EPS beats expectations, revenue lags

Expensify (NASDAQ:EXFY) Q2 2024 Results

Key Financial Results

• Revenue: $33.3 million (down 14% compared to Q2 2023).

• Net loss: $2.76 million (loss reduced by 76% compared to Q2 2023).

• Loss per share of $0.032 (improved from a loss of $0.14 in Q2 2023).

All numbers shown in the chart above are for the last 12 months (TTM)

Expensify Earnings Per Share Beat Expectations, Revenue Down

Revenue was 2.7% below analyst estimates. Earnings per share (EPS) exceeded analyst estimates by 48%.

Revenues are forecast to grow at an average annual rate of 5.8% over the next three years, while the U.S. software industry is forecast to grow at 12%.

Efficiency American software industry.

The company’s shares are up 32% from the previous week.

Risk analysis

Don’t forget that there may still be risks. For example, we have identified 3 red flags for Expensify (1 we don’t like it very much) you should know about it.

Have an opinion on this article? Concerned about the content? Contact us with us directly. You can also email us at editorial-team (at) simplywallst.com.

This Simply Wall St article is for general information purposes only. Our commentary is based solely on historical data and analyst forecasts, and is based on an objective methodology. Our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.