NASDAQ$APPF

Appfolio Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Appfolio's financial performance remained strong with revenue growth, despite challenges posed by the divestiture of MyCase and the ongoing pandemic.

AppFolio reported a slight net loss for Q4 2020 of $513k, with revenue increasing to $72.432 million. The company's annual revenue reached $310.056 million, and net income was $158.403 million.

  • Q4 revenue increased to $72.432 million compared to $67.362 million in Q4 2019.
  • Net loss for Q4 2020 was $513k, compared to a net income of $4.428 million in Q4 2019.
  • Full year revenue reached $310.056 million.
  • The company didn't provide revenue guidance for fiscal year 2021 due to uncertainty in the current operating environment.

Headline financials

Total Revenue

$72.4M

Previous: $67.4M+7.5%
EPS (adj)

-$0.01

Previous: $0.12-108.3%
Capital Expenditures

$2.49M

Previous: $4M-37.8%
Free Cash Flow

$596K

Previous: $11.5M-94.8%
Net Income

-$513K

Previous: $4.43M-111.6%
Operating Income

-$2.75M

Previous: $89K-3192.1%
Gross Profit

$42.5M

Previous: $41M+3.8%
Cash & Equivalents

$140M

Previous: $15.8M+787.0%
Total Assets

$389M

Previous: $260M+49.7%
Stock-Based Comp

$2.22M

Previous: $1.88M+18.1%

Revenue & EPS history

Appfolio · Revenue · Quarterly

$72.4M

Q4 2020+7.5%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

The Company is not providing revenue guidance for fiscal year 2021 due to limited visibility into future business trends and financial performance in the current operating environment. Diluted weighted average shares are expected to be approximately 36 million for fiscal year 2021.

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 2020

Historical avgQ4 2020

+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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