Expensify FY2022 revenue up 19% to $169.5M; operating cash flow $32.9M

Expensify, Inc.

2022-FY EPS reported -$0.33 revenue$169,495,000

Full year revenue $169.5M (+19% YoY); Q4 revenue $43.5M.
Operating cash flow $32.9M, free cash flow $26.3M; adjusted EBITDA $42.5M.
Net loss $27.0M (vs $13.6M loss) driven by $52.3M stock-based comp; non-GAAP net income $25.3M.
Expensify Card interchange grew 118% to $6.8M; paid members 779,000 (+10%).
Repurchased $12.1M of stock in 2022 under $50M authorization; CEO contributing 100% salary to ESPP.

item 2.02 item 7.01 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

Expensify, Inc. reported the year and quarter ended December 31, 2022 results: revenue $169.5 million, net income Net loss was $27.0 million.

Period: the year and quarter ended December 31, 2022
Revenue: $169.5 million
Net income: Net loss was $27.0 million
Result: reported results

Exact text from the filing

reference. --- EX-99.1 (EX-99.1) --- EXPENSIFY ANNOUNCES Q4 AND FULL YEAR FISCAL 2022 RESULTS The company demonstrated strong positive operating cash flow of $32.9 million on $169.5 million in revenue, a revenue increase of 19% compared to the same period last year. PORTLAND, Ore.--(BUSINESS WIRE)--February 23, 2023-- Expensify, Inc. (Nasdaq: EXFY), a payments

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Source: SEC EDGAR

accession 0001476840-23-000021

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