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AppFolio(APPF) - 2022 Q3 - Earnings Call Transcript
2022-10-27 23:20
Financial Data and Key Metrics Changes - Revenue increased by 31% year-over-year to $125 million in Q3 2022, with approximately 7.1 million units served [6][17] - Positive free cash flow of $11.9 million, representing about 10% of revenue, compared to $6.8 million or 7% in the same quarter last year [21][23] - Full year 2022 revenue guidance raised to a range of $462 million to $466 million, indicating a growth rate of 29% [21] Business Line Data and Key Metrics Changes - Core Solutions revenue reached $33.9 million, a 26% year-over-year increase [17] - Value-added services revenue grew by 35% year-over-year to $88.4 million, driven by an increase in property management units [19] Market Data and Key Metrics Changes - The Corporate segment was the fastest-growing residential segment, contributing to expected future Average Revenue Per User (ARPU) growth [11] - The number of property management units increased by 17% year-over-year, with a focus on larger unit portfolios driving higher adoption rates of APM PLUS [18] Company Strategy and Development Direction - The company is focused on customer satisfaction, acquiring new customers, and expanding adoption and usage of its services [15][23] - New product innovations include AI-driven features like Bank Feed and Smart Insurer, aimed at enhancing customer experience and operational efficiency [9][10] - Expansion into affordable housing and short-term rentals is part of the long-term growth strategy [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's long-term strategy, emphasizing the importance of customer success for overall growth [8][23] - The company anticipates a typical seasonal decline in value-added services revenue in Q4 due to fewer resident moves during winter months [22] Other Important Information - The company hosted its 10th Annual Customer Conference, which was well-received and provided valuable customer feedback for future innovations [7][8] - AppFolio was recognized as one of Fortune's 40 Best Large Workplaces in technology, enhancing its reputation among customers and potential employees [15] Q&A Session Summary - No specific questions or answers were provided in the transcript, indicating the end of the conference call [25]
AppFolio(APPF) - 2022 Q2 - Earnings Call Transcript
2022-07-28 23:33
AppFolio Inc. (NASDAQ:APPF) Q2 2022 Results Conference Call July 28, 2022 5:00 PM ET Company Participants Lori Barker - IR Jason Randall - President, CEO Fay Sien Goon - CFO Operator Good afternoon. Thank you for standing by. And welcome to AppFolio Inc.'s Second Quarter 2022 Financial Results Conference Call. Please be advised that today's conference is being recorded and a replay will be available on AppFolio Investor Relations website. I would now like to hand the conference over to Lori Barker, Investor ...
AppFolio(APPF) - 2022 Q1 - Earnings Call Transcript
2022-05-10 00:07
Appfolio, Inc. (NASDAQ:APPF) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET Company Participants Lori Barker - Investor Relations Jason Randall - President, CEO & Director Fay Sien Goon - CFO & Principal Accounting Officer Conference Call Participants Operator Good evening. Thank you for attending today's AppFolio Inc.'s First Quarter 2022 Financial Results Conference Call. My name is Erin, and I will be your moderator for today's call. I would now like to pass the conference over to our host, Lor ...
AppFolio(APPF) - 2021 Q3 - Earnings Call Transcript
2021-11-09 01:11
AppFolio, Inc. (NASDAQ:APPF) Q3 2021 Earnings Conference Call November 9, 2021 4:30 PM ET Company Participants Jason Randall - CEO Erica Abrams - Investor Relations Fay Sien Goon - CFO Conference Call Participants Operator Good afternoon. Thank you for standing by and welcome to AppFolio Incorporated Third Quarter 2021 Financial Results Conference Call. Please be advised, today's conference is being recorded and replay information will be given at the end of the broadcast. [Operator Instructions]. I would n ...
AppFolio(APPF) - 2021 Q2 - Earnings Call Transcript
2021-08-09 22:15
AppFolio, Inc. (NASDAQ:APPF) Q2 2021 Earnings Conference Call August 9, 2021 4:30 PM ET Company Participants Erica Abrams - Investor Relations Jason Randall - President and CEO Conference Call Participants Operator Good afternoon. Thank you for standing by. And welcome to the AppFolio Incorporated Second Quarter 2021 Financial Results Conference Call. Please be advised today’s conference is being recorded and replay information will be given at the end of the broadcast. [Operator Instructions] I would now l ...