Certara reported a 20% increase in revenue, reaching $64.6 million for the fourth quarter of 2020. The company's net loss was ($54.4) million, and adjusted EBITDA was $22.2 million. The revenue growth was driven primarily by technology enabled services and subscription software.
Revenue was $64.6 million in the fourth quarter of 2020, representing year-over-year growth of 20%.
Reported net loss was ($54.4) million in the fourth quarter of 2020.
Adjusted EBITDA was $22.2 million in the fourth quarter of 2020, representing year-over-year growth of 36%.
Certara completed an initial public offering of 14.6 million shares, raising $316.3 million in net proceeds to the Company.
Certara expects full year 2021 revenue to be in the range of $272 million to $285 million. Certara expects full year 2021 Adjusted EBITDA to be in the range of $98 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.
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