Revenue during the quarter surged 37.31 percent to $28.01 million from $20.40 million in the previous year period. Gross margin for the quarter expanded 626 basis points over the previous year period to 59.86 percent. Operating margin for the quarter stood at negative 4.61 percent as compared to a negative 19.45 percent for the previous year period.

Operating loss for the quarter was $1.29 million, compared with an operating loss of $3.97 million in the previous year period.

For financial year 2017, AppFolio, Inc. projects revenue to be in the range of $136 million to $138 million .

The company has spent $13.06 million cash to meet investing activities during the year as against cash outgo of $59.37 million in the last year.

Cash flow from financing activities was $0.20 million for the year, down 99.72 percent or $72.66 million, when compared with the last year.

Cash and cash equivalents stood at $10.70 million as on Dec. 31, 2016, down 11.31 percent or $1.36 million from $12.06 million on Dec. 31, 2015.

Working capital increases marginally
AppFolio, Inc. has recorded an increase in the working capital over the last year. It stood at $10.86 million as at Dec. 31, 2016, up 2.43 percent or $0.26 million from $10.60 million on Dec. 31, 2015. Current ratio was at 1.51 as on Dec. 31, 2016, down from 1.63 on Dec. 31, 2015.

Days sales outstanding were almost stable at 4 days for the quarter, when compared with the last year period.

At the same time, days payable outstanding went down to 4 days for the quarter from 12 for the same period last year.