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Mar 31, 2023
Certara Q1 2023 Earnings Report
Certara's first quarter results for 2023 were reported, showing revenue growth and strategic progress.
Key Takeaways
Certara reported revenue of $90.3 million, representing an 11% increase compared to the first quarter of 2022, and net income of $1.4 million. The company's adjusted EBITDA grew by 17% to $32.3 million.
Revenue increased by 11% to $90.3 million, or 13% on a constant currency basis.
Net income decreased by 39% to $1.4 million.
Adjusted EBITDA increased by 17% to $32.3 million.
Certara was added to the S&P SmallCap 600 Index effective March 22, 2023.
Revenue by Segment
Forward Guidance
Certara provided financial outlook for the full year 2023.
Positive Outlook
- Full year 2023 revenue to be in the range of $370 million to $385 million.
- Full year 2023 adjusted EBITDA to be in the range of $131 million to $137 million.
- Full year adjusted diluted earnings per share to be in the range of $0.50 - $0.55.
- Fully diluted shares to be in the range of 159 million to 162 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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