Simulations Plus Q1 revenue beats expectations
Overview
Drug development firm's fiscal Q1 revenue decreased 3%, beating analyst expectations
Adjusted EPS for fiscal Q1 met analyst expectations
Company reaffirmed fiscal 2026 guidance and plans Investor Day for new product vision
Outlook
Simulations Plus reaffirms fiscal 2026 revenue guidance of $79 mln to $82 mln
Company expects fiscal 2026 adjusted diluted EPS of $1.03 to $1.10
Simulations Plus anticipates fiscal 2026 adjusted EBITDA margin of 26% to 30%
Result Drivers
SERVICES GROWTH - Significant growth in commercialization offerings and modest gains in development projects drove services revenue increase
SOFTWARE DECLINE - Expected decrease in clinical operations and development revenue contributed to software revenue decline
MARKET DYNAMICS - Favorable market dynamics and strong bookings in software and services support confidence in fiscal year guidance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $18.40 mln | $18.10 mln (6 Analysts) |
Q1 Adjusted EPS | Meet | $0.13 | $0.13 (2 Analysts) |
Q1 Net Income |
| $700,000 |
|
Q1 Adjusted EBITDA |
| $3.50 mln |
|
Q1 Gross Margin |
| 59.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"
Wall Street's median 12-month price target for Simulations Plus Inc is $22.50, about 18.5% above its January 7 closing price of $18.99
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 37 three months ago
Press Release: ID:nBw5GNmYMa
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