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May 31, 2020
Accolade Q1 2021 Earnings Report
Accolade's first quarter 2021 earnings were announced, showcasing a 25% revenue increase driven by new customer additions.
Key Takeaways
Accolade reported a 25% increase in revenue for the fiscal first quarter 2021, reaching $35.9 million, driven by new customer acquisitions across segments and offerings. The company launched a pilot program with the Defense Health Agency, marking its entry into the federal government sector.
Fiscal first quarter 2021 revenue reached $35.9 million, a 25% increase compared to the previous year's $28.8 million.
Revenue growth was primarily driven by strength in new customer additions across segments and offerings.
A pilot program was launched with the Defense Health Agency, marking Accolade's first customer in the federal government sector.
Accolade provided revenue guidance for the second fiscal quarter and the full fiscal year 2021.
Forward Guidance
Accolade provides forward-looking guidance on Revenue and Adjusted EBITDA.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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