secwatch.observer — SEC 8-K summary
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Issuer:     Accolade, Inc. (—)
CIK:        0001481646
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001481646-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481646/000148164624000018/0001481646-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481646/000148164624000018/accd-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001481646-24-000018

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