SEATTLE (AP) — SEATTLE (AP) — Accolade, Inc. (ACCD) on Tuesday reported a loss of $23.9 million in its fiscal second quarter.
The Seattle-based company said it had a loss of 30 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The company posted revenue of $106.4 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $105.1 million.
For the current quarter ending in November, Accolade said it expects revenue in the range of $104 million to $107 million.
The company expects full-year revenue in the range of $460 million to $475 million.
The company’s shares closed at $3.97. A year ago, they were trading at $8.47.
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