NASDAQ$DH

Definitive Healthcare Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Definitive Healthcare's financial performance remained strong, marked by substantial revenue growth and strategic customer acquisitions.

Definitive Healthcare reported a 36% year-over-year increase in revenue, reaching $50.1 million for the first quarter of 2022. The company continued to grow its enterprise client base and achieved significant customer wins while also focusing on product innovation with the launch of the Passport Analytics Suite and Latitude Discovery.

  • Revenue increased by 36% year-over-year, totaling $50.1 million compared to $36.9 million in Q1 2021.
  • Net loss was ($13.1) million, representing 26% of revenue, compared to ($10.5) million, or 28% of revenue in Q1 2021.
  • Adjusted EBITDA reached $14.0 million, accounting for 28% of revenue, slightly down from $14.1 million, or 38% of revenue in Q1 2021.
  • The company ended the quarter with 447 enterprise customers, defined as those with more than $100,000 in annual recurring revenue.

Headline financials

Total Revenue

$50.1M

Previous: $36.9M+35.7%
EPS (adj)

$0.05

Previous: -$0.12+141.7%
Cash Flow from Operations

$13.6M

No prior period
Unlevered Free Cash Flow

$23.9M

No prior period
Capital Expenditures

$794K

No prior period
Free Cash Flow

-$8.62M

No prior period
Net Income

-$8.62M

Previous: -$10.5M+17.8%
Operating Income

-$11M

Previous: -$2.16M-409.0%
Gross Profit

$38.8M

Previous: $27.5M+41.1%
Cash & Equivalents

$230M

No prior period
Total Assets

$2.14B

No prior period
Stock-Based Comp

$6.87M

No prior period

Revenue & EPS history

Definitive Healthcare · Revenue · Quarterly

$50.1M

Q1 2022+35.7%vs Q1 2021
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

Definitive Healthcare provided revenue guidance for Q2 2022 to be in the range of $53.0 - $54.0 million, a 34% increase year over year. Adjusted Operating Income is expected to be in the range of $13.0 – $14.0 million.

Tailwinds

  • Revenue is expected to be in the range of $53.0 – $54.0 million, a 34% increase year over year.
  • Adjusted Operating Income is expected to be in the range of $13.0 – $14.0 million.
  • Adjusted EBITDA is expected to be in the range of $14.0 – $15.0 million.
  • Adjusted Net Income is expected to be $7.0 – $8.0 million.
  • Adjusted Net Income Per Diluted Share is expected to be $0.04 – $0.05 on approximately 154.8 million weighted-average shares outstanding.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-3.2%

Avg return

Earnings day

-5.7%

Avg return

5 days after

-5.8%

Avg return

30 days after

39%

7 / 18 earnings

Positive

+31.7%

Q1 2025

Best reaction

-34.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-2.0%-5.2%
Q4 2025-8.6%-12.9%-25.0%
Q3 2025+11.9%+2.6%-6.4%
Q1 2025+31.7%+21.4%+33.1%
Q4 2024-34.3%-43.7%-40.2%
Q3 2024-1.4%+6.3%+8.4%
Q2 2024-1.4%+5.1%+21.6%
Q1 2024-27.1%-27.5%-22.9%
Q4 2023+2.3%-4.2%-13.3%
Q3 2023+27.5%+29.5%+49.5%
Q2 2023-4.0%-6.2%-21.2%
Q1 2023+0.9%-3.7%+7.9%
Q4 2022+3.5%-1.6%-11.5%
Q3 2022-25.0%-29.7%-14.5%
Q2 2022-16.3%-18.6%-35.7%
Q1 2022-17.5%-31.3%-19.4%
Q4 2021+7.6%+13.6%+14.0%
Q3 2021-5.8%+0.2%-23.3%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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