Nucor earnings beat by $0.08, revenue fell short of estimates
Vidal Daniel, a director at Expensify , Inc. (NASDAQ:EXFY), recently sold 9,000 shares of the company’s Class A Common Stock. The shares were sold at a weighted average price of $3.15, accumulating a total transaction value of $28,350. The transaction comes as Expensify, currently valued at $284 million, trades near $3.04 per share, with InvestingPro data showing the stock has gained 69% over the past year despite recent volatility. This sale was executed under a pre-established Rule 10b5-1 trading plan, which Daniel adopted on December 27, 2024. Following this transaction, Daniel holds 232,428 shares of Expensify. The shares were sold in multiple transactions at prices ranging from $3.09 to $3.23. According to InvestingPro’s comprehensive analysis, which includes 13 additional key insights about Expensify’s financial health and market position, the company maintains a FAIR financial health score of 2.48.
In other recent news, Expensify reported its fourth-quarter 2024 financial results, revealing a net loss per share of $0.01, which did not meet the projected earnings per share of $0.07. However, the company exceeded revenue expectations with $37 million, surpassing the forecast of $36.15 million. Expensify also announced a significant improvement in free cash flow, which increased by 4,200% year-over-year, and reported zero debt, enhancing its financial stability. Additionally, Expensify has switched its auditing firm from Ernst & Young LLP to KPMG LLP for the fiscal year ending December 31, 2025, as disclosed in a recent SEC filing. This transition marks a strategic move for the company as it prepares for upcoming financial reporting. Furthermore, Expensify has launched new product initiatives, including Expensify Travel and advancements in AI, which are part of its efforts to expand its service offerings. Analysts from firms like Loop Capital and JMP have been actively engaging with the company, exploring its AI integration and future product plans. These developments reflect Expensify’s ongoing strategic initiatives and financial maneuvers aimed at strengthening its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.