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Dec 31, 2019
Appfolio Q4 2019 Earnings Report
AppFolio announced financial results for the fourth quarter and fiscal year ended December 31, 2019.
Key Takeaways
AppFolio's Q4 2019 revenue increased to $67.362 million compared to $50.365 million in Q4 2018. Net income for Q4 2019 was $4.428 million, up from $2.649 million in Q4 2018.
Full year revenue is expected to be in the range of $312.0 million to $320.0 million.
Diluted weighted average shares are expected to be approximately 36 million for the full year.
Klaus Schauser will retire from his position as Chief Strategist, effective as of May 1, 2020.
Company will host a conference call on March 2, 2020, at 1:30 p.m. Pacific Time to discuss its financial results.
Forward Guidance
AppFolio's outlook for fiscal year 2020 includes full year revenue expected to be in the range of $312.0 million to $320.0 million and diluted weighted average shares expected to be approximately 36 million.
Positive Outlook
- Full year revenue is expected to be in the range of $312.0 million to $320.0 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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