secwatch.observer — SEC 8-K summary
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Issuer:     Phreesia, Inc. (PHR)
CIK:        0001412408
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001412408-23-000193
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 1.02, 2.02, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phreesia reports Q3 revenue $91.6M (+25% YoY), raises FY24 EBITDA outlook, introduces FY25 profitability target
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- Total revenue $91.6M (+25% YoY); net loss $31.9M vs $40.2M; subscription revenue +29%.
- Adjusted EBITDA -$6.6M, improved from -$18.3M; FY24 outlook raised to ~$39M (from -$54M to -$49M).
- FY25 revenue outlook $424M-$434M; Adjusted EBITDA target $10M-$20M; $500M annualized revenue now expected in FY26.
- New $50M 5-year asset-based revolving credit facility with Capital One; replaced SVB; $0.8M termination fees.
- SVP Michael Davidoff to leave on Jan 19, 2024 to pursue other opportunities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1412408/000141240823000193/0001412408-23-000193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1412408/000141240823000193/phr-20231201.htm
  HTML page:      https://secwatch.observer/filing/0001412408-23-000193

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