Company profile

Ticker
APPF
Exchange
CEO
Jason Randall
Employees
Location
Fiscal year end
SEC CIK

APPF stock data

(
)

Calendar

3 Aug 20
10 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 81.04M 72.5M 67.36M 67.94M
Net income 19.26M 1.98M 4.43M 4.98M
Diluted EPS 0.54 0.06 0.12 0.14
Net profit margin 23.76% 2.74% 6.57% 7.33%
Operating income 6.35M 2.83M 89K 4.13M
Net change in cash -3.46M 40.97M -4.31M 607K
Cash on hand 53.32M 56.78M 15.81M 20.12M
Cost of revenue 27.41M 28.96M 26.4M 25.93M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 256.01M 190.07M 143.8M 105.59M
Net income 36.28M 19.97M 9.72M -8.28M
Diluted EPS 1.02 0.56 0.28 -0.25
Net profit margin 14.17% 10.51% 6.76% -7.84%
Operating income 6.46M 19.66M 9.34M -8.42M
Net change in cash -58.26M 57.97M 5.41M -1.36M
Cash on hand 15.81M 74.08M 16.11M 10.7M
Cost of revenue 101.64M 73.55M 55.28M 44.63M

Financial data from AppFolio earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 162.24 98 15.9K 0
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 161.4872 481 77.68K 98
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 160.534 500 80.27K 579
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 158.9162 517 82.16K 1,079
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 157.8641 492 77.67K 1,596
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 156.6853 212 33.22K 2,088
5 Aug 20 Kane Ida Kathleen Class A Common Stock Sell Dispose S Yes 155.065 200 31.01K 2,300
5 Aug 20 Kane Ida Kathleen Class A Common Stock Conversion Aquire C No 0 2,500 0 2,500
5 Aug 20 Kane Ida Kathleen Class B Common Stock Class A Common Stock Conversion Dispose C No 0 2,500 0 14,436
30 Jul 20 Kerr Janet Class A Common Stock Sell Dispose S Yes 139.3402 500 69.67K 17,759
77.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 143 131 +9.2%
Opened positions 36 25 +44.0%
Closed positions 24 26 -7.7%
Increased positions 42 48 -12.5%
Reduced positions 47 31 +51.6%
13F shares
Current Prev Q Change
Total value 1.43B 1.35B +6.6%
Total shares 12.93M 12.16M +6.3%
Total puts 14.3K 24.5K -41.6%
Total calls 96.7K 97.6K -0.9%
Total put/call ratio 0.1 0.3 -41.1%
Largest owners
Shares Value Change
Brown Capital Management 1.82M $201.55M +11.8%
Ashe Capital Management 1.79M $198.8M +9.9%
Vanguard 1.52M $169.1M +2.5%
BLK BlackRock 1.1M $122.07M -1.1%
Capital Research Global Investors 951.54K $105.57M -1.3%
Oberndorf William E 943.84K $104.72M -2.0%
Gilder Gagnon Howe & Co 478.3K $53.07M -1.0%
STT State Street 337.32K $37.43M -0.5%
Echo Street Capital Management 301.57K $33.46M NEW
Dimensional Fund Advisors 287.53K $31.9M +1.5%
Largest transactions
Shares Bought/sold Change
Echo Street Capital Management 301.57K +301.57K NEW
Brown Advisory 0 -192.32K EXIT
Brown Capital Management 1.82M +192.1K +11.8%
Ashe Capital Management 1.79M +161.18K +9.9%
Diker Management 93.54K +93.54K NEW
Gobi Capital 89.59K +89.59K NEW
Ranger Investment Management 115.86K -44.65K -27.8%
MS Morgan Stanley 183.92K +40.36K +28.1%
Granite Investment Partners 216.11K -39.58K -15.5%
Vanguard 1.52M +37.79K +2.5%

