Simulations Plus Inc (SLP)

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.