NASDAQ$DH

Definitive Healthcare Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results with revenue exceeding guidance and adjusted EBITDA at the top end of the range.

Definitive Healthcare reported a strong Q3 2022 with revenue increasing by 33% year-over-year to $57.4 million. The company's adjusted EBITDA was $16.4 million, representing 29% of revenue, and they experienced key customer wins and product innovations.

  • Revenue was $57.4 million, a 33% increase from Q3 2021.
  • Net loss was ($6.4) million, or 11% of revenue.
  • Adjusted Net Income was $8.9 million, compared to $2.2 million in Q3 2021.
  • Adjusted EBITDA was $16.4 million, or 29% of revenue.

Headline financials

Total Revenue

$57.4M

Previous: $43.1M+33.2%
EPS (adj)

$0.06

Previous: $0.01+500.0%
Cash Flow from Operations

$10.7M

No prior period
Capital Expenditures

$1.88M

No prior period
Free Cash Flow

-$2.69M

Previous: -$7.98M+66.3%
Net Income

-$2.69M

Previous: -$7.98M+66.3%
Operating Income

-$9.43M

Previous: -$4.03M-134.3%
Gross Profit

$47.7M

Previous: $32.6M+46.2%
Cash & Equivalents

$229M

Previous: $190M+20.6%
Total Assets

$2.12B

Previous: $1.87B+13.4%
Stock-Based Comp

$9.13M

Previous: $2.32M+294.2%

Revenue & EPS history

Definitive Healthcare · Revenue · Quarterly

$57.4M

Q3 2022+33.2%vs Q3 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

The Company is issuing financial guidance for Q4 2022 and full year 2022.

Tailwinds

  • Revenue is expected to be in the range of $58–59 million, a median 26% increase year over year.
  • Adjusted Operating Income is expected to be in the range of $15 – 16 million.
  • Adjusted EBITDA is expected to be in the range of $16–17 million.
  • Adjusted Net Income is expected to be $6–7 million.
  • Adjusted Net Income Per Diluted Share is expected to be $0.03–0.04 on approximately 156.5 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 Q3 2022

Historical avgQ3 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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