Financial report summary

?
Risks
  • We manage our business towards the achievement of long-term growth, which may not be consistent with the short-term expectations of some investors.
  • If we fail to manage our growth effectively, it could adversely affect our operating results and preclude us from achieving our strategic objectives.
  • We have a limited operating history and limited experience selling our solutions. We expect to make substantial investments across our organization to grow our business and, as a result, we expect our financial results may fluctuate significantly from period to period and we may not sustain profitability.
  • Our quarterly results may fluctuate significantly and period-to-period comparisons of our results may not be meaningful.
  • We may require additional capital to support our operations or the growth of our business, and we cannot be certain that this capital will be available on favorable terms, or at all, which may adversely affect our business and financial condition.
  • Our estimates of market opportunity are subject to significant uncertainty and, even if the markets in which we compete meet or exceed our size estimates, we could fail to increase our revenue or market share.
  • We have acquired, and may in the future acquire, other companies or technologies, which could divert our management’s attention, result in additional dilution to our stockholders and otherwise disrupt our operations.
  • Security vulnerabilities in our software solutions or a breach of our security controls could result in the loss, theft, misuse, unauthorized disclosure, or unauthorized access to customer or employee data, or other confidential and sensitive information, which could harm our relationships with customers or employees, expose us to litigation or regulatory proceedings, or harm our reputation, any of which could negatively impact our business and operating results.
  • Service outages due to malicious activities or performance problems associated with our technology infrastructure could harm our reputation, adversely affect our ability to attract new customers and cause us to lose existing customers.
  • Errors, defects or other disruptions in our software solutions could harm our reputation, cause us to lose customers, and result in significant expenditures to correct the problem.
  • Government regulation is evolving and unfavorable changes could adversely affect our operating results, subject us to litigation or governmental investigation, or otherwise harm our business.
  • Privacy and data security laws and regulations could impose additional costs on us and reduce the demand for our software solutions.
  • We face a number of risks in our electronic payment services business that could adversely affect our business or operating results.
  • Evolution and expansion of our electronic payment services may subject us to additional risks and regulatory requirements.
  • We face a number of risks in our tenant screening services business that could adversely affect our business or operating results.
  • We use third-party service providers for important electronic payment and tenant screening services, and their failure to fulfill their contractual obligations could harm our reputation, disrupt our business and adversely affect our operating results.
  • Our corporate culture has contributed to our success and, if we cannot continue to foster this culture as we grow, we could lose the passion, creativity, teamwork, focus and innovation fostered by our culture.
  • If we lose key members of our management team, our business may be harmed.
  • We depend on highly skilled personnel and, if we are unable to retain or hire additional qualified personnel, we may not be able to achieve our strategic objectives.
  • The markets in which we participate are intensely competitive and, if we do not compete effectively, our business could be harmed.
  • Business management software for small and medium-sized businesses ("SMBs") is a relatively new and developing market and, if the market is smaller than we estimate or develops more slowly than we expect, our operating results could be adversely affected.
  • If we are unable to introduce successful enhancements, including new and innovative core functionality and/or Value+ services, or new products for adjacent markets or additional verticals, our operating results could be adversely affected.
  • Our business depends substantially on existing customers renewing their subscriptions with us and expanding their use of our Value+ services, and a decline in customer renewal rates, or failure to convince existing customers to adopt and utilize our Value+ services, could adversely impact our operating results.
  • Pricing pressure may cause us to change our pricing model, which could hurt our renewal rates and our ability to attract new customers, as well as our ability to increase adoption and usage of our Value+ services, which could adversely affect our operating results.
  • We expect to continue to derive a significant portion of our revenue from our real estate customers, and factors resulting in a loss of these customers could adversely affect our operating results.
  • If we are unable to increase sales of our software solutions to larger customers while mitigating the risks associated with serving such customers, our business and operating results may suffer.
  • Our growth depends in part on the success of our strategic relationships with third parties, and if we are unsuccessful in establishing or maintaining these relationships, our ability to compete in our targeted markets or grow our revenue could be impaired.
