secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001433195-23-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319523000049/0001433195-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319523000049/appf-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001433195-23-000049

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