Certara Reports Fourth Quarter 2023 Financial Results
Certara, Inc. (CERT)
Company Research
Source: GlobeNewswire
PRINCETON, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Certara, Inc. (Nasdaq: CERT), a global leader in biosimulation, today reported its financial results for the fourth quarter of fiscal year 2023. Fourth Quarter Highlights: Revenue was $88.0 million, compared to $86.6 million in the fourth quarter of 2022, representing growth of 2% over the fourth quarter of 2022.Strong sequential growth with record software bookings and broad-based recovery in technology enabled services bookings during the quarter.Net loss was $12.5 million, compared to a net income of $9.2 million in the fourth quarter of 2022. Net loss includes a $12.8 million increase in fair value of the remeasurement of contingent considerations primarily related to Vyasa Analytics due to performance of the business. Adjusted EBITDA was $29.6 million, compared to $31.9 million in the fourth quarter of 2022. "We are encouraged by our strong fourth quarter results, driven by improved execution across both software and
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News
- Certara Launches Cloud Platform to Further Unify its End-to-End Scientific Software Platform [Yahoo! Finance]Yahoo! Finance
- Certara Launches Cloud Platform to Further Unify its End-to-End Scientific Software PlatformGlobeNewswire
- Certara, Inc. (NASDAQ: CERT) was upgraded by analysts at KeyCorp from a "sector weight" rating to an "overweight" rating. They now have a $23.00 price target on the stock.MarketBeat
- Certara to Report First Quarter 2024 Financial Results on May 7th, 2024 and Participate in the BofA Securities Healthcare ConferenceGlobeNewswire
- Certara, Inc. (NASDAQ: CERT) is now covered by analysts at JMP Securities. They set a "market perform" rating on the stock.MarketBeat
CERT
Earnings
- 2/29/24 - In-Line
CERT
Sec Filings
- 4/12/24 - Form DEFA14A
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- CERT's page on the SEC website