Why Certara Shares Are Plunging Today

Certara Inc's CERT Q4 FY21 sales increased 17% to $75.3 million, missing the consensus of $83.26 million.
The increase was driven by $6.1 million in revenue from Pinnacle 21, acquired in Q4 f 2021, and $4.6 million in growth from software licenses and subscriptions and technology-driven services.
"2021 was a milestone year for Certara as we completed our first full year as a public company. The Certara team released ten new software products and product updates and made excellent progress on integrating Pinnacle 21," said William F. Feehery, chief executive officer.
Adjusted EBITDA increased 27% to $28.2 million.
Certara reported an adjusted EPS of $0.01 compared to $0.07 a year ago, missing the consensus of $0.08.
Guidance: Certara is revising its FY22 sales guidance to $350 million - $360 million, compared to the earlier top end of $370 million. Analyst's estimate is $362.1 million.
The Company expects adjusted EBITDA of $127 million - $131 million, compared to the earlier top end of $135 million.
It forecasts adjusted EPS of $0.48 - $0.53, versus the consensus of $0.48.
Price Action: CERT shares are trading 16.8% lower at $20.51 premarket on the last check Wednesday.

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