Simulations Plus (NASDAQ: SLP) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $6.3 million versus the consensus estimate of $5.01 million.

Results for the fourth quarter of FY17 (4Q17):

• Revenues were $6.3 million, up $2.3 million, or 58.3%, compared to $4.0 million in 4Q16.
  • $1.24 million of these revenues came from the DILIsym Services Acquisition on June 1, 2017
  • Revenues at our Buffalo Division, Cognigen, increased 67.4% or $851,000 over 4Q16
• Gross profit was up 48.2% to $4.3 million, an increase of $1.4 million from $2.9 million in 4Q16
• SG&A increased 50.7%, or $818,000, to $2.4 million from $1.6 million in 4Q16
  • During the quarter approximately $323,000 was incurred for acquisition-related expenses
  • 4Q17 SG&A expense of our new subsidiary accounted for $274,000.
• R&D expenditures were $829,000, an increase of 25.2% from $662,000 in 4Q16
  • For 4Q17, $455,000 was capitalized and $374,000 was expensed
  • For 4Q16, $378,000 was capitalized and $284,000 was expensed
• Net income was $1.15 million, up 45.9% over $789,000 in 4Q16
• Earnings per fully diluted share were $0.06, up $0.019, or 41.9%, over $0.05 in 4Q16

For earnings history and earnings-related data on Simulations Plus (SLP) click here.