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. (Nasdaq: EXFY) is a financial management and payments superapp focused on expenses, corporate cards, travel, bills, and invoicing. The EXFY news feed on Stock Titan aggregates the company’s official announcements, earnings updates, product launches, and partnership news so investors and users can see how the platform is evolving.
Recent Expensify news has highlighted integrations with major business services such as Uber for Business and DoorDash for Business, which automate receipt collection for rides, meals, and deliveries by sending e-receipts directly into Expensify. Other updates have focused on Expensify Travel, including new features for central billing, event management, and enhanced employee itineraries designed to simplify corporate travel planning and reduce T&E complexity.
Expensify’s press releases also cover its AI-driven Concierge expense agent, described as a Hybrid Multi-Modal Contextual Expense Agent that helps members manage expenses through chat, email, and text. In addition, the company regularly reports quarterly financial results, discussing metrics such as revenue, free cash flow, and interchange derived from the Expensify Card, along with non-GAAP measures like adjusted EBITDA and non-GAAP net income.
Investors following EXFY news can track items such as earnings dates, share repurchase activity, credit facility developments, and marketing partnerships like the multi-year agreement naming Expensify the official travel and expense management partner of the Brooklyn Nets. Bookmark this page to review historical and new headlines that reflect Expensify’s product roadmap, financial performance, and strategic relationships.
Expensify (NASDAQ: EXFY) reported that employees purchased 130,291 shares of Class A common stock during Q4 2022, with executives acquiring 37,242 shares. The total value of these shares amounted to $1,239,067, based on a share price of $9.51. In 2022, employee purchases totaled 272,909 shares at an average price of $13.45. CEO David Barrett is fully invested in the company, contributing his entire salary to the Stock Purchase Matching Plan, indicating strong internal confidence in the company’s future.
Expensify (Nasdaq: EXFY) announced the purchase of 599,080 common shares following their Q3 earnings call on November 10, 2022, bringing the total spent on share repurchases to $10 million year-to-date. The company has a share repurchase program approved for up to $50 million, aimed at enhancing shareholder value by offsetting dilution and reducing share count over time. This strategic move reflects confidence in the company's future growth potential and market position.
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.
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