Loading...
•
Feb 28, 2023
Accolade Q4 2023 Earnings Report
Accolade's Q4 2023 financial results were announced, revealing a 6% increase in revenue compared to Q4 2022.
Key Takeaways
Accolade reported a 6% increase in revenue for the fiscal fourth quarter 2023, reaching $99.0 million, compared to $93.8 million in the fiscal fourth quarter 2022. The company's net loss was $(30.4) million. Accolade delivered against its financial objectives, highlighted by more than 30% growth in new ARR bookings and similarly strong growth driven by their virtual primary care offering.
Fiscal fourth quarter 2023 revenue reached $99.0 million, a 6% increase compared to fiscal fourth quarter 2022 revenue of $93.8 million.
Fiscal year 2023 revenue was $363.1 million, a 17% increase compared to fiscal 2022 revenue of $310.0 million.
Accolade serves more than 800 customers covering more than 12 million lives.
Adjusted EBITDA improved, bringing the company closer to achieving positive cash flow.
Accolade
Accolade
Forward Guidance
Accolade provides forward-looking guidance on revenue and Adjusted EBITDA, a non-GAAP financial measure.