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Metropolitan Health Networks Inc. Message Board

dickmilde 9 posts  |  Last Activity: 12 hours ago Member since: Jan 2, 2000
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  • SLP is in effect buying out the agreement for $6 million. Going forward this will reduce expenses by about $160,000 each quarter. A good use of the cash that is building up. Part of the payment will be in stock at $6.07 per share. The already very high margins should get just a little bit higher... Good move.

  • John DiBella, vice president of marketing and sales for Simulations Plus, said: “We’re very pleased that the U.S. Environmental Protection Agency has decided to expand their Simulations Plus software licenses by adding multiple licenses of our industry-leading GastroPlus™ and ADMET Predictor™ software packages. Researchers in different divisions at the agency have appreciated how our programs communicate with each other, allowing them to efficiently screen compounds and prioritize testing for several scientific initiatives.

  • Simulations Plus Reports Third Quarter FY2014 Financial Results
    Simulations Plus, Inc. (SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today reported financial results for its third quarter of fiscal year 2014 ended May 31, 2014 (3QFY14) and first nine months of fiscal year 2014 (9moFY14) compared to the third quarter (3QFY13) and first nine months of fiscal year 2013 (9moFY13).

    3QFY14 highlights compared with 3QFY13:
    • Net sales increased 20.9% to $3.741 million, an increase of $646,000 from $3.095 million • A large renewal order and one study contract slipped from Q2 into Q3 ($300,000)
    • Excluding this shift, the Company set a new record for revenues (11.2% increase)

    • Gross profit was up 32.9% to $3.513 million, an increase of $870,000 from $2.643 million
    • SG&A was $1.204 million, an increase of 33.3% or $301,000 from $0.904 million • Increased commissions on higher Asian sales, as well as increased marketing labor and travel, consulting and professional fees, and increases in salaries and wages, drove the increased SG&A

    • R&D expenditures were $552,000, an increase of $94,000 or 20.5% over $458,000 • In 3QFY14, $317,000 was capitalized and $235,000 was expensed
    • In 3QFY13, $252,000 was capitalized and $206,000 was expensed
    • Increases were due to expanded staff, and increases in salaries and stock-based compensation for existing employees

    • Income before taxes increased 35.2% to $2.089 million, an increase of $544,000 from $1.546 million
    • Net income increased 31.6% to $1.307 million , an increase of $314,000 from $993,000
    • Diluted earnings per share increased 30.7% to $0.079 from $0.061

  • Simulations Plus, Inc. (SLP), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today announced that it has entered into an Agreement and Plan of Merger (the “Agreement”) with Cognigen Corporation of Buffalo, New York.

    Pursuant to the Agreement, upon closing, Cognigen will become a wholly-owned subsidiary of Simulations Plus and will continue to operate under the Cognigen name. This will result in the total number of Simulations Plus employees increasing from 30 to 65, and is expected to add approximately $5 million to the revenues of the combined company in the coming fiscal year.
    Walt Woltosz, chairman and chief executive officer of Simulations Plus, Inc., said, “This is an exciting step forward for both Simulations Plus and Cognigen. Upon closing, management of the combined company will be comprised of individuals from the current management teams of Simulations Plus and Cognigen, including Ted Grasela, the current President of Cognigen. I will remain as Chairman and CEO.”
    Under the terms of the Agreement, Simulations Plus will pay the shareholders of Cognigen total consideration of $7,000,000, comprised of $2,800,000 of cash and $4,200,000 worth of newly-issued, unregistered shares of common stock of Simulations Plus.

  • This will be good for future sales. The schedule is available at the SLP web site. Click on "Events".

  • Reply to

    Walt- How about supporting the price?

    by kauiakid Jun 20, 2014 1:20 PM
    dickmilde dickmilde Jun 23, 2014 4:03 PM Flag

    And what percent of the total stock do you think he should own ?

  • If you missed it there is a replay available on the SLP website. Click on "Investors" and select conference calls. From the sound of it the aerodynamic modeling was well received in Huntsville. This is a new and exciting area that has possibilities for additional revenue. It looks like our little company will be larger next year with increased sales :-)

  • Reply to

    Walt- How about supporting the price?

    by kauiakid Jun 20, 2014 1:20 PM
    dickmilde dickmilde Jun 25, 2014 6:40 AM Flag

    Maybe you can save us the time to look this up... Can you give us a link re the details of when and how much stock they said they would buy? Also, it would be helpful if you give us the info on hoe much they actually bought. Thanks.

  • But you need to see this in the proper context... Walt is effectively buying $5 Million in sales which is about 1/2 the current sales for SLP. But, it's only costing us $7 Million to get those sales. Or another way to look at this is that he is getting a 50% sales increase and only using about 8% of the SLP market cap to get it. And to Jbailey's point SLP is the surviving company NOT Gogingen.
    There will be some challenges with this. Cogingen is located in New York and SLP is located in California. Walt is not a stranger to business travel so this should be OK, never the less I like close better because it's easier to keep an eye on things. Another point worth mentioning is that Cogingen has about 35 employees compared to SLP's 30 employees. I expect that over time that we will see a higher sales per employee ratio. This will probably come from increased sales for the same number of employees. Walt has a long time habit of finding productive stuff for employees to be involved in :-)

    As a summary I see an increase in total profit but a slight decline in profit margins... This will be corrected over time.

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