EXFY Earnings Prediction
The chart below shows how EXFY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EXFY sees a +4.56% change in stock price 10 days leading up to the earnings, and a -3.52% change 10 days following the report. On the earnings day itself, the stock moves by +1.96%. This data can give you a slight idea of what to expect for the next quarter's release.
EXFY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
35.41M
-2.97%
6.37%
Gross Margin
51.58%
0.06%
-9.27%
Operating Margin
0.81%
101.98%
22.73%
Net Margin
-6.21%
-86.67%
-25.18%
EPS
-0.02
-90.48%
-33.33%
No Data Available
EXFY Earnings Analysis
Expensify, Inc. Class A Common Stock Corporation (EXFY.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Total revenue for Q3 came in at $35.4 million, representing a 6.3% increase quarter-over-quarter.
Interchange Revenue Surge: Interchange from the Expensify Card was $4.6 million, marking a whopping 48% increase compared to the same period last year.
Strong Free Cash Flow: Free cash flow performance was strong at $6.7 million for Q3, showcasing effective cash management.
Profitability Improvement: Adjusted EBITDA came in at $9.7 million, indicating continued improvement in profitability.
User Growth Improvement: Paid active users in October reached 693,000, reflecting a 1% improvement versus the Q3 number.
Negative
Q3 Revenue Decline: Total revenue in Q3 was $35.4 million, reflecting a 3% decrease year-over-year.
Membership Stability Decline: Average paid members came in flat quarter-over-quarter at 684,000, representing a 5% decrease compared to the same period last year.
Financial Performance Challenges: Net loss was $2.2 million in Q3 with non-GAAP net income of $5.4 million, indicating ongoing financial challenges.
Cash Flow Sufficiency Concerns: Operating cash flow was $3.7 million, which may not be sufficient to cover operational costs effectively.
Interchange Revenue Increase: The company experienced a significant 48% increase in interchange from the Expensify Card, but this was not enough to offset other losses.
EXFY FAQs
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EXFY Earning Call Sentiment
Expensify, Inc. (EXFY) Q3 2024 Earnings Call Transcript
1.0x
00:00
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EXFY.O
4.27%Positive
The earnings call summary presents a mixed picture: positive aspects include the partnership with Apple and increased free cash flow guidance, while challenges such as a year-over-year revenue decrease and competitive pressures persist. The Q&A section reveals some uncertainties, especially regarding revenue contributions from new initiatives. The lack of specific guidance and unclear management responses temper optimism. Overall, the combination of positive developments and ongoing challenges suggests a neutral stock price movement in the short term.
