Accolade Sees Q3 Revenue $95M-$97M vs $96.57M Est.; Sees FY24 Revenue $410M-$414M vs $412.52M Est.
Portfolio Pulse from Bill Haddad
Accolade has provided its Q3 and FY24 revenue guidance. For Q3, it expects revenue between $95M and $97M, and for FY24, it expects revenue between $410M and $414M. The company also expects a negative Adjusted EBITDA for both periods.
October 04, 2023 | 8:11 pm
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Accolade's revenue guidance for Q3 and FY24 is in line with estimates. However, the company expects a negative Adjusted EBITDA, indicating potential financial challenges.
Accolade's revenue guidance is in line with estimates, which may not significantly impact the stock price. However, the expected negative Adjusted EBITDA could be a concern for investors, potentially affecting the company's financial stability and future profitability.
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IMPORTANCE 75
RELEVANCE 100