NEWS ER
Expensify (NASDAQ: EXFY) reported Q3 2024 results with revenue of $35.4 million, down 3% year-over-year. The company's paid members decreased 5% to 684,000, though remaining stable for two quarters. Notable improvements include interchange from Expensify Card growing 48% to $4.6 million and free cash flow of $6.7 million. The company increased its FY'24 free cash flow guidance by 27% to $19.0-$20.0 million. The new card program has achieved 94% transition of spend, and Expensify Travel completed its initial beta phase, generating new revenue. The company reported a net loss of $2.2 million, improved from $17.0 million loss in the same period last year.
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HailTheApocalypse : according to some analysts this was supposed to break 3 dollars. needless to say, it did not.
Jaguar8 OP HailTheApocalypse : I don’t buy analysts’ ratings
HailTheApocalypse Jaguar8 OP : I should do the same
Jaguar8 OP HailTheApocalypse : Better set your own profit and price targets. This analyst target is sometimes the cause for some to bag hold
HailTheApocalypse Jaguar8 OP : makes sense considering this is almost like playing poker