04:33 PM EDT, 06/27/2024 (MT Newswires) -- Accolade (ACCD) reported a fiscal Q1 net loss late Thursday of $0.35 per diluted share, narrower than a loss of $0.52 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.48.

Revenue for the quarter ended May 31 was $110.5 million, up from $93.2 million a year earlier.

Analysts surveyed by Capital IQ expected $105.2 million.

The company said it expects Q2 revenue between $104 million and $106 million.

Analysts polled by Capital IQ expect $113.2 million.

The company expects fiscal 2025 revenue between $460 million and $475 million.

Analysts surveyed by Capital IQ expect $490.1 million.

The company's shares were falling past 25% in after-hours activity.

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