AppFolio, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
January 27, 2023 at 02:40 am IST
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AppFolio, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 471.88 million compared to USD 359.37 million a year ago. Net loss was USD 68.12 million compared to net income of USD 1.03 million a year ago.
Basic loss per share from continuing operations was USD 1.95 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 1.95 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
AppFolio, Inc. is a provider of cloud business management solutions for the real estate industry. Its solutions are designed to enable its customers to digitally transform their businesses and address critical operations. AppFolio solutions are designed to meet that need in the real estate industry. It helps its customers navigate an increasingly interconnected and growing network of stakeholders in their business ecosystems, including property owners, real estate investment managers, rental prospects, residents, and vendors, and provides key functionality related to critical transactions across the real estate lifecycle, including screening potential tenants, sending and receiving payments and providing insurance-related risk mitigation services. Its solutions include AppFolio, AppFolio Property Manager Core, AppFolio Property Manager Plus and AppFolio Property Manager Max. It also offers value-added services: electronic payment services, tenant screening services and risk mitigation.
APPFOLIO, INC. 
