Strong Revenue Growth
Certara finished 2024 with revenue of $385.1 million, representing 9% reported growth versus 2023.
Software Bookings Growth
Fourth quarter software bookings reached $59.7 million, which increased 38% from the prior year period.
Successful Acquisitions
The integration of Chemaxon, Formedix, and Applied Biomass contributed positively, with Chemaxon generating $6.6 million revenue in Q4.
Expansion of Customer Base
Certara expanded its customer base to over 2,400 life sciences companies, with 431 customers having annual contract values exceeding $100,000.
Adjusted EBITDA Increase
Adjusted EBITDA in Q4 2024 was $33.5 million, up from $29.6 million in Q4 2023, maintaining a margin of 33%.