NASDAQ$DH

Definitive Healthcare Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Revenue increased, driven by enterprise client base growth and strategic product releases.

Definitive Healthcare reported strong second-quarter results with a 37% year-over-year revenue increase to $54.5 million. The company also demonstrated the leverage of its business model with adjusted EBITDA.

  • Revenue was $54.5 million, an increase of 37% from Q2 2021.
  • Net loss was ($9.6) million, compared to ($15.0) million in Q2 2021.
  • Adjusted EBITDA was $16.3 million, or 30% of revenue, compared to $14.4 million, or 36% of revenue in Q2 2021.
  • Unlevered free cash flow was $19.1 million, or 35% of revenue.

Headline financials

Total Revenue

$54.5M

Previous: $39.8M+37.0%
EPS (adj)

$0.06

Previous: -$0.17+134.9%
Adjusted EBITDA Margin

30.0%

Previous: 36.0%-16.7%
Capital Expenditures

$783K

No prior period
Free Cash Flow

-$5.15M

No prior period
Net Income

-$5.15M

Previous: -$15M+65.8%
Operating Income

-$11.2M

Previous: -$6.62M-69.3%
Gross Profit

$42.8M

Previous: $30M+42.8%
Cash & Equivalents

$228M

No prior period
Total Assets

$2.12B

No prior period
Stock-Based Comp

$9.01M

No prior period

Revenue & EPS history

Definitive Healthcare · Revenue · Quarterly

$54.5M

Q2 2022+37%vs Q2 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

The Company is issuing the following financial guidance based on information as of August 4, 2022.

Tailwinds

  • Third Quarter 2022 Revenue is expected to be in the range of $56.0 – $57.0 million, a 31% increase year over year.
  • Third Quarter 2022 Adjusted Operating Income is expected to be in the range of $14.5– $15.5 million.
  • Third Quarter 2022 Adjusted EBITDA is expected to be in the range of $15.5– $16.5 million.
  • Third Quarter 2022 Adjusted Net Income is expected to be $6.5 – $7.5 million.
  • Third Quarter 2022 Adjusted Net Income Per Diluted Share is expected to be $0.03 – $0.05 on approximately 155.4 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 Q2 2022

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro