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Sep 30, 2022
Certara Q3 2022 Earnings Report
Revenue increased by 15% and net income increased by $5.7 million, driven by biosimulation software and services.
Key Takeaways
Certara reported a strong third quarter with revenue of $84.7 million, a 15% increase compared to the third quarter of 2021. Net income was $3.9 million, a significant improvement from the net loss of $1.8 million in the same period last year. The company reiterated its full-year guidance for 2022.
Revenue was $84.7 million, representing a 15% increase compared to Q3 2021.
Net income was $3.9 million, compared to a net loss of $1.8 million in Q3 2021.
Adjusted EBITDA was $32.7 million, a 25% increase over Q3 2021.
Full year guidance was reiterated.
Revenue by Segment
Forward Guidance
Certara is reiterating its previously reported guidance for full year 2022 guidance of $325 million to $335 million for revenue, $112 million to $117 million for adjusted EBITDA, and $0.43-$0.48 for adjusted diluted earnings per share.
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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