Appfolio Q4 2022 Earnings Report
Key Takeaways
AppFolio reported a strong Q4 2022 with a 30% increase in revenue, reaching $124.1 million. Despite this growth, the company experienced a GAAP loss from operations of $20.0 million, although non-GAAP loss from operations was significantly lower at $3.4 million. The number of units served on the AppFolio Property Manager platform also increased to 7.3 million.
Total revenue for Q4 2022 reached $124.1 million, a 30% increase year-over-year.
Units served on the AppFolio Property Manager platform increased to approximately 7.3 million.
GAAP loss from operations was $20.0 million, or 16.1% of revenue.
Non-GAAP loss from operations was $3.4 million, or 2.7% of revenue.
Appfolio
Appfolio
Forward Guidance
AppFolio's outlook for fiscal year 2023 includes revenue in the range of $565 million to $575 million, approximately breakeven non-GAAP operating margin, and a non-GAAP free cash flow margin in the range of 2% to 3%.
Positive Outlook
- Full year revenue is expected to be in the range of $565 million to $575 million.
- Full year non-GAAP operating margin as a percentage of revenue is expected to be approximately breakeven.
- Full year non-GAAP free cash flow margin as a percentage of revenue is expected to be in the range of 2% to 3%.
- Weighted average shares outstanding are expected to be approximately 35 million for the full year.