Johnson Fistel Investigates Simulations Plus Following Revenue Guidance Cut and Accounting Disclosures
Key Highlights
- ➤Simulations Plus (SLP) cut fiscal 2025 revenue guidance to $76 million-$80 million
- ➤Shares fell more than 24% after the revenue guidance reduction
- ➤Simulations Plus reported a $67.3 million net loss, including a $77.2 million impairment
- ➤Grant Thornton identified unresolved segment reporting and internal-control issues
- ➤Shares declined nearly 26% after accounting disclosures and auditor dismissal
Expert Statements
Grant Thornton LLP, Independent registered public accounting firm for Simulations Plus
“were not resolved to our satisfaction”
SAN DIEGO, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating Simulations Plus, Inc. (NASDAQ: SLP) for investors who suffered losses and whether they may recover those losses under federal securities laws.
On April 3, 2025, Simulations Plus reported its financial results for the second quarter of fiscal 2025 and maintained full-year revenue guidance of $90 million to $93 million. Then, on June 11, 2025, the Company announced preliminary third-quarter revenue results and lowered its fiscal 2025 revenue guidance to a range of $76 million to $80 million, citing, in part, budget reductions, project cancellations, and delays affecting pharmaceutical and biotechnology customers. Following the announcement, Simulations Plus shares declined more than 24%.
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