8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

July 15, 2008

Date of Report (Date of the earliest event reported)

Simulations Plus, Inc.

Exact name of registrant as specified in its charter

California	001-32046	95-4595609
State of Incorporation	Commission File Number	IRS Employer Identification Number

42505 10th Street West, Lancaster, California 93534-7059

 Address of principal executive offices, including zip code

661-723-7723

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]           Written communications pursuant to Rule 425 under the Security Act (17 CFR 230.425)

[  ]           Soliciting material pursuant to Rule 14a-12 under the exchange Act (17 CFR 240.14a-12)

[  ]           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d - -2(b))

[  ]           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01                      Other Events.

On July 15, 2008, Simulations Plus, Inc., a California corporation (the "Company"), held a conference call for investors to review the financial results for the three months and nine months ended May 31, 2008. A copy of the PowerPoint slides used as notes for this call is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

This report on Form 8-K (the "Report"), including the disclosures set forth herein, contains certain forward-looking statements that involve substantial risks and uncertainties. When used herein, the terms "anticipates," "expects," "estimates," "believes" and similar expressions, as they relate to us or our management, are intended to identify such forward-looking statements.

Forward-looking statements in this Report or hereafter, including in other publicly available documents filed with the Securities and Exchange Commission (the "Commission"), reports to the stockholders of Simulations Plus, Inc., a California corporation (the "Company" or "us," "our" or "we") and other publicly available statements issued or released by us involve known and unknown risks, uncertainties and other factors which could cause our actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. Such future results are based upon management's best estimates based upon current conditions and the most recent results of operations. These risks include, but are not limited to, the risks set forth herein and in such other documents filed with the Commission, each of which could adversely affect our business and the accuracy of the forward-looking statements contained herein. Our actual results, performance or achievements may differ materially from those expressed or implied by such forward-looking statements.

Item 9.01                      Financial Statements and Exhibits

(d)	Exhibits
		99.1	PowerPoint presentation for the Investor Conference Call on July 15, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SIMULATIONS PLUS, INC.
Dated: July 16, 2008	By: /s/ Momoko Beran
	Momoko Beran
	Chief Financial Officer

EXHIBIT INDEX

Exhibit
Number	Description
99.1	PowerPoint presentation for the Investor Conference Call on July 15, 2008.

EX-99.1

Exhibit 99.1

Investor Relations
3QFY08 Conference Call
July 15, 2008

With the exception of historical information, the matters discussed in this
presentation are forward looking statements that involve a number of risks
and uncertainties. The actual results of the Company could differ
significantly from those statements. Factors that could cause or contribute
to such differences include, but are not limited to: continuing demand for
the Company’s products; competitive factors; the Company’s ability to
finance future growth; the Company’s ability to produce and market new
products in a timely fashion; the Company’s ability to continue to attract
and retain skilled personnel; the Company’s ability to identify, evaluate,
and close suitable acquisitions; and the Company’s ability to sustain or
improve current levels of productivity. Further information on the
Company’s risk factors is contained in the Company’s quarterly and
annual reports and filed with the Securities and Exchange Commission.

Safe Harbor Statement Under the
Private Securities Litigation Reform Act
of 1995

Introduction and Welcome

•Introduction and Welcome

•Agenda

–Third Fiscal Quarter FY 2008 summary

–Strategy Going Forward

–Questions and Answers

Third Fiscal Quarter 2008 Summary

•Gross revenues = $2.97 MM (increase of 12.8% from 3Q07)

–Pharmaceutical software and services = $1.97 MM (up 19.0% from 3Q07)

•Record high quarter

–Words+ subsidiary = $993,000 (up 2.2% from 3Q07)

•Record high quarter

•Shipments of Say it! SAM products going well, PDA shipments more than 80%
higher than last year’s first three quarters

•SG&A = $942,000 (31.7% of sales, downfrom 33.6% in 3Q07)

•R&D Expense = $222,000 (down 2.0% from $227,000 from 3Q07), but total R&D
expenditures up 19.9% including capitalized software development costs

•Income Before Income Taxes = $1.19 MM, an increase of 18.5% from $1.00 MM in
3Q07

•Tax rate of 37% used for the quarter to bring ytd to 32%

•Net Income = $753,000 ($0.042/FD share) a decrease of3.8% from $782,000 or
($0.043/FD share) in 3Q07.

•Cash = $5.99 MM (up 97.0% from $3.04 MM in 3Q07 and up 31.9% in the first 3
quarters)

•Shareholders’ Equity = $9.69 MM (up 26.4% from $7.67 MM at the beginning of the
fiscal year)

Nine Months 2008 Summary

•Gross revenues = $7.13 MM (increase of 7.7% from 3Q07)

–Pharmaceutical software and services = $4.96 MM (up 15.7% from 3Q07)

•GastroPlus and ADMET Predictor are the major contributors to the increase.

–Words+ subsidiary = $2.17 MM (down 6.9% from 3Q07)

•Say-it! SAM PDA shipments have accelerated to over 80% greater than last year

•SG&A = $2.71 MM (37.9% of sales, down from 38.9% in 3Q07)

•R&D Expense = $700,000 (up 11.7% from $627,000 in 3Q07)

•Income Before Income Taxes = $2.3 MM, an increase of 17.5% from $1.95
MM in 3Q07

•Net Income = $1.56 MM ($0.085/FD share) an increase of 2.5% from $1.52
MM or ($0.086/FD share) in 3Q07.

