AppFolio Q2 revenue up 25% to $147.1M; GAAP loss narrows sharply; issues FY23 guidance

APPFOLIO INC

2023-Q2 EPS reported -$1.52 revenue$283,175,000

Revenue $147.1M (+25% YoY); total units on platform ~7.7M (+13% YoY).
GAAP loss from operations ($0.7M) vs ($29.9M) in Q2 2022; non-GAAP op income $9.4M (6.4% margin).
Free cash flow $6.2M (4.2% of revenue) vs ($1.5M) in Q2 2022.
FY23 guidance: revenue $592-598M; non-GAAP op margin 5.5-6.5%; FCF margin 6-7%.
Cash and investments $164.0M as of June 30, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APPFOLIO INC reported fiscal year 2023 results: revenue in the range of $592 million to $598 million. Guidance initiated.

Period: fiscal year 2023
Revenue: in the range of $592 million to $598 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Full year revenue is expected to be in the range of $592 million to $598 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APPFOLIO INC reported second quarter ended June 30, 2023 results: revenue $147.1 million.

Period: second quarter ended June 30, 2023
Revenue: $147.1 million
Result: reported results

Exact text from the filing

Revenue: Total revenue was $147.1 million in the second quarter of 2023, a 25% increase from $117.4 million in the second quarter of 2022.

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Source: SEC EDGAR

accession 0001433195-23-000096

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