Simulations Plus, Inc.

Analysis for Ticker: SLP

Simulations Plus Inc builds computer programs and uses artificial intelligence to help drug companies test medicines without using real people. It looks like a high-tech success, but it is actually a mathematical disaster where 62,7$ million in shareholder wealth vanished in just one year. They spent 100,0$ million on a company called Pro-ficiency, then admitted it was nearly worthless just months later. This is like a baker burning his own oven down and then bragging that his business is better because he no longer has to pay for the electricity to heat it.