Certara Unveils $100 Million Buyback Plan In Better-Than-Expected Preliminary Earnings Report

Certara, Inc. (NASDAQ:CERT) on Monday announced expected revenue and bookings for the first quarter.

Here’s what the company expects:

Revenue of $106 million, compared to $96.7 million in the first quarter of 2024, representing growth of 10% versus consensus of $104.42 million.

Software revenue of $46.4 million, up 18%, and services revenue of $59.6 million, up 4%.

Interim Q1 bookings of $118 million, up 12%, include software bookings of $40.6 million and services bookings of $77.4 million.

Preliminary revenue and bookings include Chemaxon revenue of $5.9 million and bookings of $4.9 million.

The company expects an adjusted EBITDA of around $33-$35 million,

https://www.benzinga.com/25/04/44798103/certara-reports-better-than-expected-preliminary-q1-sales-unveils-100-million-buyback-plan