AppFolio Inc. (NASDAQ:APPF) Q2 2022 Results Conference Call July 28, 2022 5:00 PM ET

Company Participants

Lori Barker - IR

Jason Randall - President, CEO

Fay Sien Goon - CFO

Operator

Good afternoon. Thank you for standing by. And welcome to AppFolio Inc.'s Second Quarter 2022 Financial Results Conference Call. Please be advised that today's conference is being recorded and a replay will be available on AppFolio Investor Relations website.

I would now like to hand the conference over to Lori Barker, Investor Relations. Ms. Barker, please go ahead.

Lori Barker

Thank you. Good afternoon, everyone. I'm Lori Barker, Investor Relations for AppFolio, and I'd like to thank you for joining us today as we report AppFolio's second quarter 2022 financial results.

With me on the call today are Jason Randall, AppFolio's President and CEO; and Fay Sien Goon, AppFolio's Chief Financial Officer. This call is being simultaneously webcast on the Investor Relations section of our website at www.appfolioinc.com.

Before we get started, I would like to remind everyone of AppFolio's safe harbor policy.

Comments made during this conference call and webcast contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to risks and uncertainties. Any statement that refers to expectations, projections or other

characterizations of future events, including financial projections, future market conditions or future product enhancements or development is a forward-looking statement.

AppFolio's actual future results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in our SEC filings. AppFolio assumes no obligation to update any such forward-looking statements, except as required by law. For greater detail about risks and uncertainties, please see our filings with the SEC, including our Form 10-K for the year ended December 31, 2021, which was filed with the SEC on February 28, 2022, as well as the company's other filings with the SEC.

With that, I'll turn the call over to Jason Randall, AppFolio's President and CEO. Jason, please

go ahead.

Jason Randall

Thank you, Lori, and welcome to everyone joining us for AppFolio's second quarter 2022 financial results. I'm pleased to report that revenue was up 32% to $117 million in the second quarter, and we now serve more than 6.8 million units. This is the first time we've added more than 1 million units on a year-over-year basis and these results reflect our continued focus on delivering a powerful property management solution and exceptional experiences to our growing base of real estate industry customers.