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Aug 31, 2023
Accolade Q2 2024 Earnings Report
Accolade exceeded top and bottom line guidance.
Key Takeaways
Accolade announced strong financial results for the fiscal second quarter ended August 31, 2023, with revenue of $96.9 million and a net loss of $32.8 million. The company's customer base now exceeds 1,000, and cost reduction measures are expected to be fully realized in the second half of the year.
Accolade's solutions demand environment remains strong.
Accolade continues to build a lasting, scalable business.
Accolade's customer base now totals more than 1,000.
Cost reduction measures are expected to be fully realized in the second half of the year.
Accolade
Accolade
Forward Guidance
For the fiscal third quarter ending November 30, 2023, Accolade expects revenue between $95 million and $97 million and Adjusted EBITDA between $(5) million and $(8) million.
Positive Outlook
- Revenue between $95 million and $97 million
- Adjusted EBITDA between $(5) million and $(8) million