Certara Q2 revenue $90.5M, net income $4.7M; lowers FY2023 outlook

Certara, Inc.

2023-Q2 EPS reported $0.04 revenue$180,751,000

Revenue $90.5M (+9% YoY, +10% constant currency); net income $4.7M vs loss $0.6M.
Adjusted EBITDA $32.4M (+16% YoY); software revenue and bookings each +17% YoY.
Services revenue +5% YoY but bookings declined; CEO cites cautious spending by small biotech.
Software renewal rate 93% in Q2; management expects services demand improvement in 2024.
FY2023 full-year guidance reduced due to lower services growth and slow regulatory recovery.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Certara, Inc. reported the second quarter of fiscal year 2023 results: revenue $90.5 million, net income $4.7 million. Guidance reaffirmed.

Period: the second quarter of fiscal year 2023
Revenue: $90.5 million
Net income: $4.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Inc. (Nasdaq: CERT), a global leader in biosimulation, today reported its financial results for the second quarter of fiscal year 2023. Second Quarter Highlights: • Revenue was $90.5 million, compared to $82.8 million in the second quarter of 2022, representing growth of 9% over the second quarter of 2022 on a reported basis and 10% at constant currency. • Net income

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Certara, Inc. filing history →

Source: SEC EDGAR

accession 0001827090-23-000008

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