Phreesia Sees FY24 Revenue $353M-$356M Vs $355.27M Est.;
Portfolio Pulse from Happy Mohamed
Phreesia has maintained its revenue outlook for FY2024 at $353M-$356M, implying a YoY growth of 26%-27%. The company has also raised its Adjusted EBITDA outlook for FY2024 to a range of negative $54M to negative $49M, reflecting strong Q2 performance. No outlook for GAAP Net income (loss) has been provided due to uncertainty and potential variability of other expenses and income tax provisions.
September 06, 2023 | 8:07 pm
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Phreesia's maintained revenue outlook and improved EBITDA outlook for FY2024 reflect strong Q2 performance. However, the lack of a GAAP Net income outlook introduces uncertainty.
Phreesia's maintained revenue outlook and improved EBITDA outlook for FY2024, which reflect strong Q2 performance, are positive signals for investors. However, the lack of a GAAP Net income outlook introduces uncertainty, which could impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100