Simulations Plus Inc
For the period ended Nov 30, 2023. Filed Jan 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 5, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
| x | Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended November 30, 2023 |
|---|---|
| OR | |
| o | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from ______ to ______ |
Commission file number:001-32046
(Name of registrant as specified in its charter)
| California | 95-4595609 |
|---|---|
| (State or other jurisdiction of Incorporation or Organization) | (I.R.S. Employer identification No.) |
42505 10th Street West
Lancaster, CA 93534-7059
(Address of principal executive offices including zip code)
(661)723-7723
(Registrant’s telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:
| Title of Each Class Common Stock, par value $0.001 per share | Trading SymbolSLP | Name of Each Exchange on Which RegisteredNASDAQ Stock Market LLC |
|---|
Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x Noo
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x Noo
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act (Check one):
| x | Large accelerated Filer | o | Accelerated Filer |
|---|---|---|---|
| o | Non-accelerated Filer | o | Smaller reporting company |
| o | Emerging Growth Company | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso No x
The number of shares outstanding of the registrant’s common stock, par value $0.001 per share, as of December 27, 2023, was 19,967,077.
FORM 10-Q
For the Quarterly Period Ended November 30, 2023
| PART I. FINANCIAL INFORMATION | ||
|---|---|---|
| Page | ||
| Item 1. · Condensed Consolidated Financial Statements | ||
| Condensed Consolidated Balance Sheets at November 30, 2023 and August 31, 2023 | 3 | |
| Condensed Consolidated Statements of Operations and Comprehensive Income for the three months ended November 30, 2023 and 2022 | 4 | |
| Condensed Consolidated Statements of Shareholders’ Equity for the three months ended November 30, 2023 and 2022 | 5 | |
| Condensed Consolidated Statements of Cash Flows for the three months ended November 30, 2023 and 2022 | 6 | |
| Notes to Condensed Consolidated Financial Statements | 7 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 26 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 35 |
| Item 4. | Controls and Procedures | 36 |
| PART II. OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 36 |
| Item 1A. | Risk Factors | 36 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 37 |
| Item 3. | Defaults upon Senior Securities | 37 |
| Item 4. | Mine Safety Disclosures | 37 |
| Item 5. | Other Information | 37 |
| Item 6. | Exhibits | 38 |
| Signatures | 39 | |
PART I. FINANCIAL INFORMATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.