AppFolio shares drop after report of Q1 losses
IN THIS ARTICLE
- Banking & Finance Topic
- Jorge Mercado Author
By Jorge Mercado Tuesday, May 10th, 2022
AppFolio reported revenue growth for the first quarter of 2022 compared to a year ago, but its losses grew as well as the Goleta-based property management software company spent more in nearly every expense category. AppFolio, which released its earnings after the markets closed May 9, saw revenue increase 33% year-over-year to reach $105.3 million…