Certara Q1 revenue $90.3M (+11% YoY); net income $1.4M, down 39%; reiterates 2023 guidance

Certara, Inc.

2023-Q1 EPS reported $0.01 revenue$90,301,000

Revenue $90.3M, up 11% YoY (13% constant currency); net income $1.4M, down 39% vs Q1 2022.
Adjusted EBITDA $32.3M, up 17% YoY; management cites healthy bookings and strong balance sheet.
Reiterates full-year 2023 financial guidance; added to S&P SmallCap 600 index effective March 22, 2023.
Software and biosimulation services drove growth; negative FX impact partially offset sales.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Certara, Inc. reported first quarter of fiscal year 2023 results: revenue $90.3 million, net income $1.4 million. Guidance reaffirmed.

Period: first quarter of fiscal year 2023
Revenue: $90.3 million
Net income: $1.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

financial and strategic objectives and look forward to continued success in 2023,” said John Gallagher, Chief Financial Officer. Total revenue for the first quarter of 2023 was $ 90.3 million , representing growth of 11% over the first quarter of 2022. The overall increase in revenue was primarily due to growth in our technology-driven services and software product

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Certara, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-008534

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