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Expensify (EXFY)
NASDAQ:EXFY
Holding EXFY?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last Year’s EPS
$0.04Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 81.82%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call demonstrated significant progress in several key areas, including revenue growth and profitability, particularly with the Expensify Card and new platform initiatives. However, challenges remain with year-over-year revenue declines and stagnant growth in paid membership, indicating some ongoing business hurdles.Company Guidance
During the Q3 2024 earnings call for EXFY, the company provided several key metrics and guidance updates. The quarterly revenue was announced at $35.4 million, marking a 6.3% increase quarter-over-quarter, although this was a 3% decrease year-over-year. The average paid members remained flat quarter-over-quarter at 684,000, which is a 5% decrease from the previous year. Interchange from the Expensify Card rose significantly by 48% year-over-year, contributing $4.6 million to revenue. Free cash flow performance was a standout, reaching $6.7 million, with operating cash flow at $3.7 million. The company reported a net loss of $2.2 million, but a non-GAAP net income of $5.4 million and an adjusted EBITDA of $9.7 million. Notably, EXFY increased its full-year free cash flow guidance from an earlier range of $15 million to $16 million, now projecting between $19 million to $20 million. The company attributed profitability improvements to a higher interchange take rate and enhanced cost efficiency. Additionally, efforts to migrate Expensify Card users to a new program have been successful, with 94% of existing card spend already transitioned, and a target to reach 100% by year-end. The October paid active users increased to 693,000, a 1% rise from Q3, indicating positive momentum heading into Q4.Revenue Growth
Q3 total revenue was $35.4 million, a 6.3% increase quarter-over-quarter, and it exceeded the street's consensus forecast.
Expensify Card Performance
Interchange from the Expensify Card increased by 48% year-over-year, with 94% of existing card spend migrated to the new program.
Free Cash Flow and Profitability
Free cash flow was $6.7 million, with adjusted EBITDA at $9.7 million, prompting a revised free cash flow guidance for the year to $19 million to $20 million.
New Expensify Platform
The new platform is gaining traction, aiming for 100% automation in expense management through a chat-centric design.
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EXFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EXFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $1.98 | $2.45 | +23.74% |
| Aug 08, 2024 | $1.54 | $2.10 | +36.36% |
| May 09, 2024 | $1.78 | $1.77 | -0.56% |
| Feb 22, 2024 | $1.59 | $1.85 | +16.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Expensify (EXFY) report earnings?
Expensify (EXFY) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Expensify (EXFY) earnings time?
Expensify (EXFY) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EXFY EPS forecast?
EXFY EPS forecast for the fiscal quarter 2024 (Q4) is $0.07.
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