Безгодов/iStock via Getty Images Increased market volatility is a great chance for patient, long-term investors to shine. Instead of backing away from investing in growth at this time, we have a great opportunity to buy shares of high-quality tech stars at a discounted price, especially when recent market trends have become disconnected from underlying fundamental performance. Such is the case for AppFolio (NASDAQ:APPF), a real estate management software platform that delivered a strong beat-and-raise q ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Class A common stock, $0.0001 par value APPF NASDAQ Global Market Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐Smaller reporting company☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024. ...

Value-added services, including AI-related services, accounted for $151.6 million of the total revenue in Q2.Key PointsRevenue for Q2 2024 was $197.4 million, growing 34% year over year.AppFolio reported a GAAP operating income of $36 million, reversing an operating loss position from the previous year.Strong free cash flow generation reached $50.9 million for the quarter.AppFolio (APPF 0.96%), a provider of cloud-based business management solutions for the real estate industry, announced its earnings for Q ...

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]

AppFolio (APPF) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this property management software maker would post earnings of $0.84 per share when it actually produced earnings of $1.05, delivering a surprise of 25%.Over the last four quart ...

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 ...

SANTA BARBARA, Calif., July 11, 2024 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) today announced that it will report its second quarter 2024 financial results after the close of the U.S. financial markets on Thursday, July 25, 2024. In conjunction with this announcement, AppFolio will host a conference call on Thursday, July 25, 2024, at 5:00 p.m. (Eastern Time), to discuss the company’s financial results and business outlook. A live webcast of the call will be available at https://edge.media-server.c ...