MergerJul 9, 2026, 04:08 PM
Simulations Plus to be Acquired by Altaris; Q3 Revenue +7% to $21.9M
AI Summary
Simulations Plus, Inc. announced it has entered into a definitive merger agreement to be acquired by affiliates of Altaris, LLC, with the transaction expected to close in Q4 calendar 2026. Concurrently, the company reported its third quarter fiscal 2026 financial results, with total revenue increasing 7% to $21.9 million, driven by a 20% rise in services revenue. Net income for the quarter was $3.6 million, or $0.18 diluted EPS, a significant improvement from a net loss in the prior year due to an impairment charge.
Key Highlights
- Entered definitive merger agreement to be acquired by affiliates of Altaris, LLC on June 15, 2026.
- Q3 2026 total revenue increased 7% to $21.9 million.
- Services revenue grew 20% to $9.3 million in Q3 2026.
- Software revenue was flat at $12.6 million in Q3 2026.
- Q3 2026 net income was $3.6 million, with diluted EPS of $0.18.
- Q3 2026 Adjusted EBITDA was $7.9 million, representing 36% of total revenue.
- Fiscal 2026 total revenue guidance is $79M - $82M, with 0% - 4% growth.
- Fiscal 2026 Adjusted Diluted EPS guidance is $0.75 - $0.85.
Price Impact
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