Workflow
Definitive Healthcare Reports Financial Results for First Quarter Fiscal Year 2025
DHDefinitive Healthcare (DH) GlobeNewswire·2025-05-08 20:05

Core Insights - Definitive Healthcare Corp. reported first quarter results exceeding guidance for both revenue and earnings, driven by strong new customer acquisition and operational efficiency [3][4][6] - The company anticipates revenue for the second quarter of 2025 to be between 58.5millionand58.5 million and 60.0 million, with adjusted operating income expected to be between 12.0millionand12.0 million and 13.0 million [7][8] - For the full year 2025, revenue is projected to be in the range of 234.0millionto234.0 million to 240.0 million, with adjusted net income expected to be between 30.0millionand30.0 million and 34.0 million [13] Financial Performance - Revenue for Q1 2025 was 59.2million,adecreaseof759.2 million, a decrease of 7% from 63.5 million in Q1 2024 [6] - The net loss for the quarter was (155.1)million,or(262)(155.1) million, or (262)% of revenue, compared to (12.7) million or (20)% of revenue in Q1 2024 [6] - Adjusted net income was 7.0million,downfrom7.0 million, down from 13.0 million in Q1 2024, while adjusted EBITDA was 14.7million,or2514.7 million, or 25% of revenue, compared to 20.0 million, or 32% of revenue in Q1 2024 [6][31] Customer Acquisition and Business Development - The company secured several new customer wins in Q1 2025, including a California-based medical device company and a regional health system in the Southern US, highlighting the effectiveness of its data and insights [7] - Definitive Healthcare is expanding its focus on digital marketing activation partnerships, having signed two leading healthcare advertising agencies [7] Cash Flow and Operational Efficiency - Cash flow from operations was 26.1millioninthequarter,withunleveredfreecashflowat26.1 million in the quarter, with unlevered free cash flow at 22.9 million [6] - The company continues to focus on operational efficiency despite rising macroeconomic uncertainty, maintaining a positive outlook for meeting full-year financial targets [3][4]