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0.32%
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Why is Simulations Plus Inc (SLP) Stock down?
We've noticed a 6.66% decline in Simulations Plus Inc (SLP) stock during the 2024-11-14 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:
Shares of Simulations Plus (SLP) dropped by 14.70% from $39.11 to $33.36 in the trading on Thursday, October 6,2023. The reason why SLP stock down is due to weaker-than-expected quarterly revenue. While total revenue increased by 33% to $15.6 million, the market reacted negatively. Software revenue performed well, rising by 59% to $9.3 million, but services revenue only increased by 8% to $6.3 million. Despite strong full-year financials with an 11% increase in total revenue and 12% growth in software revenue, the disappointing quarterly results led to the stock decline.
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