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Dec 31, 2023
Certara Q4 2023 Earnings Report
Reported strong fourth quarter results driven by improved execution across both software and services.
Key Takeaways
Certara's fourth-quarter revenue reached $88.0 million, a 2% increase year-over-year. The company experienced a net loss of $12.5 million, influenced by a $12.8 million increase in the fair value of contingent considerations, primarily related to Vyasa Analytics. Adjusted EBITDA stood at $29.6 million.
Revenue was $88.0 million, a 2% increase compared to Q4 2022.
Net loss was $12.5 million, compared to a net income of $9.2 million in Q4 2022.
Adjusted EBITDA was $29.6 million, compared to $31.9 million in Q4 2022.
Diluted loss per share was $(0.08), as compared to diluted earnings of $0.06 in Q4 2022.
Revenue by Segment
Forward Guidance
Certara is providing its guidance for full year 2024. We expect the following:
Positive Outlook
- Full year 2024 revenue to be in the range of $385 million to $400 million.
- Full year adjusted EBITDA is expected to grow with expected margin to be in the range of 31-33%.
- Full year adjusted diluted earnings per share is expected to be in the range of $0.41-$0.46.
- Fully diluted shares are expected to be in the range of 160 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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