NASDAQ$CERT
Certara Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Certara's first quarter performance in 2024, marked by revenue growth driven by the software segment, but net loss compared to net income in the same quarter last year.
Certara reported a 7% increase in revenue, driven by strong software revenue growth of 19%. However, the company experienced a net loss of $4.7 million, compared to a net income of $1.4 million in the first quarter of 2023, and a decrease in Adjusted EBITDA to $29.1 million from $32.3 million year-over-year.
- Total revenue increased by 7% year-over-year, reaching $96.7 million.
- Software revenue grew by 19% year-over-year, amounting to $39.3 million.
- Services revenue remained flat at $57.3 million compared to the first quarter of 2023.
- The company reported a net loss of $4.7 million, a decrease compared to a net income of $1.4 million in the first quarter of 2023.
Headline financials
Revenue & EPS history
Certara · Revenue · Quarterly
$96.7M
Revenue by segment
Certara · $90.3M total across 2 segments · Q1 2023
- Services$57.3M—63.5%
- Software$33M—36.5%
Forward guidance
Certara is reiterating its 2024 outlook, and expects full year 2024 revenue to be in the range of $385 million to $400 million, full year adjusted EBITDA is expected to grow with expected margin to be in the range of 31-33%, full year adjusted diluted earnings per share is expected to be in the range of $0.41-$0.46, and Fully diluted shares are expected to be in the range of 160 million to 162 million.
Tailwinds
- Full year 2024 revenue to be in the range of $385 million to $400 million.
- Full year adjusted EBITDA is expected to grow with expected margin to be in the range of 31-33%.
- Full year adjusted diluted earnings per share is expected to be in the range of $0.41-$0.46.
- Fully diluted shares are expected to be in the range of 160 million to 162 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-4.5%
Avg return
Earnings day
-6.4%
Avg return
5 days after
-3.8%
Avg return
30 days after
33%
8 / 24 earnings
Positive
+28.1%
Q3 2022
Best reaction
-23.0%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -18.9% | -29.2% | -17.9% | |
| Q4 2025 | +3.3% | +9.9% | -12.7% | |
| Q3 2025 | -23.0% | -26.5% | -18.2% | |
| Q1 2025 | -11.0% | -6.3% | -8.5% | |
| Q3 2024 | +6.6% | +5.6% | +5.2% | |
| Q2 2024 | -12.6% | -16.1% | -23.1% | |
| Q1 2024 | -7.3% | -3.6% | -2.6% | |
| Q4 2023 | +7.8% | +9.6% | +5.3% | |
| Q3 2023 | +0.6% | +3.5% | +30.6% | |
| Q2 2023 | -10.0% | -6.5% | -19.5% | |
| Q1 2023 | -9.5% | -12.1% | -18.9% | |
| Q4 2022 | +19.4% | +18.4% | +33.1% | |
| Q3 2022 | +28.1% | +37.6% | +64.0% | |
| Q2 2022 | -15.6% | -27.2% | -32.6% | |
| Q1 2022 | -2.5% | -11.3% | -1.4% | |
| Q4 2021 | -13.5% | -21.9% | -15.2% | |
| Q4 2019 | -13.5% | -21.9% | -15.2% | |
| Q3 2021 | -5.5% | -7.4% | -33.7% | |
| Q3 2020 | -5.5% | -7.4% | -33.7% | |
| Q2 2020 | +0.6% | +0.3% | +34.9% | |
| Q2 2021 | +2.3% | -0.0% | +35.3% | |
| Q1 2020 | -0.1% | -7.9% | -10.7% | |
| Q1 2021 | -6.1% | -9.9% | -16.4% | |
| Q4 2020 | -22.2% | -23.5% | -19.1% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro