Business
Simulations Plus Reports Fourth Quarter and Full Year Fiscal 2021 Results
Fiscal 2021 revenue increased 12% year-over-year to $46.5 million Software revenue increased 28% year-over-year to $27.7 million Fiscal 2022 financial
About this update from Simulations Plus, Inc.
[{"type":"text","content":"\nFiscal 2021 revenue increased 12% year-over-year to $46.5 million\n\nSoftware revenue increased 28% year-over-year to $27.7 million\n\nFiscal 2022 financial outlook for total revenue of $51 million to $53 million, reflecting 10% to 15% year-over-year growth\n\n LANCASTER, Calif.--(BUSINESS WIRE)--\nSimulations Plus, Inc. (Nasdaq: SLP), a leading provider of modeling and simulation solutions for the pharmaceutical and biotechnology industries, today reported financial results for its fourth quarter and full year 2021 fiscal year, ended August 31, 2021.\n\n“We finished the year in a better position than we anticipated following our third quarter earnings report driven by both strong GastroPlus® sales and continued momentum in ADMET Predictor® sales following the introduction of new product functionality,” said Shawn O’Connor, chief executive officer. “We also benefitted from our consulting services business returning to more normalized operations with an increasing backlog and improved pipeline of new opportunities, furthering our belief that the events of the third quarter were a short-term occurrence, and the business remains fundamentally healthy.”\n\nFourth Quarter Financial Highlights (compared with the corresponding period last fiscal year):\n\n\nTotal revenue increased 3% to $9.8 million\n\n\nSoftware revenue increased 14% to $5.4 million, representing 55% of total revenue\n\n\nServices revenue declined 7% to $4.4 million, representing 45% of total revenue\n\n\nGross profit increased 3% to $7.1 million\n\n\nGross margin was unchanged at 72%\n\n\nNet income was $0.3 million compared to $2.2 million for the period last fiscal year\n\n\nDiluted earnings per share was $0.01 compared to $0.11 for the period last fiscal year\n\n\nFull Year Financial Highlights (compared with the corresponding period last fiscal year):\n\n\nTotal revenue increased 12% to $46.5 million\n\n\nSoftware revenue increased 28% to $27.7 million, representing 60% of total revenue\n\n\nServices revenue declined 6% to $18.8 million, representing 40% of total revenue\n\n\nGross profit increased 16% to $35.9 million\n\n\nGross margin increased from 74% to 77%\n\n\nNet income was $9.8 million compared to $9.3 million for the period last fiscal year\n\n\nDiluted earnings per share was $0.47 compared to $0.50 for the period last fiscal year\n\n\nFiscal 2022 Fin...