Accolade announces preliminary results for fourth quarter and full year of fiscal year 2021

Seattle, march 23, 2021 (globe newswire) -- accolade, inc. (nasdaq: accd) today provided preliminary unaudited financial results for the fiscal fourth quarter and year ended february 28, 2021 (fiscal year 2021). based on current information, the company expects to report revenue for the fiscal 2021 fourth quarter in the range of $56.9 million to $57.9 million and revenue for fiscal year 2021 in the range of approximately $168.0 million to $169.0 million. the company expects to report net loss for the fiscal 2021 fourth quarter in the range of $(7.1) million to $(5.6) million and net loss for fiscal year 2021 in the range of $(53.0) million to $(51.5) million. adjusted ebitda is expected to be in the range of $0.6 million to $2.1 million for the fiscal 2021 fourth quarter and in the range of $(29.0) million to $(27.5) million for fiscal year 2021.
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