AppFolio Q1 revenue up 29% to $136.1M; narrows non-GAAP op loss to $2.1M; guides FY rev $570-580M

APPFOLIO INC

2023-Q1 EPS reported -$0.99 revenue$136,100,000

Revenue $136.1M (+29% YoY); GAAP op loss $26.5M (19.5% rev) vs $14.7M (13.9%) Q1'22.
Non-GAAP op loss narrowed to $2.1M (1.6% rev) from $5.6M (5.3%); free cash flow -$0.4M vs -$7.6M.
Units on AppFolio Property Manager rose to ~7.5M from ~6.6M YoY; cash $181.7M.
FY2023 outlook: rev $570-580M, non-GAAP op margin 1-2%, FCF margin 2.5-3.5%, ~36M diluted shares.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPFOLIO INC reported fiscal year 2023 results: revenue $570 million to $580 million. Guidance initiated.

Period: fiscal year 2023
Revenue: $570 million to $580 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Full year revenue is expected to be in the range of $570 million to $580 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APPFOLIO INC reported the first quarter ended March 31, 2023 results: revenue $136.1 million.

Period: the first quarter ended March 31, 2023
Revenue: $136.1 million
Result: reported results

Exact text from the filing

Total revenue was $136.1 million in the first quarter of 2023, a 29% increase from $105.3 million in the first quarter of 2022.

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Source: SEC EDGAR

accession 0001433195-23-000049

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