Certara Second Quarter 2023 Earnings: Revenues Disappoint
Certara (NASDAQ:CERT) Second Quarter 2023 Results
Key Financial Results
Revenue: US$90.5m (up 9.3% from 2Q 2022).
Net income: US$4.71m (up from US$589.0k loss in 2Q 2022).
Profit margin: 5.2% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue.
EPS: US$0.03 (up from US$0.004 loss in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Certara Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Healthcare Services industry in the US.
Performance of the American Healthcare Services industry.
The company's shares are down 10% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Certara's balance sheet and an in-depth analysis of the company's financial position.
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