Definitive Healthcare Q1 revenue $50.1M (+36% YoY); CEO transition to Musslewhite in August

Definitive Healthcare Corp.

Revenue $50.1M, +36% YoY; net loss ($13.1M) widened from ($10.5M); adjusted net income $7.7M (vs $2.6M).
Adjusted EBITDA $14.0M (28% of revenue) vs $14.1M (38%) in Q1 2021; cash from ops $13.6M.
Q2 2022 guidance: revenue $53-54M (+34%); full year revenue $220.5-224.5M (+33-35%).
Robert Musslewhite (President) appointed CEO effective Aug 1, 2022; founder Jason Krantz becomes Executive Chairman.
Musslewhite receives annual base salary $429k, RSU grants, and change-in-control benefits; Krantz retains reduced salary and equity.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Robert Musslewhite

Chief Executive Officer

DH · Definitive Healthcare Corp.

Effective: 2022-08-01
Filed: May 5, 2022, 7:59 PM ET

On May 5, 2022, the Company announced that on May 3, 2022 its Board of Directors (the “Board”) appointed Robert Musslewhite, the Company’s current President, to the position of Chief Executive Officer (“CEO”), effective August 1, 2022.

Role change

Jason Krantz

Executive Chairman

DH · Definitive Healthcare Corp.

Effective: 2022-08-01
Successor: Robert Musslewhite
Filed: May 5, 2022, 7:59 PM ET

Effective on August 1, 2022, Jason Krantz, the Company’s founder, Chairman of the Board and current CEO will step down from his role as CEO, and become Executive Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Musslewhite was appointed as Chief Executive Officer at Definitive Healthcare Corp..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 5, 2022, the Company announced that on May 3, 2022 its Board of Directors (the “Board”) appointed Robert Musslewhite, the Company’s current President, to the position of Chief Executive Officer (“CEO”), effective August 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Krantz changed role as Executive Chairman at Definitive Healthcare Corp..

Action: stepped down as CEO and became
Role: Executive Chairman

Exact text from the filing

Effective on August 1, 2022, Jason Krantz, the Company’s founder, Chairman of the Board and current CEO will step down from his role as CEO, and become Executive Chairman of the Board.

View on SEC.gov

Definitive Healthcare Corp. filing history →

Source: SEC EDGAR

accession 0001193125-22-142304

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