Expensify (EXFY) Stock

Expensify's Q3 2024 results show declining revenue but improved free cash flow guidance. The global expense and travel management software market is projected to grow significantly, driven by mobile device use, cost reduction demands, and AI technologies. Despite stable gross margins and reduced SG&A costs, Expensify's revenue growth remains challenged, with a focus on transitioning to its Platform 2.0 approach.

Expensify, Inc. (NASDAQ:EXFY ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Anuradha Muralidharan - Chief Operating Officer David Barrett - Chief Executive Officer Conference Call Participants Aaron Kimson - JMP Securities LLC Steven Enders - Citigroup Inc. Eric Martinuzzi - Lake Street Capital Markets Operator Good afternoon, and welcome to Expensify's Q3 2024 earnings call. Before we begin, please note that all the information presented on today's call is unaudited, and during the course of this call management may make forward-looking statements within the meaning of the federal securities laws.

Expensify (EXFY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Expensify's latest Q2 2024 EBITDA and bottom line came in +60% and +62% higher than their respective consensus estimates. EXFY boasts a positive outlook, taking into account new revenue growth engines and the upward revision in its cash flow guidance. My Buy rating for Expensify stays unchanged, as the stock is attractively valued based on the PEG metric.

Expensify, Inc. (NASDAQ:EXFY ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Ryan Schaffer - Chief Financial Officer David Barrett - Founder & Chief Executive Officer Conference Call Participants Aaron Kimpson - JMP Ryan Schaffer Welcome to the Q2 2024 Expensify Earnings. I'm Expensify CFO, Ryan Schaffer, and with me I have our, Co-Founder and CEO -- I'm sorry, I have our Founder and CEO, not Co-Founder, David Barrett.

Expensify, Inc. (EXFY) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.01 per share a year ago.

Expensify (NASDAQ: EXFY ) stock is heading higher on Tuesday after Jim Cramer accidentally triggered a rally for the cloud-based expense management software platform company's shares. During an interview with Brad Pitt for the upcoming F1 movie, Cramer mentioned that Expensify is a sponsor of the in-movie fictional F1 racing team.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Expensify (EXFY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Expensify (EXFY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.