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. (EXFY) provides cloud-based expense management solutions that streamline financial reporting for businesses worldwide. This news hub offers investors and professionals direct access to verified corporate announcements and financial updates.
Track EXFY's latest developments including earnings reports, product enhancements, strategic partnerships, and leadership updates. Our curated collection ensures timely access to material information affecting the company's market position in the fintech sector.
Key updates include innovations in smart receipt scanning technology, integration capabilities with enterprise accounting systems, and regulatory compliance features. Users will find official press releases alongside third-party analysis of EXFY's financial performance and competitive landscape.
Bookmark this page for centralized access to Expensify's evolving story. Check regularly for updates on operational milestones that impact the expense management software market.
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.
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.
Expensify, Inc. (NASDAQ: EXFY) has announced a new share repurchase program, authorizing the buyback of up to $50 million of its Class A common stock. The initiative aims to return value to shareholders and offset dilution from stock issuances. CEO Ryan Schaffer indicated that positive free cash flow enables the buyback amidst current market volatility. The repurchase may occur through various methods, with no set termination date, depending on market conditions and regulatory requirements.
Expensify, Inc. (Nasdaq: EXFY) reported significant growth in its Free Plan, with a 183% quarter-over-quarter increase to over 9,000 customers. The company achieved a revenue of $40.4 million in Q1 2022, a 36% rise year-over-year, alongside positive cash flow of $11.2 million and a 28% cash flow margin. However, net loss reached $(7.4) million, attributed to stock-based compensation expenses of $14.7 million. Non-GAAP net income stood at $7.3 million, with adjusted EBITDA of $11.0 million, reflecting a 27% margin. This growth signals strong momentum in both free and paid user segments.
Expensify (NASDAQ: EXFY) will release its first-quarter financial results on May 12, 2022, after market close. A live video call discussing these results is set for the same day at 2 p.m. PT / 5 p.m. ET. Participants can access the call through the Investor Relations website. Post-call, a recording, investor deck, and press release will be available online. Expensify is recognized as a leading payments superapp, simplifying expense management for over 10 million users worldwide.
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