Accolade Full Year 2024 Earnings: In Line With Expectations

Accolade (NASDAQ:ACCD) Full Year 2024 Results

Key Financial Results

• Revenue: US$414.3m (up 14% from FY 2023).
• Net loss: US$99.8m (loss narrowed by 78% from FY 2023).
• US$1.33 loss per share (improved from US$6.45 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Accolade Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Accolade that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.