Financial GuidanceThe clearinghouse client wind-down continues to mute the topline, causing the company to tighten its FY25 revenue range and lower the midpoint of its adjusted EBITDA guidance.
Investment ReturnsRecent investments, such as the Patient Activation Measure or Phreesia OnCall service, are failing to deliver return on investment, questioning the effectiveness of strategic spending.
Revenue GrowthPhreesia's revenue growth is moderating, with subscription growth and revenue guidance falling short of estimates, leading to reduced confidence in future performance.