Simulations Plus, Inc. (NASDAQ:SLP) Q3 2019 Earnings Conference Call Transcript
Jul 10, 2019 • 04:15 pm ET
John R. Kneisel
our shareholders through consistent dividends and we've been able to invest for future growth through acquisitions and maintain a healthy balance sheet and keep our cash balance up and not borrow any debt as we increase the value of the company.
As of yesterday, our cash balance was at $12.9 million. We do have a payout of about $1.7 million to make in next two months for acquisition payment on our RTP acquisition, but again, today, we announced with our earnings release that the Board of Directors has voted to distribute another $0.06 per share quarterly dividend, payable August 1st.
Now, I'll turn the call back to you, Shawn.
Thank you, John. In summary, the quarter demonstrated the continued returns on our growth-related investments. Revenue growth outpaced increased spending and we enjoyed strong gross and operating margins, leading to increased profitability. Our revenue outlook is positive and tracking to higher -- the higher end of our growth expectations for 2019. We continue to recruit additional staff in support of our service business and invest in our sales and marketing efforts, and, finally, look to expand our international presence. As this quarter has demonstrated, the absolute dollar impact of these investments can be offset with revenue -- strong revenue growth. I'm encouraged with our progress and believe we are on track.
With that, let's open it up for questions.