- Simulations Plus press release ( NASDAQ: SLP ): Q1 GAAP EPS of $0.06 misses by $0.03 .
- Revenue of $11.96M (-3.7% Y/Y) misses by $0.47M .
- 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;
- Gross profit decreased 4% to $9.3 million; gross margin was 78%;
- Adjusted EBITDA of $3.0 million, representing 25% of total revenue.
- Provides capital allocation strategy update focusing on corporate development activities, $50 million share repurchase program, and internal investment.
- 2023 Guidance: Revenue $59.3M - 62.0M; Software mix 60-65%; Services mix 35-40%; EPS $0.63-$0.67.
- Shares -3% .
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Simulations Plus GAAP EPS of $0.06 misses by $0.03, revenue of $11.96M misses by $0.47M