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.
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.
Expensify, Inc. (EXFY) Q3 2024 Earnings Call Transcript
EXFY.O
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