NASDAQ$APPF

Appfolio Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

AppFolio announced financial results for the fourth quarter and fiscal year ended December 31, 2019.

AppFolio's Q4 2019 revenue increased to $67.362 million compared to $50.365 million in Q4 2018. Net income for Q4 2019 was $4.428 million, up from $2.649 million in Q4 2018.

  • Full year revenue is expected to be in the range of $312.0 million to $320.0 million.
  • Diluted weighted average shares are expected to be approximately 36 million for the full year.
  • Klaus Schauser will retire from his position as Chief Strategist, effective as of May 1, 2020.
  • Company will host a conference call on March 2, 2020, at 1:30 p.m. Pacific Time to discuss its financial results.

Headline financials

Total Revenue

$67.4M

Previous: $50.4M+33.7%
EPS (adj)

$0.12

Previous: $0.07+71.4%
Capital Expenditures

$4M

Previous: $362K+1004.7%
Free Cash Flow

$11.5M

Previous: $11.3M+1.5%
Net Income

$4.43M

Previous: $2.65M+67.2%
Operating Income

$89K

Previous: $2.7M-96.7%
Gross Profit

$41M

Previous: $30.4M+34.6%
Cash & Equivalents

$15.8M

Previous: $74.1M-78.7%
Total Assets

$260M

Previous: $176M+48.0%
Stock-Based Comp

$1.88M

Previous: $1.92M-2.1%

Revenue & EPS history

Appfolio · Revenue · Quarterly

$67.4M

Q4 2019+33.7%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Appfolio · $163M total across 2 segments · Q3 2023

  • Value Added Services
    $123M
  • Core solutions
    $39.8M

Forward guidance

AppFolio's outlook for fiscal year 2020 includes full year revenue expected to be in the range of $312.0 million to $320.0 million and diluted weighted average shares expected to be approximately 36 million.

Tailwinds

  • Full year revenue is expected to be in the range of $312.0 million to $320.0 million.
  • Diluted weighted average shares are expected to be approximately 36 million for the full year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.2%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+6.7%

Avg return

30 days after

53%

23 / 43 earnings

Positive

+26.7%

Q4 2023

Best reaction

-18.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+8.5%+8.1%
Q4 2025-9.1%-11.1%-14.2%
Q3 2025+11.2%+9.2%-3.2%
Q1 2025-18.2%-12.0%-10.6%
Q4 2024-7.8%-9.1%-15.4%
Q3 2024+8.6%+10.7%+24.0%
Q2 2024-10.0%-14.4%-10.6%
Q1 2024+12.4%+5.0%+6.7%
Q4 2023+26.7%+27.7%+33.9%
Q3 2023+6.6%+6.4%+9.6%
Q2 2023+0.8%+3.5%+3.3%
Q1 2023+11.8%+10.1%+14.4%
Q4 2022-6.2%-0.6%+15.4%
Q3 2022+20.2%+22.0%+13.8%
Q2 2022+1.8%+3.7%+5.0%
Q1 2022-17.7%-9.9%-6.1%
Q4 2021+3.0%+1.3%+0.3%
Q3 2021-2.1%-5.8%-5.8%
Q2 2021-6.8%-4.5%-11.1%
Q1 2021-4.6%-2.0%+6.4%
Q4 2020-17.8%-15.4%-13.8%
Q3 2020-7.1%-11.8%+2.3%
Q2 2020+12.0%+14.2%+20.9%
Q1 2020+3.4%+16.3%+60.1%
Q4 2019-2.4%-4.6%-21.3%
Q3 2019+4.6%+8.8%+26.9%
Q2 2019-7.9%-6.8%-6.1%
Q1 2019-2.6%-0.9%+0.2%
Q4 2018-5.3%-1.7%+14.4%
Q3 2018-6.5%-0.3%+5.3%
Q2 2018+11.3%+15.0%+26.3%
Q1 2018+3.1%+13.2%+21.8%
Q4 2017-10.1%-9.3%-10.9%
Q3 2017-8.1%-8.5%-11.2%
Q2 2017+8.0%+2.9%+24.4%
Q1 2017+3.5%+7.7%+19.0%
Q4 2016+4.4%+0.6%+9.9%
Q3 2016+3.4%+16.4%+15.6%
Q2 2016+7.1%+8.3%+12.4%
Q1 2016+0.7%
Q4 2015-14.5%
Q3 2015-4.1%
Q2 2015+1.9%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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