Expensify, Inc. (NASDAQ:EXFY) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET
Company Participants
Anuradha Muralidharan - COO & Director
Ryan Schaffer - CFO & Director
Conference Call Participants
Koji Ikeda - Bank of America Merrill Lynch
Mauro Molina - Piper Sandler & Co.
Daniel Jester - BMO Capital Markets
Eric Martinuzzi - Lake Street Capital Markets
Ryan Schaffer
Hello, everyone. Welcome to the Q4 and Fiscal Year 2022 Expensify Earnings Call. Our CEO, David Barrett, couldn't be here today, he had a personal emergency come up last minute, but the show must go on. So I'm Ryan Schaffer, Chief Financial Officer for Expensify. We also have our Chief Operating Officer, Anu on the line. We're going to be taking you through the call today.
And without further ado, we're going to hand it over to Anu, who's going to take us through the legal disclosures.
Anuradha Muralidharan
Good afternoon, everyone. So disclaimer. Before we begin, please note that all of 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. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements.
Forward-looking statements in the earnings release that we issued today, along with the comments on this call, are made only as of today and will not be updated as actual events unfold. Please refer to today's press release and our filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.
Please also note that on today's call, management will refer to certain non-GAAP financial measures. While we believe these non-GAAP financial measures provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to today's press release or the investor presentation for a reconciliation of these non-GAAP financial measures to their most comparable GAAP measures.
That out of the way, next slide, I'm very happy to be here to remind you guys about Expensify's long-term strategy and why you should believe in this company. Next slide. There are 3 secrets to our long-term success. And you've heard all this before, but it bears mention again. The first is the market is enormous and largely untapped. There are far more small businesses and far more employees that work at small businesses out there than there are enterprise companies. And most of them do not use any kind of product today for expense management, so it's largely greenfield.