Earnings release
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Exhibit 99.1 S + SimulationsPlus SCIENCE + SOFTWARE = SUCCESS For Further Information : Simulations Plus , Inc. 42505 10th Street West Lancaster , CA 93534-7059 CONTACT : Simulations Plus Investor Relations Ms. Renee Bouche 661-723-7723 renee@simulations-plus.com For Immediate Release : January 11 , 2021 Hayden IR Mr. Cameron Donahue 651-653-1854 slp@haydenir.com Simulations Plus Reports Record First Quarter FY2021 Financial Results First quarter revenue of $ 10.7 million , reflecting 14 % year - over - year growth Board of Directors announces quarterly dividend of $ 0.06 per share LANCASTER , CA , January 11 , 2021 - Simulations Plus , Inc. ( Nasdaq : SLP ) , a leading provider of modeling and simulation solutions for the pharmaceutical , biotechnology , chemicals , and consumer goods industries , today reported financial results for its first quarter of fiscal year 2021 . Financial highlights compared with the corresponding period last fiscal year : Revenue increased 14 % to $ 10.7 million Gross profit increased 22 % to $ 8.3 million Gross margin was 77 % , up from 72 % Net income increased 21 % to $ 2.5 million Diluted earnings per share increased 9 % to $ 0.12 Shawn O'Connor , chief executive officer of Simulations Plus , said : “ Our first quarter financial results were in line with our expectations highlighted by strong , double - digit revenue growth and increased profitability , despite a challenging comparison to the first quarter of fiscal 2020 that benefited from unusually strong results in our DILIsym division . The strategic investments in our sales and marketing infrastructure , and a growing reliance on modeling and simulation in the drug development ecosystem continue to facilitate strong revenue growth , as Simulations Plus bolsters its already strong position in the marketplace . The acquisition of Lixoft has meaningfully expanded our addressable market . In addition , this acquisition has had the desired impact of increasing the mix of software revenue , helping expand our overall profitability . " 1