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Stock impact report

Certara Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Certara, Inc. (CERT) 
Company Research Source: Yahoo! Finance
in biosimulation, today reported its financial results for the first quarter of fiscal year 2024. First Quarter Highlights: Revenue was $96.7 million, compared to $90.3 million in the first quarter of 2023, representing growth of 7%. Software revenue was $39.3 million, compared to $33.0 million in the first quarter of 2023, representing growth of 19%. Services revenue was $57.3 million, flat compared to $57.3 million in the first quarter of 2023. Net loss was $4.7 million, compared to a net income of $1.4 million in the first quarter of 2023. Adjusted EBITDA was $29.1 million, compared to $32.3 million in the first quarter of 2023. "I am pleased with our first quarter financial results, steered by solid execution across both software and services," said William F. Feehery, Chief Executive Officer. “To date, the strategic investments in additional software capabilities and commercial expansion have progressed on plan, and customer interest for Certara's products and servi Show less Read more
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