Loading...
•
Dec 31, 2024
Definitive Healthcare Q4 2024 Earnings Report
Definitive Healthcare reported financial results for the fourth quarter and full fiscal year 2024, with revenue exceeding guidance.
Key Takeaways
Definitive Healthcare reported Q4 2024 revenue of $62.3 million, a 6% decrease from Q4 2023. The company experienced a net loss of $(84.7) million, significantly impacted by goodwill impairment charges of $97.1 million. Despite the net loss, adjusted net income increased to $12.6 million and adjusted EBITDA was $17.5 million, representing 28% of revenue.
Q4 2024 revenue was $62.3 million, a 6% decrease year-over-year.
Net loss for Q4 2024 was $(84.7) million, primarily due to $97.1 million in goodwill impairment charges.
Adjusted Net Income for Q4 2024 increased to $12.6 million from $10.6 million in Q4 2023.
Adjusted EBITDA for Q4 2024 was $17.5 million, representing 28% of revenue.
Forward Guidance
For the first quarter of 2025, Definitive Healthcare expects revenue between $55.5 million and $57.0 million, adjusted operating income between $7.5 million and $8.5 million, and adjusted EBITDA between $10.5 million and $11.5 million. For the full year 2025, revenue is projected to be between $230.0 million and $240.0 million, with adjusted EBITDA between $61.0 million and $65.0 million.
Positive Outlook
- Q1 2025 Revenue expected to be between $55.5 million and $57.0 million.
- Q1 2025 Adjusted Operating Income expected to be between $7.5 million and $8.5 million.
- Q1 2025 Adjusted EBITDA expected to be between $10.5 million and $11.5 million, with a 19-20% margin.
- FY 2025 Revenue expected to be between $230.0 million and $240.0 million.
- FY 2025 Adjusted EBITDA expected to be between $61.0 million and $65.0 million, with a 26-28% margin.
Challenges Ahead
- The company does not provide a quantitative reconciliation of forward-looking non-GAAP measures to GAAP due to high variability.
- Excluded items from non-GAAP measures, such as equity-based compensation and transaction expenses, may have a significant impact on future GAAP results.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...