Core Viewpoint - AppFolio reported strong financial performance in Q2 2024, with significant year-over-year growth in revenue and operating income, driven by increased adoption of AI technologies and customer growth in the real estate management sector [2][5]. Financial Performance - Revenue for Q2 2024 was $197.4 million, growing 34% year over year from $147.1 million in Q2 2023 [3]. - GAAP operating income reached $36 million, reversing an operating loss of $0.7 million from the previous year [2][3]. - Non-GAAP operating income was $51.4 million, a substantial increase of 447.1% from $9.4 million in Q2 2023 [3]. - Free cash flow for the quarter was $50.9 million, compared to a negative $9.2 million in Q2 2023 [3]. Business Overview - AppFolio provides cloud-based business management solutions tailored for the real estate industry, focusing on leasing, maintenance, and accounting [3]. - The company differentiates itself through innovation, particularly with AI-powered automation services [3][4]. Key Success Factors - Continuous platform updates with advanced features and high customer satisfaction are critical for maintaining retention rates [4]. - The company is successfully penetrating larger market segments with complex portfolios, enhancing its product offerings to meet these needs [4][5]. Notable Developments - Increased adoption of AI technologies within AppFolio's platform has enhanced functionality and competitive differentiation [5]. - The number of units under management grew by 9% year over year to 8.4 million units, indicating strong customer satisfaction and retention [5]. - Value-added services contributed $151.6 million to total revenue, reflecting their integration into customer workflows [5]. Future Outlook - Management raised revenue guidance for the full year to a range of $772 million to $778 million, up from a previous estimate of $766 million to $774 million [7]. - Expected non-GAAP operating margin is projected to be between 23.5% and 24.5%, with non-GAAP free cash flow margin anticipated at 22%-24% [7]. - Key areas to monitor include further AI adoption, efforts to attract larger customers, and competitive landscape changes [7].

AppFolio (APPF) reported $197.38 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 34.2%. EPS of $1.12 for the same period compares to $0.23 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $188.32 million, representing a surprise of +4.81%. The company delivered an EPS surprise of +21.74%, with the consensus EPS estimate being $0.92.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Financial Data and Key Metrics Changes - Revenue increased by 34% year-over-year to $197 million in Q2 2024 [5][17] - Non-GAAP operating margin improved to 26% from 6.4% in the previous year [17][20] - Free cash flow margin rose to 25%, compared to 4.2% last year [17][20] Business Line Data and Key Metrics Changes - Core solutions revenue was $44 million, a 14% year-over-year increase driven by new customers and additional units on the platform [17] - Revenue from value-added services grew 43% year-over-year to $152 million, primarily due to increased online payments and risk mitigation product usage [18] Market Data and Key Metrics Changes - Managed approximately 8.4 million units from 20,167 customers, up from 7.7 million units from 19,145 customers a year earlier, representing a 5% increase in customers and a 9% increase in units [17][18] Company Strategy and Development Direction - The company is focused on operational efficiency and innovation, highlighted by the introduction of Realm-X, an embedded generative AI platform [6][8] - AppFolio aims to unlock upmarket customers by providing a comprehensive platform for managing multiple portfolio types [10][12] - The company is expanding its product offerings, including the AppFolio Property Manager Max plan for large operators [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and the potential for continued growth, particularly through AI innovations and expansion into various property types [16][22] - The company raised its full-year revenue guidance to $772 million to $778 million, reflecting expectations for continued customer upgrades and growing usage of value-added services [20][21] Other Important Information - The company exited the quarter with 1,524 employees, indicating ongoing investment in innovation [18] - Cost of revenue as a percentage of revenue decreased to 35% from 39% last year, attributed to operational improvements [19] Q&A Session Summary - No specific questions or answers were recorded in the provided content [23]

分组1 - AppFolio reported quarterly earnings of $1.12 per share, exceeding the Zacks Consensus Estimate of $0.92 per share, and showing a significant increase from $0.23 per share a year ago, representing an earnings surprise of 21.74% [1] - The company achieved revenues of $197.38 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.81%, and up from $147.08 million year-over-year [1] - AppFolio has consistently outperformed consensus EPS and revenue estimates over the last four quarters [1] 分组2 - AppFolio shares have increased approximately 48.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.8% [2] - The company's earnings outlook is crucial for future stock performance, with current consensus EPS estimates at $0.97 for the coming quarter and $3.98 for the current fiscal year [4] - The Internet - Software industry, to which AppFolio belongs, is currently ranked in the top 40% of over 250 Zacks industries, indicating a favorable environment for stock performance [4]

appfolio AppFolio, Inc. Announces Second Quarter 2024 Financial Results Q2 revenue grows 34% and profitability continues to expand SANTA BARBARA, Calif., July 25, 2024 -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a technology leader powering the future of the real estate industry, today announced its financial results for the second quarter ended June 30, 2024. "We're proud of another quarter of strong performance," said Shane Trigg, President and CEO, AppFolio. "Through adoption of AI, m ...

SANTA BARBARA, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) (“AppFolio” or the “Company”), a technology leader powering the future of the real estate industry, today announced its financial results for the second quarter ended June 30, 2024. “We’re proud of another quarter of strong performance,” said Shane Trigg, President and CEO, AppFolio. “Through adoption of AI, mixed portfolio offerings and more, our customers are transforming the performance of their businesses through our ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AppFolio (APPF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.AppFolio is a member of the Computer and Technolog ...

Core Points - AppFolio, Inc. will report its second quarter 2024 financial results on July 25, 2024, after the U.S. financial markets close [1] - A conference call to discuss the financial results and business outlook will be held on the same day at 5:00 p.m. Eastern Time [1] - A live webcast of the call will be available, and a replay will be accessible for a limited time on AppFolio's Investor Relations website [1] Company Information - AppFolio is a technology leader in the real estate industry, providing an innovative platform that enhances operational efficiency and business growth for its customers [3] - The company emphasizes the importance of its Investor Relations website for disclosing material nonpublic information and complying with regulatory obligations [2]

AppFolio (APPF) closed at $247.96 in the latest trading session, marking a -0.37% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow gained 1.09%, and the Nasdaq, a tech-heavy index, added 1.18%.The property management software maker's shares have seen an increase of 6.27% over the last month, not keeping up with the Computer and Technology sector's gain of 8.46% and outstripping the S&P 500's gain of 4.44%.The upcoming earnings rel ...

Lordn/iStock via Getty Images Summary I am positive on AppFolio (NASDAQ:APPF). My summarized thesis is that the APPF solution helps small and medium-sized property managers address the challenges they face in improving operational efficiency without incurring a huge cost. The current environment, where the labor market is tight and mortgage rates remain high, is a major growth tailwind for APPF, and this should support robust growth over the foreseeable future. Long-term, the TAM is large enough to sust ...