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Simulations Plus Reports Preliminary Revenues For First Fiscal Quarter FY2013

Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of consulting services and software for pharmaceutical discovery and development, today released preliminary revenues for its first fiscal quarter of fiscal year 2013, ended November 30, 2012 (1QFY13).

Ms. Momoko Beran, chief financial officer of Simulations Plus, stated, “In accordance with our policy to release timely financial information to our shareholders, we are releasing preliminary revenues for 1QFY13. Net income will not be known until income taxes have been determined and our auditors review our Quarterly Report on Form 10-Q. We expect to file our 10-Q with the U.S. Securities and Exchange Commission on or before the January 14, 2013 deadline.”

Preliminary results for the quarter:
  • This was the Company’s 21 st consecutive profitable quarter, and the 43 rd of the last 45 quarters
  • Preliminary revenues increased to $2.290 million, compared to $2.248 million in 1QFY12
  • This represents an increase of 1.9% over 1QFY12 and is a new record 1 st quarter
  • Approximately 11% of revenues came from new software licenses
  • Approximately 9% of revenues came from consulting studies and collaborations
  • Cash as of November 30, 2012 was $11.4 million

Walt Woltosz, chairman and chief executive officer of Simulations Plus, said, “Fiscal year 2013 has had a somewhat bumpy start but, with the combined revenues from new software licenses and consulting services more than offsetting approximately $450,000 in software licenses that were not renewed due to facility closures and consolidations, we have set yet another record for first fiscal quarters and quarter-over-quarter result. We remain financially very strong, with our cash at nearly $11.5 million after paying out over $3 million in dividends in the past year and $1.1 million in taxes last month, and we continue to have no debt.”

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