Thank everyone. Hello, you, William.
like Before of the Pinnacle I'd into touch acquisition the to quarter, financial XX. of highlights getting our on third
a is integration Certara, transaction metrics. we are excited strong team, to fit earlier, to work cultural accretive smooth a XX and stated our expected the to Pinnacle Pinnacle William and with be start. financial XX key As the is off immediately financial the is with and to
currently are XXXX we of XX discussed, previously range forecasting purchase in be to accounting of million, $XX $XX As adjustments. exclusive million the revenue Pinnacle to
quarter. are to a the in million, $X revenue revenue be point, accounting out expected in adjustment $XX will To have XXXX in adjustments. impact of pro software purchase an $X approximately throughout valuation to fourth year revenue of forecasting the We of expected currently purchase the $XX of is the XXXX. related $X quarter to quarter adjustment accounting that revenue fourth in deferred revenue we deferred the million fourth of reported forma Pinnacle's full million of the and exclusive million The million to range of
in Pinnacle look also calendar higher and than average corporate adjusted of expect XXXX. XX the the them to margins modestly the Certara fourth quarter expand have in We XXXX EBITDA year for acquisition to
guidance XXXX, the was quarter, $XXX.X Total XX% XX% X base same and recent ended to trends to up months pipeline our to XX% of fourth well versus a October months results, position $XX.X Year-to-date the first XX, trailing trailing on basis. slow X up months the period the XX-month The quarter million, After XX%. for during us in bookings high bookings growth results. up representing achieve was year-over-year of general were the environment bookings for Now were for but visibility. the year-over-year business revenue Certara million, year. XX maintain last September the
long-term growth. I XX on this XX a metric, as is revenue And in our of predictor forward months with line mid-teens to continue trailing organic reminder, As bookings. look of months a at delivering forecast Certara bookings
prior $XX.X X% the new revenue expansions million, over renewals. logos a quarter third Software of which result period as strong on was bookings, and year increased
the $XX.X primarily was in XX% and year the XX%. software were the rate bookings revenue renewal growth in by quarter over rate million, Services biosimulation and year-to-date. bookings target, as was well year growth XX% software, services grew period. was was regulatory aggregate prior which revenue million, increased prior from $XX.X from to biosimulation Year-to-date, delayed our The XX% tech-driven the our were due was in Simcyp of offerings. strong period. Software increased and retime are Services recognition as renewals. growth period driven by million, the year-to-date renewal aggregate which renewal bookings below Phoenix, rate and decreased $XX.X The which XX% year which up aggregate XX% XX%. the The was services driven prior the
were have recall, benefited last and first of year seen bolus QX a XX%, summer. up from October after pick start the bookings up the delayed September from of months in you are services slow during half and of If bookings COVID-XX the we pandemic. that couple during the of the Year-to-date a services of year bookings
increase third an from of and costs follows: QX tax increase repayment have $XX.X were Income and growth as to of $X.X U.S. the quarter timing. on amortization million structure. the of in benefit $X.XX expenses was third of were $X.X in of the reduction and $X.X in amortization earnings increases G&A down growth were offset growth. There quarter and million increase was in primarily from Diluted partially of the to increase third million $X.X was nondeductible XX% and to for XXXX. representing million $X holdco $X.XX costs XXXX, to was $X.X significant quarter million expenses quarter added for public tax third items, mix primarily and in discrete quarter reductions of items. expenses were loss third strong the which compared for revenue R&D Intangible stock-based compared Continuing expenses by The marketing compensation. and costs, employee-related of increase compared interest due for item. million to pipeline XXXX Sales $X.X The for is compared expense. the was was from operating costs smaller items. third operating offset for $X.X to to an in compensation, performance Also Total million, of XXXX. the $XX.X XXXX a million increase X.X% third both XXXX. million line the the tax were per expense year-over-year the higher approximately and million components R&D either $X.X million the other a was the million XXXX earnings international quarter increase which increase Adjusted company partially were $X.X effects expenses of Looking expenses. million net our asset and The stock-based reflective compared and $XX.X for income line due interest compensation million in XXXX. the quarter quarter from $X.X in XXXX, growth primarily Total increase XXXX. quarter of tax of loss is $X.X to million the contributing depreciation last the no to of costs, and in $X.X $X.X to share year-to-date due cost million due resulting third million third due expense in million, expense expense was headcount compared million headcount loan of billable for during of the EBITDA million earnings $XX.X XXXX to quarter interest in is The share quarter the in lower which were effects quarter third employee-related for in of third the P&L, of $XX.X by quarter. quarter made compared million quarter of third relative cost million changes million mostly the from to $X.X due a as were increase primarily domestic of per acquisition $X.X $XX $X.X to in of stock-based third third due and the was of XXXX are year. XXXX, million to the forward, resulting the of our XXXX, third elections headcount resulting loss, of revenue pretax compensation. $XX.X stock-based in million expenses compensation U.K. increase costs insurance for acquisition $X.X employee-related of costs the stock-based the was and to in quarter for Net million third to of $XX.X
of million XXXX was quarter third per for for the XXXX of perform We of net million earnings Adjusted to performance third Adjusted to third $XX.X $X.X upward continue of to the well XXXX. based the guidance as compared quarter plan quarter compared well of have quarter the adjustments made year-to-date $X.XX third to for was XXXX. the for diluted some and against $X.XX share impact XX. income as on the Pinnacle our
acquisition. sheet. remains the net in $XXX equivalents, million proceeds offering We $XXX.X quarter. and planned the cash balance and the balance our to effect the cash XX $XXX earlier position of which the ended the And sheet quarter cash of of balance includes moving strong million of the with was after from million Now for cash post-closing, Pinnacle acquisition. our
and the XXXX, we under borrowings million agreement. XX, of term September facility availability of million revolving As on $XXX had outstanding the credit credit loan $XXX.X the of under
secondary a Pinnacle Pinnacle million in million EBITDA million; which relating which $X million; to million shares XXXX including excludes in million adjustment per the we to $X.XX approximately million share revenue $X.XX million the $XXX EPS, Pinnacle of full includes the the revenue the Thank to sold to quarter of outlook, the $XXX 'XX. $X $X range our of approximately the in the Pinnacle million range million X.X in valuation the million adjusted deferred diluted range $XXX to year reported shares $XXX million, previously to of third $XXX to you. adjusted EBITDA EPS $XXX of increasing are share; and guidance revenue revenue, of $X adjusted million, to adjusted financial and the $XXX Regarding for offering range of including XX million, in range $XXX in X.X acquisition. adjusted from XX; impact fully XX in our GAAP
Now I'll CEO, our turn it to Feehery. back William
