Certara Q2 revenue $70.1M (+15% YoY); acquires Pinnacle 21 for $310M; raises FY guidance

Certara, Inc.

2021-Q2 EPS reported -$0.01 revenue$136,814,000

Revenue $70.1M, +15% YoY; net loss $2.9M vs net income $2.8M in Q2 2020.
Adjusted EBITDA $25.5M, +1% YoY; diluted EPS $(0.02) vs $0.02 prior year.
Announced acquisition of Pinnacle 21 for $310M in cash/stock; closing expected early Q4 2021.
Raised FY2021 guidance: revenue $283-289M, Adj EBITDA $101-103M, Adj diluted EPS $0.21-0.25.

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