Appfolio, Inc. (NASDAQ:APPF) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET

Company Participants

Lori Barker - Investor Relations

Jason Randall - President, CEO & Director

Fay Sien Goon - CFO & Principal Accounting Officer

Conference Call Participants

Operator

Good evening. Thank you for attending today's AppFolio Inc.'s First Quarter 2022 Financial Results Conference Call. My name is Erin, and I will be your moderator for today's call.

I would now like to pass the conference over to our host, Lori Barker, Investor Relations. Thank you, Lori. You may proceed.

Lori Barker

Thank you, Aaron. 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 first 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 they are subject to risks and uncertainties. In statement that refers to expectations, projections or other characterizations of future events, including financial perfections, 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 first quarter 2020 financial results. I'm pleased to report that revenue was up 33% to $105.3 million in the first quarter. Reaching this scale is a key milestone for AppFolio and would like to thank our employees for their customer-focused innovation and dedication. Together, our team has built a powerful property management solution and continue to address the growing needs of our customers across more than 6.57 million units. In 2022, we are focused on growing our customer base and increasing revenue per unit served as we continue our multiyear investments to further develop our core platform, deliver additional value-added services and make all of our products even easier to use.