Simulations Plus Q3 Net Income $3.58M; EPS $0.18

Simulations Plus reported a significant turnaround in its third quarter, achieving a net income of $3.58 million, or $0.18 per diluted share, compared to a net loss of $67.32 million in the prior year. This improvement was largely due to the absence of the $77.22 million impairment charge recorded in the previous year. Total revenues increased by 7.4% to $21.89 million, driven by strong services revenue growth. For the nine months, net income was $8.79 million, a substantial improvement from a $64.04 million loss year-over-year.