Simulations Plus Q1 2025 Update

TL;DR

Simulations Plus Q1 2025 10-Q is in. Revenue breakdown available.

AI Summary

Simulations Plus, Inc. filed its 10-Q for the period ending November 30, 2024. The company reported revenue from contracts with customers, including license and maintenance fees, and services. Specific financial figures for this quarter and comparative periods are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance data for Simulations Plus, Inc., crucial for understanding the company's revenue streams and operational health.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-11-30 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 20250108 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Simulations Plus, Inc. (company) — Filer of the 10-Q
• 2024-11-30 (date) — End of the reporting period
• 20250108 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — of Each Class Common Stock, par value $0.001 per share Trading Symbol SLP Name of

Filing Documents

• simu-20241130.htm (10-Q) — 956KB
• slp-20241130x10qxex311.htm (EX-31.1) — 10KB
• slp-20241130x10qxex312.htm (EX-31.2) — 10KB
• slp-20241130x10qxex321.htm (EX-32.1) — 7KB
• simu-20241130_g1.gif (GRAPHIC) — 12KB
• 0001023459-25-000012.txt ( ) — 6670KB
• simu-20241130.xsd (EX-101.SCH) — 37KB
• simu-20241130_cal.xml (EX-101.CAL) — 58KB
• simu-20241130_def.xml (EX-101.DEF) — 248KB
• simu-20241130_lab.xml (EX-101.LAB) — 603KB
• simu-20241130_pre.xml (EX-101.PRE) — 424KB
• simu-20241130_htm.xml (XML) — 1050KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Page Item 1. Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets at November 30, 2024 and August 31, 2024 3 Condensed Consolidated Statements of Operations and Comprehensive Income for the three months ended November 30, 2024 and 2023 4 Condensed Consolidated Statements of Shareholders' Equity for the three months ended November 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows for the three months ended November 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 3. Defaults upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 33 Item 6. Exhibits 34

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements Table of Contents SIMULATIONS PLUS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Audited) (in thousands, except share and per share amounts) November 30, 2024 August 31, 2024 ASSETS Current assets Cash and cash equivalents $ 6,187 $ 10,311 Accounts receivable, net of allowance for credit losses of $ 145 and $ 149 12,804 9,136 Prepaid income taxes 2,327 2,197 Prepaid expenses and other current assets 7,098 7,753 Short-term investments 11,983 9,944 Total current assets 40,399 39,341 Long-term assets Capitalized computer software development costs, net of accumulated amortization of $ 19,500 and $ 18,727 12,441 12,499 Property and equipment, net 819 812 Operating lease right-of-use assets 1,342 1,027 Intellectual property, net of accumulated amortization of $ 6,575 and $ 5,490 22,045 23,130 Other intangible assets, net of accumulated amortization of $ 3,497 and $ 3,177 23,076 23,210 Goodwill 96,305 96,078 Other assets 489 542 Total assets $ 196,916 $ 196,639 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 1,120 $ 602 Accrued compensation 1,882 4,513 Accrued expenses 580 2,043 Contracts payable - current portion 2,440 2,440 Operating lease liability - current portion 485 475 Deferred revenue 3,231 1,996 Total current liabilities 9,738 12,069 Long-term liabilities Deferred income taxes, net 1,648 1,608 Operating lease liability - net of current portion 835 531 Total liabilities 12,221 14,208 Commitments and contingencies — — Shareholders' equity Preferred stock, $ 0.001 par value — 10,000,000 shares authorized; no shares issued and outstanding $ — $ — Common stock, $ 0.001 par value and additional paid-in capital — 50,000,000 shares authorized; 20,085,014 and 20,051,134 shares issued and outstanding 154,424 152,328 Retained earnings 30,560 30,354 Accumulated other comprehensive loss ( 289 ) ( 251 ) Total shareholders' equity 18

View Full Filing

View this 10-Q filing on SEC EDGAR