Simulations Plus (SLP) Stock Down Despite Q1 Earnings Beat
Zacks Investment Research | Jan 12, 2021 10:39PM ET
Simulations Plus (NASDAQ:SLP) Simulations Plus, Inc. Quote
Total operating expenses as a percentage of revenues expanded 580 bps to year over year 48.8%.
Non-GAAP operating income margin contracted 40 bps to 28.5% on a year-over-year basis.
h3 Balance Sheet/h3
As of Nov 30, 2020, cash and cash equivalents were $27.7 million compared with $49.2 million as of Aug 31, 2020.
The company declared a cash dividend of 6 cents per share payable Feb 1, 2021, to stockholders as of Jan 25, 2021.
h3 Fiscal 2021 Outlook/h3Management believes strong demand for consulting services and optimism surrounding next generation software products scheduled for release in fiscal 2021 will help the company to sustain organic growth in the range of 15% to 20%. Markedly, it delivered organic growth of 18% in fiscal year 2020. Management anticipates incremental Lixoft’s Monolix revenues to contribute 3-5% to the top line over the organic growth.
h3 Zacks Rank & Stocks to Consider/h3Currently, Simulations Plus has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector worth considering are Apple Zacks Investment Research
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