$Certara (CERT.US)$Listed in 2020, the revenue grew rapidly ...
$Certara (CERT.US)$Listed in 2020, the revenue grew rapidly in the three years after the listing, with an average growth rate of 17%. The operating profit turned around in 2021, and in 2022 it increased by 1.4 times to reach 0.033 billion. The net income did not turn around until 2022, reaching 0.015 billion due to interest expenses.
Revenue in the first half of 2023 increased by 10%, operating profit doubled to 0.02 billion, pre-tax profit increased by 66%, and net income increased by 2.7 times to 6.06 million due to the impact of income tax refunds.
The balance sheet shows that goodwill increased from 0.92 billion in 2021 to 1.22 billion, reaching 80% of total assets and 1.2 times of net assets, which may lead to significant impairment burden in the future.
The current P/E ratio is 157, and the TTM P/E ratio is 117.5, more profit data support is needed.
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