Phreesia, Inc. Files 8-K for Financial Updates

Ticker: PHR · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1412408

Phreesia, INC. 8-K Filing Summary
FieldDetail
CompanyPhreesia, INC. (PHR)
Form Type8-K
Filed DateMar 14, 2024
Risk Levellow
Pages4
Reading Time4 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: financial-reporting, 8-k

TL;DR

Phreesia dropped an 8-K on March 14th covering financials and other events.

AI Summary

Phreesia, Inc. filed an 8-K on March 14, 2024, to report on its results of operations and financial condition, as well as other events. The filing also includes financial statements and exhibits. Specific financial details or outcomes were not detailed in the provided text excerpt.

Why It Matters

This filing provides important updates on Phreesia's financial performance and operational events, which can influence investor decisions.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of financial results and events, not indicating any immediate or significant negative developments.

Key Players & Entities

FAQ

What specific financial results are being reported by Phreesia, Inc. in this 8-K?

The provided text excerpt indicates the filing is for 'Results of Operations and Financial Condition' but does not detail the specific financial results.

What are the 'Other Events' mentioned in the 8-K filing?

The filing states 'Other Events' as an item information, but the specific nature of these events is not detailed in the provided text.

When was Phreesia, Inc. incorporated or organized?

Phreesia, Inc. was incorporated or organized in Delaware.

What is the principal executive office address for Phreesia, Inc.?

The principal executive offices are located at 1521 Concord Pike, Suite 301 PMB 221, Wilmington, Delaware 19803.

What is the telephone number for Phreesia, Inc.?

The registrant's telephone number is (888) 654-7473.

Filing Stats: 1,091 words · 4 min read · ~4 pages · Grade level 14.7 · Accepted 2024-03-14 16:02:37

Key Financial Figures

Filing Documents

02 - Results of Operations and Financial Condition

Item 2.02 - Results of Operations and Financial Condition On March 14, 2024, Phreesia, Inc. (the "Company") announced its financial results for the fiscal year ended January 31, 2024 by issuing a Letter to Stakeholders (the "Letter") and a press release. Copies of the press release and the Letter are furnished as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K, respectively, and are incorporated by reference herein. The information furnished under this Item 2.02 and in the accompanying Exhibit 99.1 and Exhibit 99.2 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

01 - Other Events

Item 8.01 - Other Events The Company has formed a wholly-owned subsidiary, Phreesia India Private Limited ("Phreesia India"). Phreesia India has been established to transition various outside services in-house. The Company expects to commence operations through Phreesia India by the end of its first fiscal quarter, subject to obtaining various regulatory licenses and approvals and onboarding certain members of the Company's existing third-party service provider as direct employees of Phreesia India. Phreesia India is expected to support the Company's business through various functions, including, but not limited to, customer operations, research and development, product management and support, sales and marketing, and finance and accounting, replacing support services that are currently outsourced to a third-party service provider in India. Once this transition is complete, the Company expects its global headcount will be approximately 2,400. Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements about the Company's plans and expectations regarding its operations in India, and are generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, many factors coul

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 99.1 Press release, dated March 14, 2024, by Phreesia, Inc. 99.2 Stakeholder letter, dated March 14, 2024, by Phreesia, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 14, 2024 Phreesia, Inc. By: /s/ Balaji Gandhi Name: Balaji Gandhi Title: Chief Financial Officer

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