NASDAQ$SLP
Simulations Plus Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Simulations Plus Q1 2023 financial results were reported, with revenue and EPS aligned with fiscal 2023 guidance and Q1 expectations, along with a capital allocation strategy update.
Simulations Plus reported a 4% decrease in total revenue to $12.0 million for Q1 2023. Diluted EPS was $0.06. The company is focusing on corporate development activities, a $50 million share repurchase program, and internal investment.
- Total revenue decreased 4% to $12.0 million.
- Software revenue decreased 17% to $6.1 million, representing 51% of total revenue.
- Services revenue increased 17% to $5.9 million, representing 49% of total revenue.
- Diluted EPS was $0.06, compared to $0.15 in the previous year.
Headline financials
Revenue & EPS history
Simulations Plus · Revenue · Quarterly
$12M
Revenue by segment
Simulations Plus · $12M total across 2 segments · Q1 2023
- Software$6.07M—50.8%
- Services$5.89M—49.2%
Forward guidance
The company believes they remain on-pace to achieve their full-year guidance of 10-15% organic revenue growth and 5-10% diluted EPS growth.
Tailwinds
- Company expects to maintain high gross margins.
- Company expects to maintain robust renewal rates.
- Company expects low to mid-teens organic long-term revenue growth rates.
- Company expects higher profit growth rates.
- Company expects higher free cash flow.
Headwinds
- This will be a year of transition as the company invests in its organization.
- The company is streamlining its software renewal process.
- Operating leverage inherent in the business is expected to be temporarily reduced.
- FX negative impact on our revenue
- New sales were expected to push into our second quarter to align with customers’ new calendar year budgets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.7%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+4.7%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+23.2%
Q2 2024
Best reaction
-24.2%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +3.9% | +12.7% | +28.4% | |
| Q1 2026 | +8.5% | +3.4% | -28.1% | |
| Q4 2025 | +14.2% | +14.8% | +6.5% | |
| Q3 2025 | -0.5% | +1.3% | +9.8% | |
| Q2 2025 | +7.8% | +7.3% | +39.9% | |
| Q1 2025 | -3.1% | -2.9% | +22.3% | |
| Q4 2024 | -9.6% | -9.8% | -8.6% | |
| Q3 2024 | -13.6% | -15.8% | -13.4% | |
| Q2 2024 | +23.2% | +28.0% | +21.0% | |
| Q1 2024 | -8.2% | -12.2% | -15.3% | |
| Q4 2023 | -16.2% | -14.9% | -0.4% | |
| Q3 2023 | -3.5% | +4.3% | +16.3% | |
| Q2 2023 | -0.3% | +2.2% | -3.7% | |
| Q1 2023 | -6.1% | -4.4% | +14.7% | |
| Q4 2022 | -12.7% | -10.6% | -11.1% | |
| Q3 2022 | +8.5% | +7.4% | +31.1% | |
| Q2 2022 | +6.9% | +2.6% | -10.4% | |
| Q1 2022 | +4.7% | +1.4% | -14.8% | |
| Q4 2021 | +16.9% | +28.3% | +29.6% | |
| Q3 2021 | -17.4% | -18.6% | -13.2% | |
| Q2 2021 | -2.5% | +0.7% | -12.5% | |
| Q1 2021 | -13.6% | -13.5% | +0.2% | |
| Q4 2020 | -8.4% | -13.5% | -11.5% | |
| Q3 2020 | +1.0% | +0.8% | +6.5% | |
| Q2 2020 | +4.4% | +10.2% | +16.8% | |
| Q1 2020 | +9.1% | +6.8% | +11.5% | |
| Q4 2019 | +3.7% | +5.5% | +0.1% | |
| Q3 2019 | +10.4% | +12.8% | +34.4% | |
| Q2 2019 | +11.8% | +8.1% | +17.4% | |
| Q1 2019 | -7.1% | -5.3% | -4.5% | |
| Q4 2018 | +0.3% | -0.2% | -6.0% | |
| Q3 2018 | -24.2% | -23.4% | -22.5% | |
| Q2 2018 | +9.8% | +10.1% | +24.5% | |
| Q1 2018 | +1.9% | +5.2% | +1.3% | |
| Q4 2017 | -4.5% | -4.2% | -2.1% | |
| Q3 2017 | +5.8% | +8.5% | +8.5% | |
| Q2 2017 | -2.2% | +0.0% | +9.4% | |
| Q1 2017 | +4.2% | +4.7% | +1.6% | |
| Q4 2016 | +2.9% | +4.6% | +10.9% | |
| Q3 2016 | +0.5% | +3.2% | +5.4% | |
| Q2 2016 | -0.8% | — | — | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +4.6% | — | — | |
| Q3 2015 | +12.6% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -2.0% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | +6.3% | — | — | |
| Q4 2013 | -6.1% | — | — | |
| Q3 2013 | +2.8% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -1.6% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q4 2010 | +3.1% | — | — | |
| Q3 2010 | +0.8% | — | — | |
| Q2 2009 | -0.9% | — | — |
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