TITLE

SIMULATIONS PLUS REPORTS RECORD 3RD QTR REVENUES

PUB. DATE
August 2005
SOURCE
Biotech Financial Reports;Aug2005, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Simulations Plus Inc., a leading provider of ADMET absorption simulation and neural net structure-to-property prediction software for pharmaceutical discovery and development, has reported its results for the fiscal third quarter ended May 31, 2005. Pharmaceutical and educational software revenues increased approximately $59,000, or 9.8%, and our Words+, Inc. subsidiary's sales increased approximately $132,000, or 20.9%, for the quarter over last year's third fiscal quarter. For the pharmaceutical software and services business, total revenues for the nine-month period were $1,596,000, a decrease of 19.7%, from $1,988,000 in the first nine months of last fiscal year. Net income before tax from the pharmaceutical software and services business was $146,000 in the first nine months of this fiscal year, as compared with $548,000 for the first nine months of last fiscal year, a decrease of 73.4%. Shareholders' equity at the end of nine months increased 6.9% to $4,753,000, up from $4,446,000 at the end of fiscal year 2004.
ACCESSION #
17668371

 

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