earnings
confidence high
sentiment negative
materiality 0.80
Phreesia upsizes credit line to $100M; Q4 revenue up 39% but EBITDA plunges, FY23 guidance weak
Phreesia, Inc.
2022-FY EPS reported
-$2.37
revenue$213,233,000
- Q4 revenue $58.0M (+39% YoY); FY2022 revenue $213.2M (+43% YoY).
- Q4 Adjusted EBITDA -$30.5M (vs -$0.1M); FY2022 Adj. EBITDA -$59.0M (vs +$3.8M).
- FY2023 revenue guidance $271M–$275M (27–29% growth); Adj. EBITDA guidance -$154M to -$149M.
- New $100M revolving credit facility with SVB, upsized from $50M; floating rate (prime –0.50%, floor 3.25%).
- Cash and equivalents $313.8M at Jan 31, 2022, up from $218.8M a year ago; quarterly burn increased.