NYSE$PHR
Phreesia Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Phreesia reported financial results for Q4 2023, showing revenue increase but a net loss.
Phreesia's Q4 2023 saw a 32% increase in revenue year-over-year, reaching $76.6 million. However, the company experienced a net loss of $38.0 million, though an improvement from the previous year's $46.5 million. The average number of healthcare services clients increased by 36% year-over-year.
- Revenue increased to $76.6 million, up 32% year-over-year.
- Average number of healthcare services clients was 3,140, a 36% increase year-over-year.
- Net loss was $38.0 million, an improvement compared to $46.5 million in the same period last year.
- Cash and cash equivalents totaled $176.7 million as of January 31, 2023.
Headline financials
Revenue & EPS history
Phreesia · Revenue · Quarterly
$76.6M
Revenue by segment
Phreesia · $76.6M total across 3 segments · Q4 2023
- Subscription Services$35.8M+35.4%46.8%
- Network Solutions$21M—27.4%
- Payment Processing$19.8M+22.6%25.8%
Forward guidance
For the full fiscal year 2024 ending January 31, 2024, we expect revenue to be between $353 million and $356 million, implying year-over-year growth of 26% to 27%. For the full fiscal year 2024, ending January 31, 2024, we expect Adjusted EBITDA to be between negative $65 million and negative $60 million.
Tailwinds
- Revenue is expected to be between $353 million and $356 million.
- Year-over-year revenue growth of 26% to 27% is anticipated.
- Maintaining $500 million revenue target to be achieved by annualizing our highest-revenue quarter in fiscal year 2025.
- Continue to expect to reach profitability in fiscal year 2025.
- Cash and cash equivalents, along with cash generated in the normal course of business, can support our path to our fiscal year 2025 targets.
Headwinds
- Adjusted EBITDA is expected to be between negative $65 million and negative $60 million.
- Uncertainty and potential variability of Other (income) expense, net.
- Uncertainty and potential variability of (Benefit from) provision for income taxes.
- Risk associated with effectively manage growth and meet growth objectives.
- Impact of pandemics or epidemics on business and economic conditions.
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 2023
-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
| Quarter | Report date | Reaction (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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