NASDAQ$SLP

Simulations Plus Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Simulations Plus' Q3 2022 results showed revenue growth across software and services, with increased EPS.

Simulations Plus reported a 17% increase in total revenue, driven by strong growth in both software (16%) and services (19%). The company's diluted EPS also increased by 11%.

  • Total revenue increased by 17% to $15.0 million.
  • Software revenue increased by 16% to $9.7 million, representing 64% of total revenue.
  • Services revenue increased by 19% to $5.3 million, representing 36% of total revenue.
  • Net income and diluted EPS were $4.1 million and $0.20, respectively, compared to $3.8 million and $0.18 in the corresponding prior year period.

Headline financials

Total Revenue

$15M

Previous: $12.8M+17.1%
EPS (adj)

$0.20

Previous: $0.18+11.1%
Capital Expenditures

-$740K

Previous: -$966K+23.4%
Free Cash Flow

$3.35M

Previous: $2.82M+18.6%
Net Income

$4.09M

Previous: $3.79M+7.9%
Operating Income

$4.95M

Previous: $4.54M+8.9%
Gross Profit

$12.4M

Previous: $10.3M+20.3%
Cash & Equivalents

$42.4M

Previous: $58.8M-28.0%
Total Assets

$186M

Previous: $179M+4.0%
Stock-Based Comp

$766K

Previous: $705K+8.7%

Revenue & EPS history

Simulations Plus · Revenue · Quarterly

$15M

Q3 2022+17.1%vs Q3 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Simulations Plus · $15M total across 2 segments · Q3 2022

  • Software
    $9.7M
  • Services
    $5.3M

Forward guidance

The company is reiterating its full-year revenue guidance at $52-53 million, and tightening the growth rate to 12-15%.

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 Q3 2022

Historical avgQ3 2022

+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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