Benzinga | Aug 13, 2020 04:09PM EDT

Accolade Sees Q2 Sales $34.5M-$35.5M vs $34.64M Est., Sees FY21 Sales $158.0M-$161.0M vs $159.07M Est.

Financial Outlook

Accolade provides forward-looking guidance on Revenue and Adjusted EBITDA.

For the fiscal second quarter ending August 31, 2020, we expect:

* Revenue between $34.5 million and $35.5 million

* Adjusted EBITDA, a non-GAAP measure, between $(12.5) million and $(14.5) million

For the full fiscal year ending February 28, 2021, we expect:

* Revenue between $158.0 million and $161.0 million

* Adjusted EBITDA, a non-GAAP measure, between $(32.0) million and $(36.0) million