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AppFolio reports 4Q loss

SANTA BARBARA, Calif. (AP) _ AppFolio Inc. (APPF) on Monday reported a loss of $1.3 million in its fourth quarter.

On a per-share basis, the Santa Barbara, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense, were less than 1 cent on a per-share basis.

The property management software maker posted revenue of $28 million in the period.

For the year, the company reported that its loss narrowed to $8.3 million, or 25 cents per share. Revenue was reported as $105.6 million.

AppFolio expects full-year revenue in the range of $136 million to $138 million.

AppFolio shares have climbed 5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $25.05, more than doubling in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPF at https://www.zacks.com/ap/APPF


Keywords: AppFolio, Earnings Report