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Simulations Plus' (SLP) CEO Walt Woltosz on Q2 2018 Results - Earnings Call Transcript

Apr. 09, 2018 8:59 PM ETSimulations Plus, Inc. (SLP)
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Simulations Plus, Inc. (NASDAQ:SLP) Q2 2018 Results Earnings Conference Call April 9, 2018 4:15 PM ET


Cameron Donahue - IR

Walt Woltosz - Chairman and CEO

John Kneisel - CFO

Ted Grasela - Cognigen, Division President

Brett Howell - DILIsym, Division President


Cameron Donahue

Good afternoon. It’s Monday, April 9, 2018. On behalf of Simulations Plus, I welcome you to our Second Quarter Fiscal Year 2018 Financial Results Conference Call and Webinar. Presenting this afternoon will be CEO and Chairman, Walt Woltosz; Chief Financial Officer, John Kneisel; and Division Presidents, Ted Grasela of Cognigen and Brett Howell of DILIsym.

An opportunity to ask questions will follow today’s presentations. You may send your written questions using the questions pane on your control panel or you may use the hand-raising icon on your control panel to ask your question directly. Please be sure to enter unique audio PIN displayed when you join the call. This call is being recorded for playback at our website, www.simulations-plus.com.

Before we get started with the presentation, we’ll begin with the Safe Harbor Statement slide.

It is now my pleasure to introduce Walt Woltosz, CEO and Chairman of Simulations Plus. Walt?

Walt Woltosz

Thank you, Cameron and Renee. And hopefully everybody was able to read that Safe Harbor slide. I assume everyone on the call is familiar with the Safe Harbor. So, if I say expect or anticipate or words to that effect, please understand that that is our best understanding of how things are going at this time but there are no guarantees. So, as our attorneys like to say, there can be no assurances.

So, I’ll review outstanding news to report. Revenues for the second quarter up almost 29%, $1.7 million to $7.4 million; income from operations, up almost 35% to $2.4 million; net income, up 190.6% to $3.5 million, which includes a one-time non-cash $1.5 million

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