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Mar 31, 2020
Appfolio Q1 2020 Earnings Report
AppFolio's Q1 2020 financial results were announced, showing an increase in revenue but a decrease in net income compared to Q1 2019.
Key Takeaways
AppFolio reported a revenue increase for Q1 2020, but net income decreased compared to the same period in 2019. The company withdrew its full-year revenue guidance due to the uncertainty caused by the COVID-19 pandemic.
AppFolio's Q1 2020 revenue increased to $72.495 million from $57.091 million in Q1 2019.
Net income for Q1 2020 was $1.983 million, down from $3.725 million in Q1 2019.
The company withdrew its previously communicated full-year revenue guidance for fiscal year 2020 due to the COVID-19 pandemic.
Diluted earnings per share (EPS) for Q1 2020 was $0.06, compared to $0.11 in Q1 2019.
Forward Guidance
AppFolio withdrew its full year revenue guidance for fiscal year 2020 due to the unpredictability of the COVID-19 pandemic's impact on its business and financial results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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