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AppFolio, Inc. (NASDAQ: APPF) is a renowned cloud-based technology platform tailored specifically for the real estate industry, headquartered in Santa Barbara, California. Founded in 2006 by Klaus Schauser and Jon Walker, AppFolio aims to revolutionize how small and medium-sized businesses manage their operations through powerful and user-friendly software solutions. The company offers a comprehensive suite of products and services designed to enhance the marketing, management, and growth potential of property management and legal businesses.
At the heart of AppFolio’s offerings is the AppFolio Property Manager, an all-encompassing property management software that provides property managers with end-to-end solutions. This includes a variety of essential services such as tenant screening, risk mitigation, and electronic payments. AppFolio's technology enables property managers to streamline workflows, unlock critical insights, and significantly boost productivity.
Recently, AppFolio has made significant strides in advancing its AI capabilities, launching AppFolio Realm, a holistic suite of AI-powered features designed to make property management more efficient and intuitive. This includes Realm-X, a conversational interface leveraging generative AI to automate tasks and streamline processes in leasing, maintenance, and accounting. Additionally, new innovations such as AI-driven marketing descriptions and a conversational interface pilot program highlight AppFolio's commitment to integrating cutting-edge technology to enhance user experience.
AppFolio is also expanding its impact in the affordable housing sector with solutions tailored to HUD Project-Based Section 8 rental assistance and Low-Income Housing Tax Credit properties. The company's dedication to operational efficiency and compliance solidifies its position as a leader in managing both market rate and affordable housing units on a single platform.
The company's overall growth is reflected in its financial performance. As of the latest quarterly report, AppFolio recorded a 39% year-over-year increase in revenue, amounting to $171.8 million, and an 18.2% operating margin. These robust financial metrics underscore AppFolio's ongoing commitment to innovation and customer-centric strategies, paving the way for continued success and market leadership.
With offices in Santa Barbara, Dallas, and San Diego, AppFolio is built for long-term success and supported by a dedicated team that values customer feedback and innovation. The company continues to expand its AppFolio Stack Marketplace, which now features nearly 30 partners, further enhancing the platform’s capabilities and providing customers with a competitive edge through seamless integrations and specialized solutions.
AppFolio has launched new features and partnerships at its 10th annual Customer Conference, enhancing its Property Manager platform to better serve property managers and residents. The innovations include FolioGuard™ Security Deposit Alternative, which simplifies deposits; Report Builder, offering improved reporting capabilities; and Bank Feed, an AI-driven accounting tool. Additionally, AppFolio has integrated with seven new partners, expanding its AppFolio Stack™ marketplace, which boosts operational efficiency and enhances the resident experience.
AppFolio, Inc. (NASDAQ: APPF) announced an investor meeting scheduled for October 12, 2022, at 9:00 a.m. Pacific Time. The meeting will feature presentations by President and CEO Jason Randall and CFO Fay Sien Goon, focusing on the company's business foundation and long-term strategy. Following the presentations, there will be a live Q&A session. Interested parties can register for the live video webcast on the company’s website, with a replay available after the event.
AppFolio reports a revenue increase of 32% in Q2 2022, reaching $117.4 million, up from $89.0 million in Q2 2021. The company now serves approximately 6.8 million units, an increase from 5.8 million a year prior. However, it experienced a GAAP operating loss of $29.9 million, compared to a profit of $1.1 million in the same quarter last year. Non-GAAP operating income fell to $1.2 million from $5.9 million. For FY 2022, projected revenue is between $455 million and $461 million.
AppFolio, Inc. (NASDAQ: APPF) will announce its second quarter 2022 financial results on July 28, 2022, after U.S. market close. A conference call to discuss the results and business outlook is scheduled for the same day at 5:00 p.m. Eastern Time, with a live webcast accessible online. AppFolio provides cloud business management solutions for the real estate industry, enhancing operational efficiency and customer experience through its core products, AppFolio Property Manager and AppFolio Investment Management.
AppFolio (NASDAQ:APPF) has launched AppFolio Stack™, an integration marketplace designed for property management users. This platform addresses integration issues faced by legacy systems and enables property managers to centralize their workflows. Initial partners include renowned PropTech providers like ButterflyMX, Conservice, and Lowe’s. The launch aims to enhance productivity, streamline processes, and improve resident experiences across portfolios. With 55% of large property management companies seeking more point solutions, this offering responds to a significant industry demand.
AppFolio, a leading cloud business management solutions provider for the real estate sector, reported a record $105.3 million in revenue for Q1 2022, marking a 33% increase from $78.9 million in Q1 2021. The units served rose to 6.57 million, up from 5.62 million year-over-year. However, the company faced a GAAP loss from operations of $14.7 million, compared to $5.7 million a year prior. Free cash flow was negative at $(7.6) million. For FY 2022, AppFolio expects revenue between $452 million and $460 million, maintaining non-GAAP operating margins consistent with Q1.
AppFolio (NASDAQ: APPF) will announce its first quarter 2022 financial results on May 9, 2022, after U.S. market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss these results. Interested participants can join by calling 1(844) 200-6205 in the U.S. or 1(929) 526-1599 internationally. A replay will be accessible until May 12, 2022, and a live webcast will be available during the call.
AppFolio provides cloud business management solutions tailored for the real estate sector, focusing on enhancing customer experiences and business operations.
AppFolio reported a 32% revenue growth year-over-year for Q4 2021, reaching new heights with 6.35 million units served. The company's fiscal year 2021 revenue grew by 26%, highlighting the success of its multi-year investments. For fiscal year 2022, AppFolio projects revenue between $447 million and $457 million, with diluted weighted average shares anticipated at approximately 36.5 million. The company will host a conference call to discuss these results further.
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