Simulations Plus (SLP) Reports In-Line Q3 EPS, Revenues Beat

Simulations Plus (NASDAQ: SLP) reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $8.6 million versus the consensus estimate of $8.09 million.

3QFY18 highlights compared with 3QFY17:

• Net revenues increased 26.7% to $8.6 million, an increase of $1.8 million from $6.7 million
• Gross profit was up 23.1% to $6.5 million, an increase of $1.2 million from $5.3 million
• SG&A was $2.6 million, an increase of 33.2% or $649,000 from $2.0 million
• R&D expenditures were $993,000 an increase of $395,000, or 66.0% over $598,000
  • In 3QFY18, $485,000 was capitalized and $508,000 was expensed
  • In 3QFY17, $344,000 was capitalized and $254,000 was expensed
• Income before taxes increased 10.1% to $3.4 million, an increase of $313,000 from $3.1 million
• Net income increased 15.7% to $2.4 million, an increase of $327,000 from $2.1 million
• Diluted earnings per share increased 13.7% to $0.13 from $0.12.

For earnings history and earnings-related data on Simulations Plus (SLP) click here.

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