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Dec 31, 2020
Certara Q4 2020 Earnings Report
Certara's fourth quarter results for 2020 were released, showing revenue growth and improved profitability, along with the successful completion of their IPO.
Key Takeaways
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.
Forward Guidance
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.
Positive Outlook
- Full year 2021 revenue to be in the range of $272 million to $285 million.
- 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.
- The expected fully diluted shares for 2021 will be 153 million to 155 million.
- The expected effective tax rate for 2021 will be 45% to 50%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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