Welcome to our dedicated page for Expensify news (Ticker: EXFY), a resource for investors and traders seeking the latest updates and insights on Expensify stock.
Expensify, Inc. (EXFY) is a leading cloud-based expense management platform that aims to simplify and streamline the expense reporting process for businesses of all sizes. By eliminating the traditional hassles associated with managing expenses, Expensify offers a fast and user-friendly solution that allows users to manage their business expenses effortlessly.
Founded with the mission of providing 'expense reports that don't suck!', Expensify enables users to snap a picture of their receipts using its app, which then employs SmartScan technology to read and input all the necessary information. This eliminates the need for manual data entry and significantly reduces the time spent on expense management. Additionally, Expensify can automatically import expenses directly from bank and credit card accounts and generate IRS-guaranteed e-receipts.
Expensify integrates seamlessly with all major enterprise accounting packages, making it a versatile front-end solution for existing accounting systems. Users can export properly categorized reports directly to their ledger and keep track of all receipts associated with expenses for tax purposes. The platform offers free credit card import, robust mobile apps for logging expenses on the go, and powerful administrative tools that ensure compliance and accuracy.
Expensify's features are extensive, including corporate cards, expense tracking, next-day reimbursement, invoicing, bill pay, and travel booking, all within one comprehensive app. Recent achievements include expanding its user base, enhancing its SmartScan technology, and forming strategic partnerships to further enhance its service offerings. The company's continued growth and innovation underscore its commitment to providing efficient and effective expense management solutions.
For investors and stakeholders, Expensify, Inc. represents a dynamic and forward-thinking company that is poised to capitalize on the growing demand for expense management solutions. Its user-friendly approach and robust technology make it a valuable tool for businesses looking to simplify their financial operations and improve productivity.
Expensify (NASDAQ: EXFY) will announce its Q2 2022 financial results on August 11, 2022, after market close. A live video call to discuss the results will take place at 2pm PT / 5pm ET on the same day. Interested parties can access the call and additional materials, including a press release and investor deck, on Expensify's Investor Relations website. The company highlights its superapp capabilities, which assist over 10 million users with expense management, corporate cards, invoicing, bill pay, and travel booking, all at no cost.
Expensify, a payments superapp, has announced the return of ExpensiCon, scheduled for May 18-22, 2023, in Puglia, Italy. This invite-only event will unite 100 leading accounting firms and fintech giants for community building and networking in a luxurious setting. Attendees will enjoy keynotes, discussions, and excursions, focusing on collaboration rather than traditional conference models. Expensify aims to foster long-term relationships and solve industry challenges through these exclusive interactions.
Expensify (NASDAQ: EXFY), a payments superapp, announced its participation in key investor events. On May 25, 2022, Founder & CEO David Barrett will present at the 49th Annual J.P. Morgan Technology, Media, & Communications Conference at 2:30 PM ET. Barrett and COO Anu Muralidaran will engage in a fireside chat at Bank of America’s Global Technology Conference on June 8, 2022, at 4:35 PM ET. Additionally, they will attend Loop Capital’s 3rd Annual Investor Conference on June 1, 2022. Webcasts will be available on their investor relations site.
Expensify, Inc. (NASDAQ: EXFY) has announced a new share repurchase program, authorizing the buyback of up to $50 million of its Class A common stock. The initiative aims to return value to shareholders and offset dilution from stock issuances. CEO Ryan Schaffer indicated that positive free cash flow enables the buyback amidst current market volatility. The repurchase may occur through various methods, with no set termination date, depending on market conditions and regulatory requirements.
Expensify, Inc. (Nasdaq: EXFY) reported significant growth in its Free Plan, with a 183% quarter-over-quarter increase to over 9,000 customers. The company achieved a revenue of $40.4 million in Q1 2022, a 36% rise year-over-year, alongside positive cash flow of $11.2 million and a 28% cash flow margin. However, net loss reached $(7.4) million, attributed to stock-based compensation expenses of $14.7 million. Non-GAAP net income stood at $7.3 million, with adjusted EBITDA of $11.0 million, reflecting a 27% margin. This growth signals strong momentum in both free and paid user segments.
Expensify (NASDAQ: EXFY) will release its first-quarter financial results on May 12, 2022, after market close. A live video call discussing these results is set for the same day at 2 p.m. PT / 5 p.m. ET. Participants can access the call through the Investor Relations website. Post-call, a recording, investor deck, and press release will be available online. Expensify is recognized as a leading payments superapp, simplifying expense management for over 10 million users worldwide.
Expensify, Inc. (Nasdaq: EXFY) concluded 2021 with a remarkable 63% revenue growth, reporting $142.8 million for the year. The fourth quarter's revenue was $40.4 million, up 56% year-over-year, despite a net loss of $(21.9 million) due to IPO-related expenses. The launch of its Free Plan contributed significantly, attracting over 3,100 customers by December. Paid members reached 711,000, and the Expensify Card saw a 185% increase in interchange. The company aims for Net Zero emissions by 2030.
Expensify (NASDAQ: EXFY) will release its Q4 and full year fiscal 2021 financial results after market close on March 30, 2022. A live video call will occur on the same day at 2 PM PT / 5 PM ET to discuss the results. Investors can access the call via the Investor Relations website. Following the call, a recording, investor deck, and press release will be available, providing comprehensive insights into the company's financial performance.
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