{"success":true,"data":{"pressRelease":{"id":"62312","rtpr_id":"nGNX7NhRM2","ticker":"SLP","exchange":"NASDAQ","all_tickers":["SLP"],"title":"Securities Investigation Into Simulations Plus, Inc. (SLP) Continues — Investors Who Lost Money Encouraged to Contact Johnson Fistel","author":"Globe Newswire","published_at":"2026-06-12T11:58:56.099Z","article_body":"SAN DIEGO, June 12, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is\ninvestigating potential securities law violations on behalf of investors of\nSimulations Plus, Inc. (NASDAQ: SLP). The investigation concerns whether\nSimulations Plus or certain of its officers and directors made false or\nmisleading statements, or failed to disclose material information, concerning\nthe Company’s financial outlook, reporting practices, internal controls, and\nrelated accounting matters.\n\nWhat Should Simulations Plus Investors Do?\n\nIf you purchased Simulations Plus securities and suffered losses, you may have\nlegal rights. Investors are encouraged to join the investigation by visiting:\n\nhttps://www.johnsonfistel.com/investigations/simulations-plus-inc/\n\nThere is no cost or obligation to participate.\n\nWhy Is Johnson Fistel Investigating Simulations Plus?\n\nOn April 3, 2025, Simulations Plus reported financial results for the second\nquarter of fiscal 2025 and maintained full-year fiscal 2025 revenue guidance\nof $90 million to $93 million.\n\nThen, on June 11, 2025, Simulations Plus announced preliminary third-quarter\nfiscal 2025 revenue results and reduced its full-year fiscal 2025 revenue\nguidance to a range of $76 million to $80 million. The Company attributed the\nrevised outlook, in part, to market uncertainties affecting pharmaceutical and\nbiotechnology customers, including budget reductions, project cancellations,\nand delays.\n\nFollowing this announcement, Simulations Plus stock declined more than 24%,\nfalling from $26.44 per share to $20.05 per share.\n\nAdditional Simulations Plus Disclosures\n\nOn July 14, 2025, Simulations Plus reported third-quarter fiscal 2025\nfinancial results and disclosed a net loss of $67.3 million, or $3.35 per\ndiluted share. The loss included a $77.2 million non-cash impairment charge.\n\nThe following day, Simulations Plus disclosed that its Audit Committee had\ndismissed Grant Thornton LLP as the Company’s independent registered public\naccounting firm. In the Company’s Form 8-K, Simulations Plus stated that\ncertain matters relating to segment reporting, reporting-unit determinations,\nand internal control over financial reporting could not be finalized in time\nfor the Company’s Quarterly Report on Form 10-Q.\n\nGrant Thornton later filed a letter with the SEC disagreeing with aspects of\nSimulations Plus’ disclosure. In that letter, Grant Thornton stated that it\nhad identified and communicated matters to management and the Audit Committee\nrelating to segment reporting, reporting-unit determinations, and internal\ncontrol over financial reporting, and that those matters “were not resolved\nto our satisfaction” as of the date Grant Thornton was terminated.\n\nFollowing these disclosures, Simulations Plus shares fell nearly 26%,\ndeclining from $17.47 per share to $12.97 per share.\n\nAbout Johnson Fistel, PLLP\n\nJohnson Fistel, PLLP is a nationally recognized shareholder rights law firm\nwith offices in California, New York, Georgia, Idaho, and Colorado. The firm\nrepresents individual and institutional investors in shareholder derivative\nand securities class action lawsuits.\n\nJohnson Fistel has been recognized as one of the Top 10 Plaintiff Law Firms by\nISS Securities Class Action Services. In 2024, the firm recovered\napproximately $90,725,000 for investors.\n\nAttorney Advertising. Past results do not guarantee future outcomes. Services\nmay be performed by attorneys in any of our offices. This communication may be\nconsidered a promotional communication in certain jurisdictions. Frank J.\nJohnson is the attorney responsible for this communication.\n\nContact:\nJohnson Fistel, PLLP\n501 W. Broadway, Suite 800\nSan Diego, CA 92101\nJames Baker, Investor Relations\nFrank J. Johnson, Esq.\n(619) 814-4471\njimb@johnsonfistel.com | fjohnson@johnsonfistel.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7NhRM2","title":"Securities Investigation Into Simulations Plus, Inc. (SLP) Continues — Investors Who Lost Money Encouraged to Contact Johnson Fistel","author":"Globe Newswire","ticker":"SLP","created":"2026-06-12T11:58:56.099Z","tickers":["SLP"],"exchange":"NASDAQ","article_body":"SAN DIEGO, June 12, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is\ninvestigating potential securities law violations on behalf of investors of\nSimulations Plus, Inc. (NASDAQ: SLP). The investigation concerns whether\nSimulations Plus or certain of its officers and directors made false or\nmisleading statements, or failed to disclose material information, concerning\nthe Company’s financial outlook, reporting practices, internal controls, and\nrelated accounting matters.\n\nWhat Should Simulations Plus Investors Do?\n\nIf you purchased Simulations Plus securities and suffered losses, you may have\nlegal rights. Investors are encouraged to join the investigation by visiting:\n\nhttps://www.johnsonfistel.com/investigations/simulations-plus-inc/\n\nThere is no cost or obligation to participate.\n\nWhy Is Johnson Fistel Investigating Simulations Plus?\n\nOn April 3, 2025, Simulations Plus reported financial results for the second\nquarter of fiscal 2025 and maintained full-year fiscal 2025 revenue guidance\nof $90 million to $93 million.