Phreesia Inc. (PHR) Tops Q1 EPS by 3c, Revenues Beat

Phreesia Inc. (NYSE: PHR) reported Q1 EPS of ($0.16), $0.03 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $33.4 million versus the consensus estimate of $25.91 million.

Fiscal First Quarter 2021 Highlights

• Revenue was $33.4 million in the quarter as compared to $28.3 million in the same period in the prior year, an increase of 18%.
• Average number of provider clients was 1,632 in the quarter as compared to 1,549 in the same period in the prior year, an increase of 5%.
• Average revenue per provider client was $16,735 in the quarter compared to $15,649 in the same period in the prior year, an increase of 7%.
• Adjusted EBITDA was positive $1.5 million in the quarter compared to negative $0.3 million in the same period in the prior year.
• Cash on the balance sheet as of April 30, 2020 was $90.3 million, consistent with January 31, 2020.

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

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