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The filed complaint alleges that Simulations Plus, Inc. made materially false and/or misleading statements and/or failed to disclose that: Simulations Plus reported its financial results for its third fiscal quarter on July 14, 2025. Among other items, Simulations Plus reported sales of $20.4 million, missing the consensus estimate of $20.9 million. Simulations Plus also reported a net loss of $67.3 million and diluted loss per share of $3.35, reflecting a non-cash impairment charge of $77.2 million, compared to net income of $3.1 million and diluted earnings per share of $0.15 for the same period in 2024. The Company also revised its fiscal 2025 adjusted earnings guidance to $0.93 to $1.06, down from the previous guidance of $1.07 to $1.20. Simulations Plus advised investors that, in June, the Company had initiated a restructuring of its operations, including workforce reductions and cost-cutting measures, aimed at improving operational efficiency and reducing expenses. Following this news, Simulations Plus's stock price fell over 25% on July 15, 2025.
In order to be eligible to join the SLP class action lawsuit, you must have incurred a loss on shares of Simulations Plus, Inc. purchased during the class period listed above.
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