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Accolade Source : Accolade , Inc. January 07 , 2021 16:05 ET Accolade Announces Results for Fiscal Third Quarter 2021 • Fiscal third quarter 2021 revenue of $ 38.4 million , a 30 % increase compared to fiscal third quarter 2020 revenue of $ 29.7 million , driven primarily by strength in new customer additions across market segments and offerings • Company raises revenue outlook for fiscal year 2021 to a range of $ 162 million to $ 165 million , representing growth of 22 % to 25 % over fiscal year 2020 SEATTLE , Jan. 07 , 2021 ( GLOBE NEWSWIRE ) -- Accolade , Inc. ( NASDAQ : ACCD ) , which provides personalized , technology - enabled solutions that help people better understand , navigate , and utilize the healthcare system and their workplace benefits , today announced financial results for the fiscal third quarter ended November 30 , 2020 . " Accolade's momentum in the third quarter continued what has been a transformative year for the company . Across the business , we have expanded in all aspects - growing our customer base across all segments , engaging with a member population that now exceeds two million people , and extending our platform into new offerings and with new ecosystem partners . We are raising our outlook for the full year based on our continued success and our belief that Accolade has never been better positioned to compete in the market , ” said Rajeev Singh , Accolade CEO . Mr. Singh continued , " The healthcare system continues to be too complex and too costly , and consumers have never had a greater need for high touch , empathetic benefit navigation and advocacy services to help them negotiate this increasingly complicated marketplace . We believe the future of healthcare must be integrated , collaborative , and driven by an obsession for the member experience , and that the best way to bend the cost curve is by focusing on total population health to ensure everyone gets the right care and realizes the best health outcomes . Our strategy , built on these fundamental principles , ultimately delivers better outcomes and lower healthcare costs . We are excited about the future of healthcare , and our 1,200+ employees are motivated every day to help our members live their healthiest lives . " Financial Highlights for Fiscal Third Quarter 2021 ended November 30 , 2020 Three months ended November 30 , % 2020 2019 change ( 2 ) ( in millions , except percentages ) GAAP Financial Data : Revenue $ 38.4 $ Net loss $ ( 16.6 ) 29.7 ( 18.3 ) 30 % 9 % Non - GAAP Financial Data ( 1 ) : Adjusted EBITDA Adjusted Gross Profit SA S SASA Adjusted Gross Margin $ ( 11.4 ) $ ( 13.8 ) 17 % 16.1 $ 12.2 32 % 41.8 % 41.1 % ( 1 ) A reconciliation of GAAP to non - GAAP results has been provided in this press release in the accompanying Financial Tables . An explanation of these measures is also included below under the heading " Non - GAAP