Phreesia Inc. (PHR) Misses Q2 EPS by 4c, Revenues Beat

Phreesia Inc. (NYSE: PHR) reported Q2 EPS of ($0.17), $0.04 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $35 million versus the consensus estimate of $31.62 million.

Fiscal Second Quarter 2021 Highlights

• Revenue was $35.0 million in the quarter as compared to $30.8 million in the same period in the prior year, an increase of 14%.
• Average number of provider clients was 1,668 in the quarter as compared to 1,558 in the same period in the prior year, an increase of 7%.
• Average revenue per provider client was $17,360 in the quarter compared to $16,472 in the same period in the prior year, an increase of 5%.
• Adjusted EBITDA was positive $1.2 million in the quarter compared to positive $0.7 million in the same period in the prior year.
• Cash on the balance sheet as of July 31, 2020 was $84.2 million, a decrease of $6.1 million compared to January 31, 2020.

“I am proud of Phreesia’s ability to serve our clients, take care of our team and further our mission of creating a better, more engaging healthcare experience as our communities grapple with the current pandemic,” said Phreesia CEO Chaim Indig.

For earnings history and earnings-related data on Phreesia Inc. (PHR) click here.

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