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Mar 31, 2024
Expensify Q1 2024 Earnings Report
Expensify Card interchange grew, Operating cash flow was strong, and Free cash flow was positive.
Key Takeaways
Expensify reported a decrease in revenue compared to the same period last year, but demonstrated strong operating and free cash flow profitability. The company is increasing its full-year guidance and has made progress in developing New Expensify and Expensify Travel.
Revenue was $33.5 million, a decrease of 16% compared to the same period last year.
Expensify Card interchange grew to $3.5 million, an increase of 57% compared to the same period last year.
Generated $3.5 million cash from operating activities.
Free cash flow was $5.2 million.
Revenue by Segment
Forward Guidance
Expensify estimates Free cash flow of $11.0 million to $13.0 million for the fiscal year ending December 31, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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