AppFolio: Q2 Earnings Snapshot

July 28, 2022 GMT

SANTA BARBARA, Calif. (AP) _ AppFolio Inc. (APPF) on Thursday reported a second-quarter loss of $30 million, after reporting a profit in the same period a year earlier.

The Santa Barbara, California-based company said it had a loss of 86 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The property management software maker posted revenue of $117.5 million in the period.

AppFolio expects full-year revenue in the range of $455 million to $461 million.

AppFolio shares have declined 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $103.99, a decline of 25% in the last 12 months.


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