Appfolio Stock Price, News & Analysis

AppFolio (NASDAQ: APPF) announced a 31% revenue increase for Q3 2022, totaling $125.1 million, up from $95.8 million in Q3 2021. The number of units served rose to 7.1 million, a significant growth from 6.0 million year-over-year. However, the company reported a GAAP loss from operations of $7.8 million, marking a shift from breakeven in the same quarter last year. Non-GAAP income from operations improved to $4.7 million. For fiscal 2022, full-year revenue is projected between $462 million and $466 million.

AppFolio, Inc. (NASDAQ: APPF) will report its Q3 2022 financial results on October 27, 2022, after U.S. market close. Following the announcement, a conference call is scheduled for the same day at 5:00 p.m. ET to discuss results and future outlook. Investors can access the call via a live webcast or by phone. AppFolio emphasizes the use of its Investor Relations website for disclosing material nonpublic information and regulatory compliance. The company provides cloud business management solutions specifically for the real estate sector.

AppFolio has launched new features and partnerships at its 10th annual Customer Conference, enhancing its Property Manager platform to better serve property managers and residents. The innovations include FolioGuard™ Security Deposit Alternative, which simplifies deposits; Report Builder, offering improved reporting capabilities; and Bank Feed, an AI-driven accounting tool. Additionally, AppFolio has integrated with seven new partners, expanding its AppFolio Stack™ marketplace, which boosts operational efficiency and enhances the resident experience.

AppFolio, Inc. (NASDAQ: APPF) announced an investor meeting scheduled for October 12, 2022, at 9:00 a.m. Pacific Time. The meeting will feature presentations by President and CEO Jason Randall and CFO Fay Sien Goon, focusing on the company's business foundation and long-term strategy. Following the presentations, there will be a live Q&A session. Interested parties can register for the live video webcast on the company’s website, with a replay available after the event.

AppFolio reports a revenue increase of 32% in Q2 2022, reaching $117.4 million, up from $89.0 million in Q2 2021. The company now serves approximately 6.8 million units, an increase from 5.8 million a year prior. However, it experienced a GAAP operating loss of $29.9 million, compared to a profit of $1.1 million in the same quarter last year. Non-GAAP operating income fell to $1.2 million from $5.9 million. For FY 2022, projected revenue is between $455 million and $461 million.

AppFolio, Inc. (NASDAQ: APPF) will announce its second quarter 2022 financial results on July 28, 2022, after U.S. market close. A conference call to discuss the results and business outlook is scheduled for the same day at 5:00 p.m. Eastern Time, with a live webcast accessible online. AppFolio provides cloud business management solutions for the real estate industry, enhancing operational efficiency and customer experience through its core products, AppFolio Property Manager and AppFolio Investment Management.

AppFolio (NASDAQ:APPF) has launched AppFolio Stack™, an integration marketplace designed for property management users. This platform addresses integration issues faced by legacy systems and enables property managers to centralize their workflows. Initial partners include renowned PropTech providers like ButterflyMX, Conservice, and Lowe’s. The launch aims to enhance productivity, streamline processes, and improve resident experiences across portfolios. With 55% of large property management companies seeking more point solutions, this offering responds to a significant industry demand.