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Income Statement
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Accolade, Inc. (ACCD)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsFeb-28-22Feb-28-21Feb-29-20Feb-28-19Feb-28-18
   10-K10-K10-K10-KS-1
Revenues  310.0170.4132.594.876.8
            Revenue growth  82.0%28.6%39.8%23.4% 
Cost of goods sold  169.093.773.760.653.4
Gross profit  141.076.758.834.223.4
            Gross margin  45.5%45.0%44.4%36.1%30.4%
Selling, general and administrative   [+]185.965.356.243.143.4
Other operating expenses  83.750.042.335.731.5
Adjusted EBITDA  -55.6-29.0-33.7-38.9-43.1
            Adjusted EBITDA margin  -17.9%-17.0%-25.4%-41.0%-56.1%
Stock-based compensation  72.99.66.05.78.4
EBITDA   [+]-128.5-38.6-39.7-44.6-51.5
            EBITDA margin  -41.5%-22.6%-30.0%-47.0%-67.0%
Depreciation  6.06.87.79.48.0
EBITA  -134.6-45.3-47.4-54.0-59.5
            EBITA margin  -43.4%-26.6%-35.7%-56.9%-77.4%
Amortization of intangibles  36.61.50.8  
EBIT   [+]-171.1-46.8-48.2-54.0-59.5
            EBIT margin  -55.2%-27.5%-36.4%-56.9%-77.4%
Non-recurring items   [+]-45.4    
Interest expense  2.93.72.92.41.8
Other income (expense), net  -0.1-0.1-0.1-0.10.0
Pre-tax income  -128.8-50.6-51.2-56.4-61.3
Income taxes  -5.60.00.10.10.0
            Tax rate  4.4%   0.0%
Net income  -123.1-50.7-51.4-56.5-61.3
            Net margin  -39.7%-29.7%-38.8%-59.6%-79.8%
   
Basic EPS   [+]($1.93)($1.72)($9.13)($12.17)($3.28)
Diluted EPS   [+]($1.93)($1.72)($9.13)($12.17)($3.28)
   
   
Shares outstanding (basic)   [+]63.829.45.64.618.7
Shares outstanding (diluted)   [+]63.829.45.64.618.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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