Phreesia up following strong Q4 results
- Phreesia (NYSE:PHR) is up ~7% in Thursday trading after reporting fiscal 2024 Q4 financial results that beat on both lines and saw healthy year-over-year increases in service clients and revenue per client.
- Compared to the prior-year period, service clients increased ~10% in the quarter while revenue per client was up ~5%. Total revenue per client was $25,266.
- Phreesia significantly reduced its net loss to $6.4M from $30.6M in Q4 2023.
- As of Jan. 31, the company had $84.2M in cash and cash equivalents down from $87.5< as of Jan. 31, 2024.
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