Accolade Q4 2022 Earnings Report
Key Takeaways
Accolade reported a strong Q4 with revenue reaching $93.8 million, a 58% increase year-over-year. The company's net loss was $(34.6) million. Despite a strong pipeline, Accolade is moderating top-line growth objectives due to a large customer ending their service relationship and broader macro-environment concerns.
Q4 revenue reached $93.8 million, up 58% from Q4 2021.
FY2022 revenue was $310.0 million, an 82% increase year-over-year.
The pipeline for new business is stronger than it has ever been.
A large customer notified Accolade that they would be ending their service relationship after the end of calendar 2022.
Accolade
Accolade
Forward Guidance
Accolade provides forward-looking guidance on revenue and Adjusted EBITDA. For the fiscal first quarter ending May 31, 2022, the company expects revenue between $81 million and $83 million and Adjusted EBITDA between $(20) million and $(22) million. For the fiscal year ending February 28, 2023, the company expects revenue between $350 million and $365 million and Adjusted EBITDA between $(35) million and $(40) million.