Definitive Healthcare Q3 revenue falls; withholds guidance
DH•Definitive Healthcare’s third-quarter revenue fell 9% year over year to $54.65 million, slightly above the $54.59 million analyst estimate. The company reported a $5.41 million net loss and will not provide financial guidance because of a pending acquisition proposal.
1. Quarterly results
Third-quarter revenue fell 9% year over year to $54.65 million, slightly beating the $54.59 million analyst consensus. Net loss narrowed from a year earlier to $5.41 million, while adjusted net income declined compared with the prior year.
2. Guidance withheld
The company said it will not provide financial guidance due to a pending acquisition proposal. It cited differentiated claims and reference data, along with integrations and data delivery methods, as factors in customer wins, upsells and renewals.
