Skip to main content
Premium Trial:

Request an Annual Quote

Simulations Plus Posts 10 Percent Rise in Q1 Revenues

Premium

Simulations Plus this week reported a profitable performance for the first quarter of its fiscal year.

During a call to discuss Simulations Plus' earnings, Chairman and CEO Walt Woltosz noted that the financial figures only reflect the activities of its "continuing operations" — primarily its pharmaceutical software and services business — and will not include those of Words+, the computer-based communications systems subsidiary that it sold last November (BI 11/18/2011).

For the first quarter ended November 30, 2011, Simulations Plus said its revenues increased about 10 percent to $2.25 million from $2.05 million for the same period last year.

Net income from the company’s continuing operations rose about 30 percent to $755,000 from $577,000. While overall net income, including proceeds from the sale of the company's Words+ business and partially offset by the discontinued operations of its subsidiary, increased 71 percent to $971,000 from $567,000.

Selling, general, and administrative expenses grew to $700,000 from $ 686,000 for the prior year. Momoko Beran, the company's chief financial officer, attributed the increase to the attempted acquisition of the assets of Entelos in bankruptcy court (BI 9/23/2011); as well as the sale of Words+.

Simulations Plus held $12.7 million in cash and cash equivalents at the end of Q1 compared to $8.9 million during the same period last year, or an increase of 43 percent.

The Scan

Pig Organ Transplants Considered

The Wall Street Journal reports that the US Food and Drug Administration may soon allow clinical trials that involve transplanting pig organs into humans.

'Poo-Bank' Proposal

Harvard Medical School researchers suggest people should bank stool samples when they are young to transplant when they later develop age-related diseases.

Spurred to Develop Again

New Scientist reports that researchers may have uncovered why about 60 percent of in vitro fertilization embryos stop developing.

Science Papers Examine Breast Milk Cell Populations, Cerebral Cortex Cellular Diversity, Micronesia Population History

In Science this week: unique cell populations found within breast milk, 100 transcriptionally distinct cell populations uncovered in the cerebral cortex, and more.