Expensify, Inc. (NASDAQ:EXFY) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET

Company Participants

David Barrett - Founder, President & Chief Executive Officer

Anuradha Muralidharan - Chief Operating Officer

Ryan Schaffer - Chief Financial Officer

Conference Call Participants

Koji Ikeda - Bank of America

Brent Bracelin - Piper Sandler

Daniel Jester - BMO

David Barrett

Welcome to the Q3 2022 Earnings Call for Expensify. We’re excited here, we have our new Chief Operating Officer, Ryan, Chief Financial Officer David, Founder and CEO from Technical Accounting. Before we get started Anu is going to take it away with a bunch of legalese.

Anuradha Muralidharan

Before we begin, please note that all 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 the reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

With that, back to David.

David Barrett

Thank you for that fascinating introduction. Alright, keep it real. And so that's what we do. We talk again, about our long term strategy for anyone who's been following along, this is the same thing we've been talking about during the IPO. This strategy is the same. It's designed for all market conditions. And it's the same strategy, we're working through my review how that goes.

Fundamentally, Expensify is based upon three major pillars for long term success. First, we believe the market size is enormous. We think that every business in the world has to do the functions that we do. But only a tiny, tiny fraction of them are currently doing anything. So we view the market as almost entirely untapped. And our strategy is to go after all.