Apr 30, 2020

Phreesia Q1 2021 Earnings Report

Phreesia's revenue increased by 18%, average provider clients grew by 5%, and average revenue per provider client increased by 7%.

Key Takeaways

Phreesia announced its fiscal first quarter 2021 results with a revenue of $33.4 million, an 18% increase compared to the same period last year. The average number of provider clients was 1,632, a 5% increase, and the average revenue per provider client was $16,735, a 7% increase. Adjusted EBITDA was positive at $1.5 million.

Revenue was $33.4 million, an 18% increase year-over-year.

Average number of provider clients was 1,632, a 5% increase year-over-year.

Average revenue per provider client was $16,735, a 7% increase year-over-year.

Adjusted EBITDA was positive $1.5 million compared to negative $0.3 million in the prior year.

Total Revenue
$33.4M
Previous year: $28.3M
+18.0%
EPS
-$0.09
Previous year: -$0.19
-52.7%
Average Provider Clients
1.63K
Previous year: 1.55K
+5.4%
Revenue per Provider Client
$16.7K
Previous year: $15.6K
+6.9%
Patient Payment Volume
$454M
Previous year: $461M
-1.5%
Cash and Equivalents
$90.3M

Phreesia

Phreesia

Phreesia Revenue by Segment

Forward Guidance

Phreesia is currently not in a position to forecast the expected impact of COVID-19 on its financial and operating results for the remainder of fiscal 2021.