Johnson Fistel Investigates Simulations Plus Following Revenue Guidance Cut and Accounting Disclosures

Johnson Fistel is investigating Simulations Plus (SLP) after the company cut its fiscal 2025 revenue guidance from $90-93 million to $76-80 million in June 2025, citing budget reductions and project delays. The stock fell 24% following the announcement. In July, the company reported a $67.3 million net loss including a $77.2 million impairment charge and dismissed its auditor Grant Thornton, which cited unresolved concerns about segment reporting and internal controls, triggering another 26% stock decline.