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Phreesia, Inc.
12/9/2024
Good evening, ladies and gentlemen, and welcome to the Freesia third quarter fiscal 2025 earnings conference call. At this time, all participants are in a listen-only mode. We will provide instructions for the question and answer session to follow. First, I would like to introduce Balaji Gandhi, Freesia's chief financial officer. Mr. Gandhi, you may begin.
Thank you, operator. Good evening and welcome to Freesia's earnings conference call. for the third quarter of fiscal 2025, which ended on October 31st of 2024. Joining me on today's call is Haim Indig, our Chief Executive Officer. A more complete discussion of our results can be found in our earnings press release and in our related Form 8 submission to the SEC, including our quarterly stakeholder letter, both issued after the markets closed today. These documents are available on the investor relations section of our website at ir.freesia.com. As a reminder, today's call is being recorded, and a replay will be available on our investor relations website at ir.freesia.com following the conclusion of the call. During today's call, we may make forward-looking statements, including statements regarding trends, our anticipated growth, our strategies, predictions about our industry, and the anticipated performance of our business. including our outlook regarding future financial results. Forward-looking statements are subject to various risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to differ materially from those described in our forward-looking statements. Such risks are described more fully in our earnings press release, our stakeholder letter, and our risk factors included in our SEC filings, including in our quarterly report on Form 10-Q that will be filed by tomorrow morning. The forward-looking statements made on this call will be based on our current views and expectations and speak only as of the date on which the statements are made. We undertake no obligation to update and expressly disclaim the obligation to update these forward-looking statements to reflect events or circumstances after the date of this call or to reflect new information or the occurrence of unanticipated events. We may also refer to certain financial measures not in accordance with generally accepted accounting principles, such as adjusted EBITDA and free cash flows, in order to provide additional information to investors. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. A reconciliation of GAAP to non-GAAP results may be found in our earnings release and stakeholder letter which were furnished with our Form 8K, filed after the markets closed today with the SEC, and may also be found on our investor relations website at ir.freesia.com. I will now turn the call over to our CEO, Haim Indyk.
Thank you, Balaji, and good evening, everyone. Thank you for joining our fiscal third quarter earnings call. Our team continues to perform well, as evidenced by our operating and financial results. We are on track to finish the year strong, and we believe the Our solid foundation also sets us up for continued growth and profitability in fiscal 2026. Balaji will walk you through our third quarter results, our updated outlook for fiscal 2025, and our initial fiscal 2026 outlook. Before handing it over to Balaji, I want to make two comments. First, I'd like to acknowledge the destructive hurricanes that impacted millions of people in the southeastern United States, including many Frisia employees, clients, colleagues, and their respective friends and families. I'm proud of our team's preparation and response to the hurricanes and grateful to our team for rallying behind our clients over the past few months. Second, we are excited about the future here at Frisia. Our network continues to grow. Adoption of our current offering is increasing. and we are beginning to see promise of new solutions we are investing in. Our product team continues to scale out our existing investments by expanding product functionalities into new integrations, increasing value of our existing clients, and creating a more compelling offering for prospects. I will now hand it over to Balaji to provide some financial highlights. Thank you, Haim.
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