NASDAQ$SLP

Simulations Plus Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported a revenue increase and maintained full-year revenue and EPS guidance.

Simulations Plus reported a 6% increase in total revenue to $15.8 million for the second quarter of fiscal year 2023. The company maintains its full-year revenue guidance of $59.3 - $62.0 million and EPS guidance of $0.63 - $0.67.

  • Total revenue increased 6% to $15.8 million.
  • Software revenue increased 7% to $10.5 million, representing 67% of total revenue.
  • Services revenue increased 4% to $5.3 million, representing 33% of total revenue.
  • Diluted EPS was $0.20, compared to $0.21 in the same period last year.

Headline financials

Total Revenue

$15.8M

Previous: $14.8M+6.4%
EPS (adj)

$0.20

Previous: $0.21-4.8%
Capital Expenditures

-$316K

Previous: -$710K+55.5%
Free Cash Flow

$3.86M

Previous: $3.7M+4.3%
Net Income

$4.17M

Previous: $4.41M-5.3%
Operating Income

$4.03M

Previous: $5.48M-26.4%
Gross Profit

$13.1M

Previous: $12M+9.7%
Cash & Equivalents

$39.3M

Previous: $60.4M-34.9%
Total Assets

$173M

Previous: $185M-6.4%
Stock-Based Comp

$1.26M

Previous: $791K+59.8%

Revenue & EPS history

Simulations Plus · Revenue · Quarterly

$15.8M

Q2 2023+6.4%vs Q2 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Simulations Plus · $15.8M total across 2 segments · Q2 2023

  • Software
    $10.5M+41947900.0%
  • Services
    $5.26M+105260100.0%

Forward guidance

Simulations Plus maintains its full-year revenue guidance of $59.3 - $62.0 million (+10-15%) and EPS Guidance of $0.63 - $0.67

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 Q2 2023

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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