Phreesia Reports Q1 Profit of $3M and Raises Full-Year Revenue Outlook
PHR•Phreesia reported Q1 net income of $3 million, or $0.05 per share, beating the $0.02 consensus and delivering $130.9 million in revenue. The company raised its full-year revenue outlook to $510 million–$520 million, reflecting confidence in continued adoption of its healthcare software platform.
1. Strong first-quarter earnings
Phreesia reported net income of $3 million for fiscal first quarter, translating to earnings of $0.05 per share and surpassing the $0.02 per share estimate.
2. Revenue surpasses consensus
Revenue for the quarter reached $130.9 million, exceeding the $130.3 million analysts’ consensus, driven by continued adoption of its healthcare software offerings including patient intake and payment solutions.
3. Upgraded full-year guidance
Management raised full-year revenue guidance to a range of $510 million to $520 million, indicating confidence in sustained platform growth and market demand.
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