AppFolio Q1 revenue $105.3M (+33% YoY); GAAP operating loss widens to $14.7M

APPFOLIO INC

2022-Q1 EPS reported -$0.41 revenue$105,296,000

Revenue $105.3M vs $78.9M in Q1 2021; first quarter above $100M milestone.
GAAP loss from operations $14.7M (14% of revenue) vs $5.7M (7%) year ago.
Non-GAAP loss from operations $5.6M (5% of revenue) vs $1.3M (2%).
Units served on AppFolio Property Manager reached 6.57M, up from 5.62M a year ago.
FY2022 revenue guidance $452-460M; non-GAAP operating margin expected in line with Q1.

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