  • We depend on data centers and computing infrastructure operated by third parties and any disruption in these operations could adversely affect our operating results.
  • Our platform must integrate with a variety of devices, operating systems and browsers that are developed by others, and if we are unable to ensure that our software solutions interoperate with such devices, operating systems and browsers, our software solutions may become less competitive, and our operating results may be harmed.
  • If our property management customers stop requiring residents to provide proof of legal liability to landlord insurance, if insurance premiums decline or if insureds experience greater than expected losses, our operating results could be harmed.
  • Our insurance business is subject to state governmental regulation, which could limit the growth of our insurance business and impose additional costs on us.
  • If we are unable to enter new verticals, or if our software solution for any new vertical fails to achieve market acceptance, our operating results could be adversely affected and we may be required to reconsider our growth strategy.
  • All of our revenues are generated by sales to customers in our targeted verticals, and factors that adversely affect the applicable industry could also adversely affect us.
  • If we are unable to deliver effective customer service, it could harm our relationships with our existing customers and adversely affect our ability to attract new customers.
  • Our software solutions address functions within the heavily regulated real estate and legal markets, and our customers’ failure to comply with applicable laws and regulations could subject us to litigation.
  • If we are unable to maintain and promote our brands, or to do so in a cost-effective manner, our ability to maintain and expand our customer base will be impaired, and our operating results could be adversely affected.
  • Failure to protect our intellectual property rights could impair our ability to protect our proprietary technology and our brands, which could harm our business.
  • We may be sued by third parties for alleged infringement of their proprietary rights, which could cause us to incur significant expenses and require us to pay substantial damages.
  • We have incurred and expect to continue to incur significant costs as a result of operating as a public company, and our management is required to devote substantial time to compliance with legal requirements and corporate governance initiatives.
  • Because we recognize revenue from subscriptions for our software solutions over the term of each subscription agreement, downturns or upturns in new business may not be immediately reflected in our operating results.
  • Our software solutions contain both third-party and open source software, which may pose risks to our proprietary source code and/or introduce security vulnerabilities, and could have a negative impact on our business and operating results.
  • There are risks associated with our outstanding and future indebtedness that could adversely affect our financial condition.
  • Financing agreements that we are party to or may become party to may contain operating and financial covenants that restrict our business and financing activities. Failure to comply with these covenants, or other restrictions, could result in default under these agreements.
  • Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
  • Tax laws or regulations could be enacted or changed and existing tax laws or regulations could be applied to us or to our customers in a manner that could increase the costs of our software solutions and adversely impact our operating results.
  • Because our long-term growth strategy involves expansion of our sales to customers outside the United States, our business will be susceptible to the risks associated with international operations.
  • The market price of our Class A common stock may be volatile or may decline regardless of our operating performance, which could result in substantial losses for our stockholders.
  • The dual class structure of our common stock has the effect of concentrating voting control with a limited number of stockholders, including our executive officers, directors and principal stockholders, which will limit your ability to influence corporate matters.
  • We cannot predict the impact that our capital structure may have on our stock price.
  • Share repurchases could increase the volatility of the trading price of our common stock and diminish our cash reserves, and we cannot guarantee that our share repurchase program will enhance long-term stockholder value.
  • Anti-takeover provisions contained in our amended and restated certificate of incorporation and amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
  • Future sales of shares of our Class A common stock, or the perception that these sales could occur, could depress the market price of our Class A common stock.
  • If securities or industry analysts do not publish or cease publishing research or reports about us, our business, our market or our competitors, or if they adversely change their recommendations regarding our Class A common stock, the market price and trading volume of our Class A common stock could decline.
  • We do not expect to declare any dividends in the foreseeable future.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Good
New words: calendar, cellular, coupled, currency, disagreement, distance, encouraged, hard, heart, infection, learning, morale, notably, persisted, prompted, protracted, routinely, safe, valuable, welfare, workplace, younger
Removed: attributed, desist, EBITDA, feel, funded, payout, ROU