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SEGMENT AND GEOGRAPHIC REPORTING
 6 Months Ended
Feb. 28, 2022
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC REPORTING

NOTE 9: SEGMENT AND GEOGRAPHIC REPORTING

 

We account for segments and geographic revenue in accordance with guidance issued by the FASB. Our reportable segments are strategic business units that offer different products and services.

 

Results for each business unit segment and consolidated results for the three and six months ended February 28, 2022 and 2021 were as follows: 

               
(in thousands)  Three Months Ended February 28, 2022 
   Software   Services   Total 
Revenue  $9,758   $5,038   $14,796 
Cost of revenue   780    2,050    2,830 
Gross profit  $8,978   $2,988   $11,966 
Gross margin   92%    59%    81% 

 

Our software business and services business represented 66% and 34% of total revenue, respectively, for the three months ended February 28, 2022.

 

(in thousands)  Three Months Ended February 28, 2021 
   Software   Services   Total 
Revenue  $7,827   $5,320   $13,147 
Cost of revenue   836    2,075    2,911 
Gross profit  $6,991   $3,245   $10,236 
Gross margin   89%    61%    78% 

 

Our software business and services business represented 60% and 40% of total revenue, respectively, for the three months ended February 28, 2021.

 

(in thousands)  Six Months Ended February 28, 2022 
   Software   Services   Total 
Revenue  $17,120   $10,093   $27,213 
Cost of revenue   1,515    4,071    5,586 
Gross profit  $15,605   $6,022   $21,627 
Gross margin   91%    60%    79% 

 

Our software business and services business represented 63% and 37% of total revenue, respectively, for the six months ended February 28, 2022.

 

(in thousands)  Six Months Ended February 28, 2021 
   Software   Services   Total 
Revenue  $13,975   $9,873   $23,848 
Cost of revenue   1,647    3,697    5,344 
Gross profit  $12,328   $6,176   $18,504 
Gross margin   88%    63%    78% 

 

Our software business and services business represented 59% and 41% of total revenue, respectively, for the six months ended February 28, 2021.

 

Revenue by product and consolidated revenue for the three and six months ended February 28, 2022 and 2021 were as follows: 

        
(in thousands)  Three Months Ended February 28, 
   2022   2021 
Software revenue                    
GastroPlus  $5,450    56%   $4,483    57% 
MonolixSuite   2,222    23    1,551    20 
ADMET Predictor   1,367    14    1,212    15 
Other   719    7    581    8 
Total software revenue  $9,758    100%   $7,827    100% 
                     
Services revenue                    
PKPD  $2,222    44%   $2,585    49% 
QSP/QST   1,527    30    1,745    33 
PBPK   948    19    945    17 
Other   341    7    45    1 
Total services revenue  $5,038    100%   $5,320    100% 
Total consolidated revenue  $14,796        $13,147      

 

 

(in thousands)  Six Months Ended February 28, 
   2022   2021 
Software revenue                    
GastroPlus  $9,435    55%   $7,819    56% 
MonolixSuite   3,792    22    2,716    19 
ADMET Predictor   2,826    17    2,384    17 
Other   1,067    6    1,056    8 
Total software revenue  $17,120    100%   $13,975    100% 
                     
Services revenue                    
PKPD  $4,548    45%   $4,830    49% 
QSP/QST   2,993    30    2,867    29 
PBPK   1,807    18    1,573    16 
Other   745    7    603    6 
Total services revenue  $10,093    100%   $9,873    100% 
Total consolidated revenue  $27,213        $23,848      

 

Revenue by division and consolidated revenue for the three and six months ended February 28, 2022 and 2021 were as follows:

Schedule of revenue by division

(in thousands)  Three Months Ended February 28, 
   2022   2021 
Simulations Plus  $7,989    54%   $6,646    51% 
Cognigen   2,437    17    2,783    21 
DILIsym   2,102    14    2,114    16 
Lixoft   2,268    15    1,604    12 
Total  $14,796    100%   $13,147    100% 

 

(in thousands)  Six Months Ended February 28, 
   2022   2021 
Simulations Plus  $14,504    53%   $12,078    51% 
Cognigen   4,940    18    5,451    23 
DILIsym   3,819    14    3,486    15 
Lixoft   3,950    15    2,833    11 
Total  $27,213    100%   $23,848    100% 

 

In addition, we allocate revenue to geographic areas based on the locations of our customers. Revenue for each geographical area and consolidated revenue for the three and six months ended February 28, 2022 and 2021 were as follows: 

Schedule of revenue by geographic areas

(in thousands)  Three Months Ended February 28, 
   2022   2021 
Americas  $9,696    66%   $8,662    66% 
EMEA   3,706    25    3,071    23 
Asia Pacific   1,394    9    1,414    11 
Total  $14,796    100%   $13,147    100% 

 

(in thousands)  Six Months Ended February 28, 
   2022   2021 
Americas  $18,155    67%   $15,785    66% 
EMEA   6,731    24    5,560    23 
Asia Pacific   2,327    9    2,503    11 
Total  $27,213    100%   $23,848    100%