Certara Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
CERT$12.13-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
| YEAR ENDED DECEMBER 31, | |||
|---|---|---|---|
| (IN THOUSANDS, EXCEPT PER SHARE AND SHARE DATA) | 2023 | 2022 | 2021 |
| Revenues | $354,337 | $335,644 | $286,104 |
| Cost of revenues | 141,022 | 132,577 | 111,616 |
| Operating expenses: | |||
| Sales and marketing | 32,022 | 27,408 | 20,141 |
| Research and development | 34,173 | 28,205 | 20,379 |
| General and administrative | 95,385 | 71,773 | 79,539 |
| Intangible asset amortization | 43,973 | 41,429 | 38,715 |
| Depreciation and amortization expense | 1,552 | 1,731 | 2,135 |
| Goodwill impairment expense | 46,984 | — | — |
| Total operating expenses | 254,089 | 170,546 | 160,909 |
| Income (loss) from operations | (40,774) | 32,521 | 13,579 |
| Other expenses: | |||
| Interest expense | (22,916) | (17,773) | (16,837) |
| Net other income (expense) | 8,547 | 4,007 | (117) |
| Total other expenses | (14,369) | (13,766) | (16,954) |
| Income (loss) before income taxes | (55,143) | 18,755 | (3,375) |
| Provision for income taxes | 214 | 4,024 | 9,891 |
| Net income (loss) | (55,357) | 14,731 | (13,266) |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustment, net of tax of $(717), $(916), $195 | 2,696 | (10,490) | (5,154) |
| Change in fair value of interest rate swap, net of tax of $1,393, 2,056, $(16) | (2,059) | 6,186 | 547 |
| Reclassification of fair value of interest rate swap, net of tax of $0, $0, $(765) | — | — | 2,268 |
| Total other comprehensive income (loss) | 637 | (4,304) | (2,339) |
| Comprehensive income (loss) | $(54,720) | $10,427 | $(15,605) |
| Net income (loss) per share attributable to common stockholders: | |||
| Basic | $(0.35) | $0.09 | $(0.09) |
| Diluted | $(0.35) | $0.09 | $(0.09) |
| Weighted average common shares outstanding: | |||
| Basic | 158,936,251 | 156,876,942 | 149,842,668 |
| Diluted | 158,936,251 | 159,354,394 | 149,842,668 |
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