Simulations Plus: Overview of First Quarter Financial Results

Simulations Plus Reports First Quarter Financial Results

Simulations Plus Inc., headquartered in Research Triangle Park, North Carolina, announced on Thursday that it earned $676,000 during its fiscal first quarter.

The company reported earnings of 3 cents per share. After adjusting for non-recurring items, earnings reached 13 cents per share.

Simulations Plus, which develops software for pharmaceutical research, generated $18.4 million in revenue for the quarter, exceeding analyst expectations. According to a Zacks Investment Research survey of three analysts, revenue was projected at $18.1 million.

Looking ahead, the company anticipates full-year earnings to fall between $1.03 and $1.10 per share, with projected revenue ranging from $79 million to $82 million.