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Certara (CERT)

Certara optimizes R&D productivity, commercial value and patient outcomes through its unique portfolio of model-informed drug development, regulatory science, and market access solutions. In fact, 90+% of all novel drugs approved by the US FDA in the past six years were supported by Certara software or services. Its clients include 1,600 global biopharmaceutical companies, leading academic institutions, and key regulatory agencies across 60 countries.

Company profile

Ticker
CERT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Analytica LA-SER International, Inc. • Certara Canada Corporation • Certara Germany GmbH • Certara Holdco, Inc. • Certara G.K. • Certara, L.P. • Certara Netherlands B.V. • Certara S.a.r.l. • Certara UK Limited • Certara USA, Inc. ...

CERT stock data

Calendar

8 Aug 22
24 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 198.25M 198.25M 198.25M 198.25M 198.25M 198.25M
Cash burn (monthly) (no burn) 5.95M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 16.82M n/a n/a n/a n/a
Cash remaining n/a 181.43M n/a n/a n/a n/a
Runway (months of cash) n/a 30.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Aug 22 Stephen M. McLean Common Stock Buy Acquire P No No 16.32 20,000 326.4K 42,000
17 Aug 22 Michael Andrew Schemick Common Stock Buy Acquire P No No 16.64 25,000 416K 517,870
16 Aug 22 EQT Avatar Parent Common Stock Sell Dispose S Yes No 17.38 6,004,418 104.36M 29,954,521
16 Aug 22 Slaine Mason P Common Stock Sell Dispose S No No 17.38 182,475 3.17M 910,322
13F holders Current Prev Q Change
Total holders 164 166 -1.2%
Opened positions 22 31 -29.0%
Closed positions 24 28 -14.3%
Increased positions 65 75 -13.3%
Reduced positions 56 41 +36.6%
13F shares Current Prev Q Change
Total value 3.13B 2.33B +34.2%
Total shares 176.57M 138.49M +27.5%
Total puts 0 0
Total calls 55.1K 9.7K +468.0%
Total put/call ratio
Largest owners Shares Value Change
EQT Avatar Parent 37.46M $0 0.0%
Fund Management S.a r.l. EQT 35.96M $771.68M NEW
Baillie Gifford & Co 11.19M $240.16M -2.1%
Vanguard 10.03M $215.16M +2.2%
Mubadala Investment Co PJSC 9.62M $253.08M 0.0%
Arsenal Capital 6.39M $231.24M 0.0%
BLK Blackrock 6.39M $137.15M -2.3%
William Blair Investment Management 5.38M $115.35M -2.9%
JPM JPMorgan Chase & Co. 4.06M $87.13M +3.8%
Riverbridge Partners 4.04M $86.69M -10.3%
Largest transactions Shares Bought/sold Change
Fund Management S.a r.l. EQT 35.96M +35.96M NEW
Granite Investment Partners 882.78K +882.78K NEW
Alkeon Capital Management 2.66M -865.42K -24.6%
Massachusetts Financial Services 2.06M -702.17K -25.4%
ArrowMark Colorado 3.61M +698.78K +24.0%
Riverbridge Partners 4.04M -466.25K -10.3%
Glenmede Trust Co Na 430.76K +430.76K NEW
Summit Creek Advisors 612.58K +370.34K +152.9%
NTRS Northern Trust 1.01M +343.85K +51.9%
TimesSquare Capital Management 598.01K +285.5K +91.4%

Financial report summary

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Competition
Simulations PlusEvotec SE
Management Discussion
  • We have included the results of operations of acquired companies in our consolidated results of operations from the date of their respective acquisitions, which impacts the comparability of our results of operations when comparing results for the three and six months ended June 30, 2022 to the three and six months ended June 30, 2021.
  • Revenues increased $12.7 million, or 18%, to $82.8 million for the three months ended June 30, 2022 as compared to the same period in 2021. Excluding $7.0 million revenue from Pinnacle, which was acquired in late 2021, the revenues increased $5.7 million, or 8%. The overall  increase in revenues 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 acquisition. The increase was partially offset by the negative impact on our revenue from fluctuation of the foreign currency exchange rates.
  • Software revenues increased $8.6 million, or 43%, to $28.7 million for the three months ended June 30, 2022 as compared to the same period in 2021. Excluding $6.5 million revenue from Pinnacle, the revenues from software increased $2.1 million, or 11%. The overall growth is primarily attributable to maintaining high net revenue retention rates and renewal rates for our core software products, growth from acquisitions and new customers. The increase was partially offset by the negative impact on our revenue from fluctuation of the foreign currency exchange rates.

Content analysis

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Readability
H.S. sophomore Avg
New words: commensurate, deferral, exclusively, fluctuation, furniture, gain, grew, inflation, involved, long, macroeconomic, post, remeasurement, sacrifice, straight, volatility
Removed: albeit, Avatar, certificate, elapsed, immaterial, methodology, modified, occurring, parent, predicted, preliminary, ROU, shift, SOX, sufficiently, Topco