Expensify reports Q3 EPS (10c), consensus 8c

Reports Q3 revenue $42.5M, consensus $45.92M. "The business is doing great and we’re methodically executing our long-term strategy but the economy sucks, especially for SMBs. We have seen tons of interest in the new payroll launch, and we’re super excited about what we’ve got cooking up in the lab," said David Barrett, founder and CEO. "We stand behind our multi-year revenue guidance, with the caveat that hitting this requires the world to return to normalcy – which we think it will soon, but your guess is as good as ours, The waters are a lot choppier than anybody would like, but we believe all of the contributing factors to this volatility are temporary, so we aren’t letting them distract us. I contribute 100% of my salary to the ESPP and the company is actively buying back company stock, so we couldn’t be more bullish on the future."