Business
AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
SANTA BARBARA, Calif., March 02, 2020 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a leading provider of cloud-based
About this update from Appfolio, Inc.
[{"type":"text","content":"SANTA BARBARA, Calif., March 02, 2020 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) (\"AppFolio\" or the \"Company\"), a leading provider of cloud-based business software solutions, services, and data analytics to the real estate and legal markets, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2019.\n AppFolio's operating results for the fourth quarter and fiscal year 2019 are summarized in the tables accompanying this press release. The Company nevertheless urges investors to read its Annual Report on Form 10-K for the year ended December 31, 2019, which will be filed with the Securities and Exchange Commission (the \"SEC\") on March 2, 2020, and will be available on AppFolio's website at http://ir.appfolioinc.com. The limited information that follows in this press release is not adequate for making an informed investment judgment. Financial Outlook Based on information available as of March 2, 2020, AppFolio's outlook for fiscal year 2020 follows: Full year revenue is expected to be in the range of $312.0 million to $320.0 million. Diluted weighted average shares are expected to be approximately 36 million for the full year. Executive Leadership Transition Today the Company also announced that Klaus Schauser will retire from his position as Chief Strategist, effective as of May 1, 2020. Mr. Schauser will remain a Class II Director on the Company’s Board of Directors. As an active member of AppFolio’s Board, Mr. Schauser will continue to contribute to the Company’s vision and strategy. Conference Call Information As previously announced, the Company will host a conference call today, March 2, 2020, at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time, to discuss its financial results. Investors are invited to submit questions to management via the Investor Q&A form located on the Investor Overview section of AppFolio's website. The conference call can be accessed by dialing 844.624.1561 and entering ID #5869959. International callers may dial 647.253.8652. A replay of the conference call will be available at 800.585.8367, and at 416.621.4642 for international callers. A live and recorded webcast of the conference call will be available at http://ir.appfolioinc.com. About AppFolio, Inc.AppFolio offers industry-specific, cloud-based business software solutions, services, and data...