Welcome to our dedicated page for Expensify news (Ticker: EXFY), a resource for investors and traders seeking the latest updates and insights on Expensify stock.
Expensify, Inc. reports company developments tied to its cloud-based expense management and spend management software for expenses, corporate cards, travel, bills, invoicing, reimbursement, and receipt automation. News commonly covers quarterly results, shareholder letters, Expensify Card interchange activity, product updates for New Expensify, and features such as Concierge, card controls, expense automation, reporting, analytics, and mobile receipt management.
Recurring updates also include distribution partnerships, accounting and travel integrations, and Bring Your Own Card capabilities that connect existing corporate or personal cards to Expensify workflows. Company announcements often frame these developments around small-business operations, commercial payments, travel reconciliation, and automated expense reporting.
Expensify, Inc. (Nasdaq: EXFY) announced Q3 2022 results, showing a revenue of $42.5 million, up 13% year-over-year. Despite economic challenges, user growth continued with 761,000 paid members, a 14% increase. The company plans an additional $6 million share repurchase, totaling $10 million for FY22. CFO Ryan Schaffer noted positive cash flow, though net loss increased to $8.2 million, primarily due to stock compensation. Adjusted EBITDA reached $9 million, and interchange revenue surged 115% year-over-year. Expensify is optimistic about upcoming payroll services.
Expensify, a payments superapp, will release its Q3 financial results after market close on November 10, 2022. A live video call to discuss the results will occur at 2pm PT / 5pm ET on the same day, accessible via the company's Investor Relations website.
Post-call, a recording, investor deck, and press release summarizing financial results will be made available. Expensify aims to simplify financial management for over 12 million users with its free features including expense tracking and corporate cards.
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Expensify, Inc. (Nasdaq: EXFY) announced that during the 2nd quarter of 2022, employees purchased a total of 67,466 shares via its Stock Purchase and Matching Plan, with executives accounting for 17,101 shares. The total value of the shares purchased reached $1,175,258 for employees and $297,899 for executives at a market price of $17.42 per share.
This move reflects an investment in the company's growth and confidence from its workforce.
Expensify (Nasdaq: EXFY) reported a strong Q2 2022, achieving a record growth of paid members, reaching 754,000, up from 706,000 in Q1. The company generated revenue of $43.2 million, a 22% year-over-year increase, and experienced a 142% rise in interchange from the Expensify Card. Positive operating cash flow was noted at $27.2 million, despite a net loss of $8.0 million, largely due to stock-based compensation. Expensify is enhancing accounting partnerships and plans to host ExpensiCon in May 2023.
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Expensify (NASDAQ: EXFY) will announce its Q2 2022 financial results on August 11, 2022, after market close. A live video call to discuss the results will take place at 2pm PT / 5pm ET on the same day. Interested parties can access the call and additional materials, including a press release and investor deck, on Expensify's Investor Relations website. The company highlights its superapp capabilities, which assist over 10 million users with expense management, corporate cards, invoicing, bill pay, and travel booking, all at no cost.
Expensify, a payments superapp, has announced the return of ExpensiCon, scheduled for May 18-22, 2023, in Puglia, Italy. This invite-only event will unite 100 leading accounting firms and fintech giants for community building and networking in a luxurious setting. Attendees will enjoy keynotes, discussions, and excursions, focusing on collaboration rather than traditional conference models. Expensify aims to foster long-term relationships and solve industry challenges through these exclusive interactions.
Expensify (NASDAQ: EXFY), a payments superapp, announced its participation in key investor events. On May 25, 2022, Founder & CEO David Barrett will present at the 49th Annual J.P. Morgan Technology, Media, & Communications Conference at 2:30 PM ET. Barrett and COO Anu Muralidaran will engage in a fireside chat at Bank of America’s Global Technology Conference on June 8, 2022, at 4:35 PM ET. Additionally, they will attend Loop Capital’s 3rd Annual Investor Conference on June 1, 2022. Webcasts will be available on their investor relations site.