24/7 Market News Snapshot 15 January, 2025 – Certara, Inc. Common Stock (NASDAQ:CERT)

January 15, 2025

DENVER, Colo., 15 January, 2025 (247marketnews.com) – (NASDAQ:CERT) are discussed in this article.
Certara, Inc. (CERT) has experienced a notable surge in its stock performance, opening at $11.28 and climbing to $12.06, representing an approximate increase of 12.29%. This robust movement follows a previous close of $10.74, underlining strong bullish sentiment among investors. Trading volume has reached 1.77 million shares, indicating heightened market engagement, while relative volume suggests that the stock is outperforming its average daily trading activity. Continued observation of key support and resistance levels will be critical as trading progresses through the day.

In parallel, Certara has released preliminary financial results for the fourth quarter and full year of fiscal year 2024, revealing a total revenue of $384.4 million for the year, an 8% increase from the $354.3 million reported in 2023. The fourth quarter alone contributed $99.7 million in revenue, marking a 13% rise compared to the previous year. This growth is largely attributed to software revenue, which surged by 24% to $41.6 million, alongside a 7% increase in services revenue.

Bookings during the fourth quarter reached $144.5 million, reflecting a robust 22% increase year-over-year, with software bookings climbing 38%. The recent acquisition of Chemaxon has further bolstered Certara’s growth potential, contributing $5.9 million in revenue with bookings of $11 million in the quarter.

Looking forward, Certara projects adjusted EBITDA for fiscal year 2024 to be within the previously stated range of $120 million to $124 million, demonstrating the company’s focus on sustained profitability. As Certara prepares for its presentation at the 43rd Annual J.P. Morgan Healthcare Conference, it reaffirms its commitment to driving innovation in the biopharmaceutical sector and enhancing the drug development pipeline globally.

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