Accolade Results Presentation Deck slide image

Accolade Results Presentation Deck

9 Fiscal Third Quarter 2022 Results versus Guidance and Prior Year Revenue (reported) ■ Revenue (pro forma)* Adjusted EBITDA (Loss)** Actuals $83.5mm $83.5mm $(11.9)mm Guidance $74.5mm - $76.5mm $(21.5)mm - $(24.5)mm Prior Year $38.4mm $57.9mm $(11.4)mm YOY 117% 44% (5)% Highlights FQ3 revenue outperformance driven by customer member counts, strength in PlushCare consumer revenue, and earlier than expected achievement of performance-based revenue Recognized $7 million of performance-based revenue in FQ3 that was previously expected in FQ4, of which $2.5 million was included in FQ3 guidance. YoY growth adjusted for this timing was 32%. Adjusted EBITDA Loss ahead of guidance primarily due to earlier than expected PG revenue and lower than planned expenses *. Pro forma operating results give effect to the acquisitions of 2nd.MD and PlushCare as if they had occurred on March 1, 2020. **Adjusted EBITDA (Loss) excludes depreciation and amortization, acquisition and integration-related costs, stock-based compensation, and change in fair value of contingent consideration. See Appendix for disclosures and reconciliations related to preliminary guidance for fiscal years ending February 28, 2022 and 2023
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