Expensify, Inc. (NASDAQ:EXFY) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET
Company Participants
David Barrett – Founder and Chief Executive Officer
Anuradha Muralidharan – Chief Operating Officer
Ryan Schaffer – Chief Financial Officer
Conference Call Participants
Brent Bracelin – Piper Sandler
Koji Ikeda – Bank of America
Tyler Radke – Citi
Daniel Jester – BMO
David Barrett
Hello everyone. Welcome, welcome, welcome to the Q1 2022 earnings call for Expensify. I’m David Barrett, Founder and Chief Executive Officer of Expensify. We have Ryan, our CFO; Anu, our COO. I can’t hear from tactical accounting we are here to answer other questions that you have and so let’s get started. Just a second. Let’s try this again.
Here we go. First, we're going to start with some fascinating disclaimers read by our defense here Anu.
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 available 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’s 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.
With all that, back to you David.
David Barrett
All right, so we are coming to you live from the Bank of Expensify here in Portland, our lovely office up here in the great, great north.
So first, we're going to start off just talking about a reminder of why we're all here. Basically, what is the heart to Expensify sort of secret for success? It rests on three major pillars. The first is that we believe the market size is enormous, the opportunity is huge. We think that basically, of all the companies in the world, virtually none of them do anything yet, almost every company in the world is still struggling with expense management. And we think that that all of them are going to switch to some platform, and we're gunning for it. So we think there is a huge opportunity.