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SEGMENT AND GEOGRAPHIC REPORTING | 9 Months Ended
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May 31, 2022
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC REPORTING | 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 nine months ended May 31, 2022 and 2021 were as follows:
(in thousands) |  | Three Months Ended May 31, 2022
|  | Software |  | Services |  | Total
Revenue |  | $ | 9,647 |  |  | $ | 5,312 |  |  | $ | 14,959 |
Cost of revenue |  | 730 |  |  | 1,829 |  |  | 2,559 |
Gross profit |  | $ | 8,917 |  |  | $ | 3,483 |  |  | $ | 12,400 |
Gross margin |  | 92 | % |  | 66 | % |  | 83 | %
Our software business and services business represented 64% and 36% of total revenue, respectively, for the three months ended May 31, 2022.
(in thousands) |  | Three Months Ended May 31, 2021
|  | Software |  | Services |  | Total
Revenue |  | $ | 8,298 |  |  | $ | 4,479 |  |  | $ | 12,777 |
Cost of revenue |  | 800 |  |  | 1,671 |  |  | 2,471 |
Gross profit |  | $ | 7,498 |  |  | $ | 2,808 |  |  | $ | 10,306 |
Gross margin |  | 90 | % |  | 63 | % |  | 81 | %
Our software business and services business represented 65% and 35% of total revenue, respectively, for the three months ended May 31, 2021.
(in thousands) |  | Nine Months Ended May 31, 2022
|  | Software |  | Services |  | Total
Revenue |  | $ | 26,767 |  |  | $ | 15,405 |  |  | $ | 42,172 |
Cost of revenue |  | 2,245 |  |  | 5,900 |  |  | 8,145 |
Gross profit |  | $ | 24,522 |  |  | $ | 9,505 |  |  | $ | 34,027 |
Gross margin |  | 92 | % |  | 62 | % |  | 81 | %
Our software business and services business represented 63% and 37% of total revenue, respectively, for the nine months ended May 31, 2022.
(in thousands) |  | Nine Months Ended May 31, 2021
|  | Software |  | Services |  | Total
Revenue |  | $ | 22,337 |  |  | $ | 14,288 |  |  | $ | 36,625 |
Cost of revenue |  | 2,448 |  |  | 5,367 |  |  | 7,815 |
Gross profit |  | $ | 19,889 |  |  | $ | 8,921 |  |  | $ | 28,810 |
Gross margin |  | 89 | % |  | 62 | % |  | 79 | %
Our software business and services business represented 61% and 39% of total revenue, respectively, for the nine months ended May 31, 2021. Revenue by product and consolidated revenue for the three and nine months ended May 31, 2022 and 2021 were as follows:
(in thousands) |  | Three Months Ended May 31,
|  | 2022 |  | 2021
Software revenue |  |  |  |  |  |  |  |
GastroPlus |  | $ | 6,434 |  |  | 67 | % |  | $ | 5,426 |  |  | 65 | %
MonolixSuite |  | 1,025 |  |  | 11 | % |  | 948 |  |  | 11 | %
ADMET Predictor |  | 1,593 |  |  | 17 | % |  | 1,488 |  |  | 18 | %
Other |  | 595 |  |  | 6 | % |  | 436 |  |  | 5 | %
Total software revenue |  | $ | 9,647 |  |  | 100 | % |  | $ | 8,298 |  |  | 100 | %
Services revenue |  |  |  |  |  |  |  |
PKPD |  | $ | 2,482 |  |  | 47 | % |  | $ | 1,925 |  |  | 43 | %
QSP/QST |  | 1,197 |  |  | 23 | % |  | 1,180 |  |  | 26 | %
