Simulations Plus Reports Record Second Quarter FY2019 Revenue
Simulations Plus, Inc. (SLP)
Last simulations plus, inc. earnings: 4/9 04:35 pm
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Source: Business Wire
Quarterly Revenues Up 15%; Board of Directors Announces Quarterly Dividend of $0.06 Per Share LANCASTER, Calif.--(BUSINESS WIRE)-- Simulations Plus, Inc. (Nasdaq:SLP), the leading provider of modeling and simulation solutions for the pharmaceutical, biotechnology, chemicals, and consumer goods industries, today reported financial results for its second quarter of fiscal year 2019, the period ended February 28, 2019 (2QFY19). 2QFY19 highlights compared with 2QFY18: Net revenues increased 15%, or $1.1 million, to $8.5 million from $7.4 million Gross profit was $6.3 million, up $1.0 million, or 19.5%, from $5.2 million SG&A was $2.8 million, up $470,000, or 20%, from $2.3 million SG&A as a percentage of revenues increased to 33.2% from 31.8% R&D expense increased 49.5%, or $240,000, to $724,000 from $484,000
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