Expensify Announces Share Repurchase Program
Expensify, Inc. (EXFY)
Company Research
Source: Business Wire
The program authorizes up to $50 million of Class A common stock to be repurchased. PORTLAND, Ore.--(BUSINESS WIRE)--Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards and bills, today announced that its Board of Directors approved a new share repurchase program with authorization to purchase up to $50 million of shares of its Class A common stock.“With the current market volatility due to macroeconomic conditions, we believe there is, and could continue to be, an attractive buying opportunity for our stock. Our positive free cash flow puts us in a good position to be able to initiate a buyback program and return value to our shareholders,” said Expensify CFO, Ryan Schaffer.The new share repurchase program is designed to return value to shareholders by offsetting dilution from stock issuances and reducing share count over time. Expensify may repurchase shares
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EXFY
News
- Expensify to Announce Q1 Results [Yahoo! Finance]Yahoo! Finance
- Expensify to Announce Q1 ResultsBusiness Wire
- Expensify, Inc. (NASDAQ: EXFY) had its price target lowered by analysts at Citigroup Inc. from $5.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Expensify, Inc. (EXFY) InvestigationAccesswire
- Expensify: A Company That Hopes To Turn The Corner In 2024 [Seeking Alpha]Seeking Alpha
EXFY
Earnings
- 2/22/24 - Beat
EXFY
Sec Filings
- 4/25/24 - Form 4
- 4/22/24 - Form 4
- 4/19/24 - Form 4
- EXFY's page on the SEC website