\n\nThen, on June 11, 2025, Simulations Plus announced preliminary third-quarter\nfiscal 2025 revenue results and reduced its full-year fiscal 2025 revenue\nguidance to a range of $76 million to $80 million. The Company attributed the\nrevised outlook, in part, to market uncertainties affecting pharmaceutical and\nbiotechnology customers, including budget reductions, project cancellations,\nand delays.\n\nFollowing this announcement, Simulations Plus stock declined more than 24%,\nfalling from $26.44 per share to $20.05 per share.\n\nAdditional Simulations Plus Disclosures\n\nOn July 14, 2025, Simulations Plus reported third-quarter fiscal 2025\nfinancial results and disclosed a net loss of $67.3 million, or $3.35 per\ndiluted share. The loss included a $77.2 million non-cash impairment charge.\n\nThe following day, Simulations Plus disclosed that its Audit Committee had\ndismissed Grant Thornton LLP as the Company’s independent registered public\naccounting firm. In the Company’s Form 8-K, Simulations Plus stated that\ncertain matters relating to segment reporting, reporting-unit determinations,\nand internal control over financial reporting could not be finalized in time\nfor the Company’s Quarterly Report on Form 10-Q.\n\nGrant Thornton later filed a letter with the SEC disagreeing with aspects of\nSimulations Plus’ disclosure. In that letter, Grant Thornton stated that it\nhad identified and communicated matters to management and the Audit Committee\nrelating to segment reporting, reporting-unit determinations, and internal\ncontrol over financial reporting, and that those matters “were not resolved\nto our satisfaction” as of the date Grant Thornton was terminated.\n\nFollowing these disclosures, Simulations Plus shares fell nearly 26%,\ndeclining from $17.47 per share to $12.97 per share.\n\nAbout Johnson Fistel, PLLP\n\nJohnson Fistel, PLLP is a nationally recognized shareholder rights law firm\nwith offices in California, New York, Georgia, Idaho, and Colorado. The firm\nrepresents individual and institutional investors in shareholder derivative\nand securities class action lawsuits.\n\nJohnson Fistel has been recognized as one of the Top 10 Plaintiff Law Firms by\nISS Securities Class Action Services. In 2024, the firm recovered\napproximately $90,725,000 for investors.\n\nAttorney Advertising. Past results do not guarantee future outcomes. Services\nmay be performed by attorneys in any of our offices. This communication may be\nconsidered a promotional communication in certain jurisdictions. Frank J.\nJohnson is the attorney responsible for this communication.\n\nContact:\nJohnson Fistel, PLLP\n501 W. Broadway, Suite 800\nSan Diego, CA 92101\nJames Baker, Investor Relations\nFrank J. Johnson, Esq.\n(619) 814-4471\njimb@johnsonfistel.com | fjohnson@johnsonfistel.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-12T11:58:56.135031093Z","server_sent_at_ms":1781265536135},"received_at":"2026-06-12T11:58:56.186Z","source_url":null},"analysis":{"id":"51738","press_release_id":"62312","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"Johnson Fistel, PLLP is investigating potential securities law violations on behalf of investors of Simulations Plus, Inc. (SLP).\n\nThe investigation focuses on whether the company made false or misleading statements regarding its financial outlook, reporting practices, and internal controls.\n\nThis is a routine plaintiff-law-firm solicitation encouraging investors with losses to contact the firm; it does not represent a new disclosure from the issuer or a court-certified class action.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"q3_eps":"$3.35","q3_net_loss":"$67.3 million","impairment_charge":"$77.2 million","fiscal_2025_q2_guidance":"$90 million to $93 million","fiscal_2025_q3_guidance":"$76 million to $80 million"}},"quotedText":"If you purchased Simulations Plus securities and suffered losses, you may have legal rights.","namedEntities":{"people":[{"name":"Frank J. Johnson","role":"Attorney"},{"name":"James Baker","role":"Investor Relations"}],"products":[],"companies":[{"name":"Simulations Plus, Inc.","ticker":"SLP","relationship":"target"},{"name":"Johnson Fistel, PLLP","relationship":"plaintiff law firm"},{"name":"Grant Thornton LLP","relationship":"former auditor"}],"dollarAmounts":[{"amount":"$90 million to $93 million","context":"initial full-year fiscal 2025 revenue guidance"},{"amount":"$76 million to $80 million","context":"revised full-year fiscal 2025 revenue guidance"},{"amount":"$26.44","context":"stock price before Q3 guidance cut"},{"amount":"$20.05","context":"stock price after Q3 guidance cut"},{"amount":"$67.3 million","context":"Q3 fiscal 2025 net loss"},{"amount":"$3.35","context":"Q3 fiscal 2025 diluted EPS loss"},{"amount":"$77.2 million","context":"non-cash impairment charge"},{"amount":"$17.47","context":"stock price before auditor dismissal"},{"amount":"$12.97","context":"stock price after auditor dismissal"},{"amount":"$90,725,000","context":"amount recovered by Johnson Fistel in 2024"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Johnson Fistel. No new disclosure from the issuer; no certified class, no settlement. Boilerplate investigation notice."},"tickerRelevance":{"others":[],"primary":"SLP"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Johnson Fistel, PLLP is investigating potential securities law violations on behalf of investors of Simulations Plus, Inc. 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