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Sep 30, 2021
Definitive Healthcare Q3 2021 Earnings Report
Definitive Healthcare's revenue increased by 43% year-over-year, with a GAAP net loss of $21.0 million.
Key Takeaways
Definitive Healthcare reported a strong third quarter with a 43% increase in revenue compared to the previous year. The company's GAAP net loss was $(21.0) million, and adjusted EBITDA was $14.4 million.
Revenue was $43.1 million, a 43% increase year-over-year.
GAAP Net loss was $(21.0) million, or 49% of revenue.
Adjusted Net Income was $2.2 million.
Adjusted EBITDA was $14.4 million, or 33% of revenue.
Forward Guidance
Definitive Healthcare provided financial guidance for the fourth quarter of 2021, including revenue in the range of $44 - $45 million and adjusted EBITDA in the range of $12.5 - $13.5 million.
Positive Outlook
- Revenue is expected to be in the range of $44 – $45 million, a 32% increase year over year.
- Adjusted Operating Income is expected to be in the range of $11.5 – $12.5 million.
- Adjusted EBITDA is expected to be in the range of $12.5 – $13.5 million.
- Adjusted Net Income is expected to be $6 – $7 million.
- Adjusted Net Income Per Diluted Share is expected to be $0.04 – $0.05 on approximately 148.6 million weighted-average shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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