Certara reports Q4 EPS 16c, consensus 13c

Reports Q4 revenue $86.63M , consensus $82.55M. Reports Q4 adjusted EBITDA was $31.9 million, compared to $28.2 million in the fourth quarter of 2021, representing growth of 13% over the fourth quarter of 2021."We enter 2023 following a strong second half of 2022 and are well positioned to execute on our full year 2023 revenue and profitability guidance given strong business momentum and bookings growth on a trailing twelve-month basis. We are focused on our long-term growth objectives and finished 2022 with a strong balance sheet," said Andrew Schemick, chief financial officer. Total revenue for the fourth quarter of 2022 was $86.6 million, representing growth of 15% over the fourth quarter of 2021. The overall increase in revenue was primarily due to growth in our technology-driven services and software product offerings from strong renewal rates, client expansion, and new customers as well as business acquisitions. The increase was partially offset by the negative impact on our revenues from fluctuations foreign currency exchange rates.