NYSE$PHR

Phreesia Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced fiscal year end 2020 results.

Phreesia reported a revenue of $32.8 million for the quarter, representing a 24% increase compared to the same period in the prior year. The average number of provider clients was 1,603, a 4% increase year-over-year, and the average revenue per provider client increased by 18% to $16,708. Adjusted EBITDA was $1.3 million for the quarter.

  • Revenue was $32.8 million, up 24% year-over-year.
  • Average number of provider clients was 1,603, a 4% increase year-over-year.
  • Average revenue per provider client was $16,708, up 18% year-over-year.
  • Adjusted EBITDA was $1.3 million, compared to $0.4 million in the same period of the prior year.

Headline financials

Total Revenue

$32.8M

Previous: $26.5M+23.9%
EPS (adj)

-$0.10

Previous: -$0.18+44.5%
Adjusted EBITDA

$1.33M

Previous: $364K+265.4%
Patient Payment Volume

$477M

Previous: $369M+29.3%
Capital Expenditures

$2.19M

No prior period
Free Cash Flow

-$915K

No prior period
Net Income

-$3.67M

Previous: -$5.08M+27.8%
Operating Income

-$4.67M

Previous: -$3.3M-41.6%
Gross Profit

$21.6M

Previous: $16.4M+31.7%
Cash & Equivalents

$90.3M

No prior period
Total Assets

$159M

No prior period
Stock-Based Comp

$2.35M

No prior period

Revenue & EPS history

Phreesia · Revenue · Quarterly

$32.8M

Q4 2020+23.9%vs Q4 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Phreesia · $26.8M total across 2 segments · Q4 2020

  • Subscription Services
    $15.1M
  • Payment Processing
    $11.7M

Forward guidance

The company provided an update related to the outbreak of a novel strain of Coronavirus (“COVID-19”) and its impact on the Company’s business. COVID-19 has and could continue to materially and adversely impact Phreesia’s business and results of operations. However, the rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of COVID-19. During the interim period since the filing of the 8-K, there has been no change to the information disclosed therein.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-1.6%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+21.4%

Q2 2023

Best reaction

-26.3%

Q4 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-26.3%-1.1%
Q1 2027+2.3%+13.3%
Q3 2026-22.8%-19.2%-16.0%
Q2 2026-9.8%-18.8%-25.4%
Q1 2026-6.6%-0.2%+14.2%
Q4 2025+6.9%+14.6%+1.1%
Q3 2025+11.1%+14.8%+30.8%
Q2 2025+7.9%+0.5%-6.8%
Q1 2025-13.3%-14.7%-2.9%
Q4 2024+1.7%-0.7%+1.0%
Q3 2024+17.8%+18.8%+45.2%
Q2 2024-21.2%-27.1%-39.1%
Q1 2024+3.6%+10.3%+4.0%
Q4 2023-13.5%-10.0%-5.7%
Q3 2023+18.7%+34.8%+20.0%
Q2 2023+21.4%+28.2%+4.9%
Q1 2023+11.9%+17.5%+40.1%
Q4 2022-11.9%+1.3%-23.6%
Q3 2022-20.2%-20.9%-32.9%
Q2 2022-12.4%-6.2%-15.4%
Q1 2022+6.6%+12.7%+24.2%
Q4 2021+2.5%+8.4%+3.3%
Q3 2021+7.3%+18.1%+16.2%
Q2 2021-3.2%-9.2%+3.5%
Q1 2021-6.7%-10.5%-13.1%
Q4 2020+4.2%+18.1%+30.6%
Q3 2020-1.0%-8.8%-6.9%
Q2 2020+0.2%+7.3%+1.2%
Q1 2020
Q4 2019
Q3 2018
Q2 2018
Q1 2018

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