NASDAQ$CERT
Certara Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Revenue increased by 23% and Pinnacle 21 was acquired.
Certara reported a strong third quarter with a 23% increase in revenue compared to the same quarter last year. The company completed the acquisition of Pinnacle 21 and raised its full-year 2021 guidance.
- Revenue was $73.9 million, compared to $60.3 million in the third quarter of 2020, representing growth of 23% over the third quarter of 2020.
- Net loss was $1.8 million, compared to net income of $1.2 million in the third quarter of 2020, representing a decrease of $3.0 million over the third quarter of 2020.
- Adjusted EBITDA was $26.1 million, compared to $20.5 million in the third quarter of 2020, representing growth of 28% over the third quarter of 2020.
- Completed the acquisition of Pinnacle 21, LLC (“Pinnacle”) on October 1, 2021, for total consideration of $250 million cash and 2,239,717 shares of restricted common stock of the Company.
Headline financials
Revenue & EPS history
Certara · Revenue · Quarterly
$73.9M
Revenue by segment
Certara · $90.3M total across 2 segments · Q1 2023
- Services$57.3M—63.5%
- Software$33M—36.5%
Forward guidance
Certara updated its full year 2021 guidance, raising the ranges for revenue, adjusted EBITDA and adjusted diluted earnings per share, based on performance through September and the expected impact of Pinnacle 21 in the fourth quarter.
Tailwinds
- Revenue between $288 million and $291 million
- Adjusted revenue between $292 million and $295 million
- Adjusted EBITDA between $106 million and $108 million
- Adjusted diluted earnings per share between $0.22 and $0.26
- Fully diluted shares for 2021 to be in the range of 155 million to 156 million
Headwinds
- Effective annual tax rate for 2021 to be in the range of 40% to 45%.
- variability and low visibility with respect to costs related to acquisitions
- variability and low visibility with respect to costs related to financings
- variability and low visibility with respect to costs related to employee stock compensation programs
- potential adjustments to future earnings
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 Q3 2021
-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 | — | — | — |
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