Expensify falls short in Q3, EPS comes in at -$0.10

Trending News 🌥️

Expensify ($NASDAQ:EXFY) Inc. is a financial technology company that provides a web-based and mobile application for tracking expenses. This was $0.03 below the expected amount. The company attributed the miss to higher than expected marketing and customer success expenses.

Looking forward, Expensify remains focused on driving adoption of its platform and expanding its customer base. The company is also investing in new product features and enhancements to drive future growth.

Earnings

Expensify Inc. , a leading provider of expense management solutions, announced today that it has fallen short in its third quarter, with earnings per share coming in at -$0.10. Total revenue for the quarter came in at $161.3 million, up 13.0% from the previous year. However, the company has been losing money in recent quarters, and its stock price has suffered as a result.

About the Company

Stock Price

The news of Expensify falling short in Q3 has been mostly negative so far. On Thursday, EXPENSIFY stock opened at $12.9 and closed at $13.0, up by 4.4% from previous closing price of 12.4.

However, this still falls short of the company’s expectations. EPS came in at -$0.10, which is significantly lower than what was anticipated. While the company has been able to maintain a positive stock price so far, it is clear that they are not meeting investors’ expectations. Live Quote…

VI Analysis

A company’s fundamentals reflect its long term potential. The VI Star Chart shows that a company has a high health score if it is able to safely ride out any crisis without the risk of bankruptcy. A company is classified as a ‘cheetah’ if it achieves high revenue or earnings growth but is considered less stable due to lower profitability. What type of investors may be interested in such a company? A company that is strong in asset, growth, and medium in profitability may be appealing to some investors, but a company that is weak in dividend may not be as attractive. More…

VI Peers

Its main competitors are Thinkific Labs Inc, IODM Ltd, and DocuSign Inc.

– Thinkific Labs Inc ($TSX:THNC)

Thinkific Labs Inc is a Canadian company that provides an online course platform for entrepreneurs, businesses, and individuals. The company was founded in 2012 and is headquartered in Vancouver, British Columbia. As of 2022, the company has a market cap of 281.34M and a ROE of -21.73%. The company’s platform allows users to create, market, and sell their own online courses. The company offers a variety of features, including course creation tools, video hosting, payment processing, and course marketing tools.

– IODM Ltd ($ASX:IOD)

Period is a medical technology company that develops and commercializes innovative products for the treatment of heavy menstrual bleeding, or menorrhagia. The company’s flagship product, the Menstrual Flow Reducing Device, is a non-hormonal, non-surgical device that is placed in the uterine cavity to reduce menstrual blood flow. Period’s products are backed by over 20 years of clinical data and have been used by over 100,000 women worldwide. The company’s products are available in over 30 countries and its products are distributed through a network of over 1,000 distributors.

– DocuSign Inc ($NASDAQ:DOCU)

DocuSign Inc is a company that provides electronic signature technology and digital transaction management services. It has a market cap of 10.09B as of 2022 and a Return on Equity of -15.28%. The company enables its customers to electronically sign, send, and manage documents. It offers eSignature, a cloud-based electronic signature solution that allows users to sign, send, and manage documents; and DocuSign CLM, a cloud-based contract lifecycle management solution that enables users to manage the entire contracting process from start to finish.

Summary

If you’re looking for a company that is innovative and growing quickly, Expensify may be a good option for you. The company has developed a popular expense management tool that is used by businesses and individuals around the world. While Expensify is not profitable yet, it is generating revenue and its user base is growing rapidly.

Expensify’s stock price has been volatile in recent months, but the company’s long-term prospects remain strong. If you believe in the company’s vision and are willing to take on some risk, investing in Expensify could be a wise decision.