Jul 31, 2020

Phreesia Q2 2021 Earnings Report

Phreesia's revenue increased by 14% compared to the same period in the prior year, with an average of 1,668 provider clients.

Key Takeaways

Phreesia announced its fiscal second quarter 2021 results, reporting a revenue increase of 14% year-over-year. The company's average number of provider clients also increased by 7%, and adjusted EBITDA was positive at $1.2 million.

Revenue was $35.0 million, up 14% year-over-year.

Average number of provider clients was 1,668, a 7% increase year-over-year.

Average revenue per provider client was $17,360, a 5% increase year-over-year.

Adjusted EBITDA was positive $1.2 million, compared to $0.7 million in the same period last year.

Total Revenue
$35M
Previous year: $30.8M
+13.6%
EPS
-$0.08
Previous year: -$1.1
-92.7%
Revenue per Provider Client
$17.4K
Previous year: $16.5K
+5.4%
Gross Profit
$23M
Cash and Equivalents
$84.2M
Free Cash Flow
-$5.17M
Total Assets
$160M

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income