PBPK |  | 1,351 |  |  | 25 | % |  | 739 |  |  | 17 | %
Other |  | 282 |  |  | 5 | % |  | 635 |  |  | 14 | %
Total services revenue |  | $ | 5,312 |  |  | 100 | % |  | $ | 4,479 |  |  | 100 | %
Total consolidated revenue |  | $ | 14,959 |  |  |  |  | $ | 12,777 |  |  |
(in thousands) |  | Nine Months Ended May 31,
|  | 2022 |  | 2021
Software revenue |  |  |  |  |  |  |  |
GastroPlus |  | $ | 15,869 |  |  | 59 | % |  | $ | 13,245 |  |  | 59 | %
MonolixSuite |  | 4,817 |  |  | 18 | % |  | 3,664 |  |  | 16 | %
ADMET Predictor |  | 4,419 |  |  | 17 | % |  | 3,872 |  |  | 17 | %
Other |  | 1,662 |  |  | 6 | % |  | 1,556 |  |  | 7 | %
Total software revenue |  | $ | 26,767 |  |  | 100 | % |  | $ | 22,337 |  |  | 100 | %
Services revenue |  |  |  |  |  |  |  |
PKPD |  | $ | 7,030 |  |  | 46 | % |  | $ | 6,755 |  |  | 47 | %
QSP/QST |  | 4,190 |  |  | 27 | % |  | 4,047 |  |  | 28 | %
PBPK |  | 3,158 |  |  | 20 | % |  | 2,312 |  |  | 16 | %
Other |  | 1,027 |  |  | 7 | % |  | 1,174 |  |  | 8 | %
Total services revenue |  | $ | 15,405 |  |  | 100 | % |  | $ | 14,288 |  |  | 100 | %
Total consolidated revenue |  | $ | 42,172 |  |  |  |  | $ | 36,625 |  |  |
Revenue by division and consolidated revenue for the three and nine months ended May 31, 2022 and 2021 were as follows:
(in thousands) |  | Three Months Ended May 31,
|  | 2022 |  | 2021
Simulations Plus |  | $ | 9,412 |  |  | 63 | % |  | $ | 7,916 |  |  | 62 | %
Cognigen |  | 2,745 |  |  | 18 | % |  | 2,536 |  |  | 20 | %
DILIsym |  | 1,723 |  |  | 12 | % |  | 1,331 |  |  | 10 | %
Lixoft |  | 1,079 |  |  | 7 | % |  | 994 |  |  | 8 | %
Total |  | $ | 14,959 |  |  | 100 | % |  | $ | 12,777 |  |  | 100 | %
(in thousands) |  | Nine Months Ended May 31,
|  | 2022 |  | 2021
Simulations Plus |  | $ | 23,916 |  |  | 57 | % |  | $ | 19,994 |  |  | 55 | %
Cognigen |  | 7,685 |  |  | 18 | % |  | 7,987 |  |  | 22 | %
DILIsym |  | 5,542 |  |  | 13 | % |  | 4,817 |  |  | 13 | %
Lixoft |  | 5,029 |  |  | 12 | % |  | 3,827 |  |  | 10 | %
Total |  | $ | 42,172 |  |  | 100 | % |  | $ | 36,625 |  |  | 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 nine months ended May 31, 2022 and 2021 were as follows:
(in thousands) |  | Three Months Ended May 31,
|  | 2022 |  | 2021
Americas |  | $ | 11,163 |  |  | 75 | % |  | $ | 9,651 |  |  | 76 | %
EMEA |  | 1,925 |  |  | 13 | % |  | 1,462 |  |  | 11 | %
Asia Pacific |  | 1,871 |  |  | 13 | % |  | 1,664 |  |  | 13 | %
Total |  | $ | 14,959 |  |  | 100 | % |  | $ | 12,777 |  |  | 100 | %
(in thousands) |  | Nine Months Ended May 31,
|  | 2022 |  | 2021
Americas |  | $ | 29,318 |  |  | 70 | % |  | $ | 25,436 |  |  | 69 | %
EMEA |  | 8,656 |  |  | 21 | % |  | 7,022 |  |  | 19 | %
Asia Pacific |  | 4,198 |  |  | 10 | % |  | 4,167 |  |  | 11 | %
Total |  | $ | 42,172 |  |  | 100 | % |  | $ | 36,625 |  |  | 100 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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