Phreesia Shares Dropped 15% Following Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/PHR'>Phreesia, Inc. (NYSE:PHR) </a>shares were trading more than 15% lower Thursday morning following the company’s reported mixed Q3 results, with EPS coming in at ($0.71), worse than the Street estimate of ($0.47). Quarterly revenue was $55.92 million, beating the consensus estimate by 15.19%.</p>
<p>Adjusted EBITDA fell short of consensus as the company continues to ramp investments across the business, which management plans to accelerate in Q4 and again in 2023. </p>
<p>The company also raised full 2022 revenue guidance to $211 million (vs. Street’s $198 million), debuted EBITDA guidance of -$64 million (vs. Street’s -$35 million), and provided a 20-25% growth target for 2023. </p>

NYSE:PHR