Core Viewpoint - Simulations Plus, Inc. experienced a significant decline in share price, approximately 25%, following the announcement of a $67.3 million net loss for Q3 2025, which included a $77.2 million impairment charge and the dismissal of its independent auditor, Grant Thornton [1]. Financial Performance - The company reported a net loss of $67.3 million for Q3 2025, which was attributed to a $77.2 million impairment charge [1]. - The impairment charge involved adjusting the book value of its assets to align with current market values [4]. Auditor Dismissal - Simulations Plus terminated its engagement with Grant Thornton on July 9, 2025, after hiring the firm on April 15, 2025 [1][4]. - The company cited issues related to segment reporting and internal controls over financial reporting as reasons for the auditor change, stating that these matters could not be finalized for its May 31, 2025, quarterly report [5]. Investigation - Hagens Berman, a national shareholders rights firm, has initiated an investigation into whether Simulations Plus misled investors regarding its asset valuations and the reasons for dismissing Grant Thornton [2][3]. - Grant Thornton disputed Simulations Plus's account of the dismissal, indicating that it had raised specific concerns about the company's financial statements during its review [6]. Shareholder Actions - Shareholders who suffered substantial losses are encouraged to submit their losses to assist in the investigation [2][7].