. This makes it a great choice for investors looking for solid returns. More…

Peers

The company was founded in 1986 and is headquartered in Lancaster, California. Simulations Plus Inc has three main competitors: Schrodinger Inc, Intercare DX Inc, and KDA Group Inc.

– Schrodinger Inc ($NASDAQ:SDGR)

Schrodinger Inc is a publicly traded company with a market capitalization of 1.52 billion as of 2022. The company has a return on equity of -15.16%. Schrodinger is a technology and software company that focuses on improving scientific discoveries through advanced computing. The company was founded in 1990 and is headquartered in New York City.

– Intercare DX Inc ($OTCPK:ICCO)

KDA Group Inc is a provider of engineering, construction and project management services. The company has a market cap of 14.81M as of 2022 and a Return on Equity of -120.56%. KDA Group Inc provides services to a range of industries including healthcare, education, commercial and institutional. The company has a strong focus on quality and safety and is committed to providing a high level of customer service.

Summary

SIMULATIONS PLUS reported their financial results for the third quarter of FY2023 ending May 31 2023 on July 6 2023. Revenue increased 8.5% year-over-year to USD 16.2 million, however net income decreased by 2.0% from the same period last year to USD 4.0 million. The news caused the company’s stock price to fall the same day.

Investors should continue to monitor the firm’s performance closely as the company implements new strategies to increase profitability and drive growth. Analysts should pay particular attention to quarterly revenue and income growth, as well as any new developments with the company, such as new products or partnerships.