secwatch.observer — SEC 8-K summary
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Issuer:     Phreesia, Inc. (PHR)
CIK:        0001412408
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0001412408-22-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phreesia upsizes credit line to $100M; Q4 revenue up 39% but EBITDA plunges, FY23 guidance weak
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1412408/000141240822000013/0001412408-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1412408/000141240822000013/phr-20220328.htm
  HTML page:      https://secwatch.observer/filing/0001412408-22-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer