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Certara (CERT) investor relations material
Certara Stephens Annual Investment Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Demand environment and customer trends
Tier 3 biotech customers showed strong double-digit growth in biosimulation services, offsetting some weakness from Tier 1 large pharma clients experiencing delays and slower decision-making, especially in regulatory and biosim services.
Weakness in Tier 1 persisted into Q4, but close rates improved in late November.
Q4 is expected to be strong, with sequential booking increases, though seasonality may be less pronounced due to Tier 1 slowness.
Software vs. services performance
Software revenues remained stable with high renewal rates and less volatility, while services bookings were more volatile and sensitive to market sentiment.
Services revenue conversion lags bookings by a couple of quarters, with market conditions driving volatility.
The sales pipeline is strong, and backlog conversion to revenue has been a bright spot, even as pipeline-to-bookings conversion is under watch.
Regulatory and market environment
Regulatory uncertainty at the FDA led to fewer drug approvals and slowness, impacting regulatory and biosim services.
FDA's directive to move away from animal testing (NAMs) provided a tailwind, benefiting modeling and simulation offerings.
Further FDA guidance on NAMs is anticipated to drive higher growth, especially for Simcyp and QSP businesses.
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- PRU
Double-digit earnings growth and strong capital returns offset Japan sales suspension impact. - FTV
2025 results beat guidance, with strong EPS growth and $1.6B in share repurchases. - BEN
All proposals passed, with strong financial growth and strategic progress in alternatives and ETFs. - APAM
AUM hit $180B in 2025, with strong credit/alternatives growth and higher dividends. - OXBR
Tokenized reinsurance contracts on Solana open Florida’s high-return market to global investors. - KMT
Q2 sales and earnings surged, driving raised full-year guidance and strong segment growth. - RNR
Net income hit $2.65B in 2025, with 30.8% book value growth despite major loss events. - WNC
Q4 2025 revenue was $321.5M with losses, but Parts & Services grew 32.6% year-over-year. - AGI
Path to 1M oz gold by 2029, with lower costs, strong cash flow, and major expansions advancing. - NAZARA
Nodwin's acquisition of Freaks 4U Gaming targets global growth, margin expansion, and profitability.
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