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Mar 31, 2022
Certara Q1 2022 Earnings Report
Certara experienced revenue growth driven by strong demand for technology-driven services and proprietary software.
Key Takeaways
Certara reported a strong first quarter with a 22% increase in revenue compared to the first quarter of 2021. Net income also saw a significant increase, growing by 110% compared to the same period last year.
Revenue was $81.6 million, a 22% increase compared to Q1 2021.
Excluding Pinnacle 21, revenue grew by 13% compared to Q1 2021.
Net income was $2.2 million, a 110% increase compared to Q1 2021.
Adjusted EBITDA was $27.7 million, a 16% increase compared to Q1 2021.
Forward Guidance
Certara is reiterating its previously reported guidance for full year 2022 with the exception of an update to guidance for fully diluted shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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