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Mar 31, 2021
Appfolio Q1 2021 Earnings Report
AppFolio's financial performance for Q1 2021 was reported.
Key Takeaways
AppFolio's revenue for the first quarter of 2021 was $78.921 million, compared to $72.495 million for the first quarter of 2020. Net income was $479 thousand, compared to $1.983 million for the first quarter of 2020.
Revenue increased to $78.921 million from $72.495 million year-over-year.
Net income decreased to $479 thousand from $1.983 million year-over-year.
Loss from operations was $(5.669) million, compared to income from operations of $2.830 million in the same period last year.
Cash and cash equivalents decreased to $44.744 million from $140.263 million at the end of the previous quarter.
Forward Guidance
AppFolio's outlook for fiscal year 2021 includes revenue expected to be in the range of $348 million to $355 million and diluted weighted average shares are expected to be approximately 36 million for the full year.
Positive Outlook
- Full year revenue is expected to be in the range of $348 million to $355 million.
- Diluted weighted average shares are expected to be approximately 36 million for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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