Accolade Q4 revenue $124.8M (+26% YoY), net loss $7.5M, positive Adjusted EBITDA $18.5M

Accolade, Inc.

2024-FY EPS reported -$1.33 revenue$414,292,000

Revenue $124.8M in Q4 FY2024, up 26% YoY; full year revenue $414.3M, up 14% YoY.
GAAP net loss narrowed 75% to $7.5M in Q4; full year net loss $99.8M vs $459.7M prior year.
Q4 Adjusted EBITDA turned positive at $18.5M vs $2.8M a year ago; full year loss narrowed to $7.5M from $36.5M.
Adjusted gross margin improved to 54.2% in Q4 (from 50.5%).
CEO guidance: approaching $500M revenue and positive full year Adjusted EBITDA in FY2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Accolade, Inc. reported the fiscal fourth quarter and full year ended February 29, 2024 results: revenue $124.8, net income $(7.5).

Period: the fiscal fourth quarter and full year ended February 29, 2024
Revenue: $124.8
Net income: $(7.5)
Result: reported results

Exact text from the filing

(3) Twelve months ended February 28(29), % Change (3) 2024 2023 2024 2023 (in millions, except percentages) (in millions, except percentages) GAAP Financial Data: Revenue $ 124.8 $ 99.0 26 % $ 414.3 $ 363.1 14 % Net loss (1) $ (7.5) $ (30.4) 75 % $ (99.8) $ (459.7) 78 % GAAP gross profit $ 58.1 $ 40.0 45 % $ 158.8 $ 132.5 20 % GAAP gross margin 46.5% 40.4%

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Source: SEC EDGAR

accession 0001481646-24-000018

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