Certara Reports Preliminary Fourth Quarter and Full Year 2024 Financial Results

Core Insights - Certara, Inc. reported a full-year revenue of $384.4 million and bookings of$445.3 million for fiscal year 2024, indicating growth compared to the previous year [1][8] - The company confirmed its adjusted EBITDA guidance for the full year of 2024 to be between $120 million and$124 million [4][1] Financial Performance - For the fourth quarter of 2024, Certara's revenue was $99.7 million, a 13$88.0 million in Q4 2023 [8] - Software revenue in Q4 2024 reached $41.6 million, up 24$33.6 million in Q4 2023 [8] - Services revenue for Q4 2024 was $58.1 million, reflecting a 7$54.4 million in Q4 2023 [8] - Bookings for Q4 2024 totaled $144.5 million, a 22$118.9 million in Q4 2023 [8] - Software bookings in Q4 2024 were $59.7 million, representing a 38$43.3 million in Q4 2023 [8] - Services bookings for Q4 2024 amounted to $84.9 million, a 12$75.6 million in Q4 2023 [8] Year-over-Year Comparison - Full-year revenue for 2024 was $384.4 million, compared to$354.3 million in 2023, marking an 8% growth [8] - Software revenue for the full year was $155.0 million, up 18$131.7 million in 2023 [8] - Services revenue for the full year reached $229.4 million, a slight increase of 3$222.7 million in 2023 [8] - Total bookings for the full year were $445.3 million, an 11$402.3 million in 2023 [8] - Software bookings for the full year were $169.4 million, reflecting a 24$136.9 million in 2023 [8] - Services bookings for the full year were $275.9 million, a 4$265.4 million in 2023 [8] Acquisition Impact - The preliminary results for Q4 2024 include revenue from Chemaxon of $5.9 million and bookings of$11.0 million, following the acquisition completed on October 1, 2024 [8]