CRO Backlog
The dollar value of contracted work a contract research organization (CRO) or life-science tools company has signed but not yet performed -- future revenue already booked, usually reported in billions of dollars. For a CRO that runs clinical trials for drugmakers, backlog is the visibility into coming years of revenue, and its growth is a leading indicator of the top line long before it shows up as sales. A large and growing backlog signals demand for outsourced research; a shrinking one, or a backlog growing slower than revenue is being burned, warns that future growth may slow. Read it together with book-to-bill, which shows whether the backlog is being replenished faster than it is worked off.
Related terms
Accounts Payable · Adjusted EBITDA · Adjusted EBITDA Ex-SBC · ADR · ARPU · Average Length Of Stay
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