Company name:

AppFolio Inc

  • IPO SHARE PRICE:
    $12.00
  • IPO DATE:
    June 26, 2015
  • TICKER:
    APPF
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    50 Castilian Drive Santa Barbara California 93117
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

AppFolio Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
45,679
45,679
 143,803 190,071 256,012 310,056 310,056 289,728
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
96.8%
38.4% —

Cost of revenue excluding depreciation and amortization

18.8% —

Sales and marketing

15.7% —

Research and development

15.3% —

General and administrative

8.6% —

Depreciation and amortization
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue excluding depreciation and amortization Cost of revenue excluding depreciation and amortization
45,679
45,679
45,679
45,679
 55,283 73,549 101,642 119,029 119,029 119,620
Sales and marketing
45,679
45,679
45,679
45,679
 28,709 33,288 51,528 58,445 58,445 61,312
Research and development
45,679
45,679
45,679
45,679
 16,578 24,111 39,508 48,529 48,529 46,940
General and administrative
45,679
45,679
45,679
45,679
 21,199 24,891 34,478 47,480 47,480 44,708
Depreciation and amortization
45,679
45,679
45,679
45,679
 12,699 14,576 22,395 26,790 26,790 28,156
Total costs and operating expenses
45,679
45,679
45,679
45,679
 $134,468 $170,415 $249,551 $300,273 $300,273 $300,736
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
3.2%
3.2% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
 $9,335 $19,656 $6,461 $9,783 $9,783 ($11,008)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
60.9%
60.9% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
45,679
45,679
 (96) (56) 16 188,897 188,897 4,552
Total non-operating income (expense)
45,679
45,679
45,679
45,679
 (96) (56) 16 188,897 188,897 4,552
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
64.1%
64.1% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
 $9,239 $19,600 $6,477 $198,680 $198,680 ($6,456)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
13.0%
0.6% —

Interest expense (income)

12.4% —

Income tax expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense and/or income
45,679
45,679
45,679
45,679
 535 787 - - - -
Interest expense (income)
-
-
-
-
 535 787 (1,654) (1,849) (1,849) -
Income before income taxes
45,679
45,679
45,679
45,679
 9,774 20,387 4,823 196,831 196,831 (6,216)
Income tax expense or benefit
45,679
45,679
45,679
45,679
 58 420 (31,459) 38,428 38,428 (4,164)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
51.1%
51.1% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 $9,716 $19,967 $36,282 $158,403 $158,403 ($2,052)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
45,678,795
45,678,795
 14,966,515 15,833,617 16,591,623 18,747,460 18,747,460 18,747,460
Class B
-
-
45,678,795
45,678,795
 19,102,408 18,071,665 17,566,442 15,650,311 15,650,311 15,650,311
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $0.29 $0.59 $1.07 $4.62 $4.62 ($0.08)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 $0.28 $0.56 $1.02 $4.44 $4.44 ($0.08)