•Cash = $5.99 MM (up 31.9% in the first 3 quarters) and cash today is over $6.7
MM, up 47.6% year-to-date

•Shareholders’ Equity = $9.69 MM (up 26.4% from the beginning of the fiscal
year)

Income Tax Discussion

•After the tax issues we had last year, we hired two different
tax expert companies to analyze our taxes:

–A company to work on our deferred tax analysis every quarterly report
and to prepare our income tax returns

–A tax credit specialist company to find potential unused tax credits

•At the last conference call we had an estimate from this consultant of about
$360,000 in R&D tax credits. After a couple of additional months of work,
the final number turned out to be about $270,000, or about $90,000 less
than the initial estimate. Estimates are just that - estimates. In this case, it
was a bit high.

•Our increased profitability results in a smaller relative percent
contribution to reducing our taxes for the credits we have

•The net result is we had to use a tax rate of 37% for this
quarter in order to bring the average for the first 9 months to
32%, which is what we expect for the full year.

Guidance

•Revenue guidance provided during last quarter’s conference
call was for an additional $1 million in consolidated revenues

•As of the end of the 3rd quarter, we are $510,000 ahead of last
year

•Although we are working hard to achieve the additional
$490,000 we would need in the 4th quarter, the low first two
quarters our Words+ subsidiary experienced are making that
difficult.

•We expect the 4th quarter to exceed last year’s 4th quarter, but
we will not provide a specific target at this time.

•We believe the excellent growth in shareholders’ equity and
cash demonstrate the strength of our product line and business
strategies, and we expect both to continue the growth trend
with annual rates exceeding 30-40%.

Progress

•ADMET Predictor/ADMET Modeler

–Version 3.0 released in June

•More than 50 new quantum charge-related descriptors added from the
work we did under our Phase I SBIR project last year, and subsequent
work funded internally

•All existing property models retrained with the new descriptors, resulting
inimproved accuracy, fewer numbers of descriptors required, or both

•14 new models added in metabolism and toxicity

•Ability to see various charges on individual atoms in a molecule drawing
provides tremendous insight for chemists

•Added powerful new state-of-the-art graphics package that lets users
visualize relationships in many dimensions

–Recent e-mail communications from industry and academia affirm
ADMET Predictor’s #1 position in predictive accuracy in competitive
comparison studies

–U.S. Environmental Protection Agency has now licensed ADMET
Predictor

Progress - - 2

•ClassPharmer

–Version 4.5 released in June

–Pair SAR (structure-activity relationship) feature allows rapid
detection of small changes in molecular structure that result in large
changes in properties

–Full integration with ADMET Predictor provides powerful new
molecule design tool with unique capabilities

•DDDPlus

–Incremental improvements this quarter

–Growing user base for this new technology

–Collaboration with a major pharmaceutical company will expand
types of experiments

Progress - - 3

•GastroPlus

–Version 6.0 released in June

•Additional improvements to our new IVIVCPlus™ Module - important
capability for generic and innovator companies

•PKPlus™ Module - pharmacokinetics for oral and iv doses

•PDPlus™ Module - pharmacodynamic (response) modeling

–Pfizer poster presented at Shanghai conference in May reported
results of a two-year study comparing the four commercially available
simulation programs with physiologically based pharmacokinetics
(PBPK) capabilities. Ratings were based on the programs’ ability to
predict human results from only laboratory and animal data for either
intravenous or oral doses. GastroPlus placed #1 in both categories. No
other program was consistently in the top 4.

–FDA now has multiple licenses

–Consulting contracts continue coming in to assist pharmaceutical
companies worldwide in analyzing preclinical and clinical data with
GastroPlus

Progress - - 4

•Words+ subsidiary

–Third quarter set new record for revenues. We expect
Words+ to continue to make a positive contribution going
forward

–New Say-it! SAM PDA-based communication system is
selling very well - shipments this fiscal year are more than
80% ahead of last year

–Major new product will be released shortly - 12” touch
tablet-based system with excellent sound quality

–Improved sales results also due in part to new full-time
national sales manager who is improving marketing and
sales activities and dealer relationships

Strategy Going Forward

•Expand product line and services, marketing and sales efforts

–Pharmaceutical software and services

•Hiring new scientists to expand Life Sciences team

•Continue to enhance current products

•Develop new products and services

•Continue to seek accretive acquisitions with growing cash reserves

•Resubmit Phase II SBIR proposal ($750,000) in August

•Expand marketing and sales team to handle growing interest in modeling and
simulation tools in the pharmaceutical industry and other industries

•Redesigned web site online as of June

•Expand Simulation Technologies team to handle growing demand for
consulting services

–Words+ subsidiary

•New 12” tablet-based product nearing release

•National sales manager continuing efforts to grow sales force

•New web site design underway

•Potential acquisition is on hold to assess an alternative opportunity

•Continue to forge collaborative relationships within academia,
government, and industry organizations

Summary

•Company is financially very strong with steadily growing cash position and
no debt

•Growing, dedicated and extremely talented workforce

•Marketing and sales efforts are being expanded in both businesses

•Acquisitions are a major part of our growth strategy and we continue to be
on the hunt for complementary products and businesses

•Market potential on the pharmaceutical side of the business is in three
areas: chemistry, preclinical/clinical analysis, and training. We believe
there are many hundreds of companies that can productively use our
products and services in this area, as well as additional growth potential
within the pharmaceutical giants

•Market potential on the disability side of the business is also large. For
example, our newest solutions address communication needs for autism,
which is a growing part of the assistive technology market. Also, the new
12” tablet will fill a hole in our product line that was created last year when
we discontinued our super rugged product of this size. The previous unit
was quite expensive, where the new unit will be priced within the Medicare
allowables.

•These slides available by e-mail on request through info@simulations-
plus.com

Questions?