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Mar 31, 2021
Certara Q1 2021 Earnings Report
Certara experienced revenue growth and increased profitability.
Key Takeaways
Certara reported a successful start to the year with a 16% increase in revenue compared to Q1 2020, driven by technology-enabled services and software licenses and subscriptions. Net income saw a slight increase, and adjusted EBITDA grew by 20%. The company updated its full-year 2021 guidance, raising the low end of the range for revenue and adjusted EBITDA and lowering the range for its effective annual tax rate.
Revenue reached $66.7 million, a 16% increase year-over-year.
Net income increased slightly to $1.1 million.
Adjusted EBITDA grew by 20% to $23.9 million.
Full year 2021 revenue guidance updated to $277 million - $285 million and adjusted EBITDA guidance updated to $100 million - $102 million.
Forward Guidance
Certara updated its full year 2021 guidance by raising the low end the range for revenue and Adjusted EBITDA and lowering the range of its effective annual tax rate.
Positive Outlook
- Full year 2021 revenue to be in the range of $277 million to $285 million.
- Full year 2021 Adjusted EBITDA to be in the range of $100 million to $102 million.
- Full year 2021 Adjusted Diluted Earnings Per Share is expected to be in the range of $0.20 to $0.24.
- Fully diluted shares for 2021 will be 153 million to 155 million.
- Effective annual tax rate for 2021 will be in the range of 40% to 45%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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