Definitive Healthcare Corp. Class A ( (DH) ) has released its Q4 earnings. Here is a breakdown of the information Definitive Healthcare Corp. Class A presented to its investors.
Definitive Healthcare Corp., a leader in healthcare commercial intelligence, provides data-driven insights to healthcare organizations, enabling them to identify market opportunities and improve operational efficiency.
In its latest earnings report, Definitive Healthcare announced that its revenue for the fourth quarter and full fiscal year 2024 exceeded guidance, despite a challenging commercial environment. The company reported a fourth-quarter revenue of $62.3 million, a decrease from the previous year, but full-year revenue showed a slight increase to $252.2 million.
Key financial metrics revealed a net loss of $84.7 million in the fourth quarter, largely due to goodwill impairment charges, while adjusted net income improved to $12.6 million. For the full year, the company experienced a significant net loss of $591.4 million, again impacted by impairment charges, but adjusted net income rose to $55.1 million. Cash flow from operations increased by 41% year-over-year, indicating strong operational performance.
Looking ahead, Definitive Healthcare is optimistic about continuing its growth trajectory into 2025, with expectations of securing new business and expanding relationships with existing clients. The company also announced a leadership transition, with Casey Heller set to become the new Chief Financial Officer in June 2025.
Overall, Definitive Healthcare remains focused on leveraging its healthcare commercial intelligence solutions to drive growth and enhance value for its clients, despite the financial challenges posed by impairment charges.
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