Certara Q4 revenue $88M (+2% YoY); net loss of $12.5M vs $9.2M income in prior year

Certara, Inc.

2023-FY EPS reported -$0.35 revenue$354,337,000

Net loss includes $12.8M increase in fair value of contingent consideration remeasurement related to Vyasa Analytics.
Adjusted EBITDA was $29.6M, down from $31.9M in Q4 2022.
Record software bookings and broad-based recovery in technology-enabled services bookings in the quarter.
Full year 2024 financial guidance provided; CEO cites improved execution and investment in AI capabilities.
Total revenue $88.0M for Q4 2023 vs $86.6M in prior year; constant-currency growth 1%.

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 fourth quarter of fiscal year 2023 results: revenue $88.0 million, net income Net loss was $12.5 million. Guidance initiated.

Period: the fourth quarter of fiscal year 2023
Revenue: $88.0 million
Net income: Net loss was $12.5 million
Guidance: initiated
Result: reported results

Exact text from the filing

Certara Reports Fourth Quarter 2023 Financial Results Provides Full Year 2024 Financial Guidance PRINCETON, N.J.— February 29, 2024-- 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.

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Source: SEC EDGAR

accession 0001827090-24-000005

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