Expensify Pays Down All Debt and Announces Share Repurchase [Yahoo! Finance]
Expensify, Inc. (EXFY)
Company Research
Source: Yahoo! Finance
PORTLAND, Ore., September 09, 2024 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, announced today that the company paid down the balance of its revolving line of credit ($15 million), paid off the mortgage on its headquarters in downtown Portland, OR, ($7.6 million) and repurchased 645,938 shares of its Class A common stock from its founder. The company still retains access to $24 million in a revolving line of credit if needed, but has otherwise cleared the debt from its balance sheets. Additionally, rather than refinance its mortgage which was scheduled to come due in the third quarter of 2024, the company has paid it off. The 645,938 Class A common stock shares were purchased at an average price of $2.34, reflecting the weighted average price over a three-day period ending August 27, 2024. The shares will be retired. The Co
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News
- Expensify Pays Down All Debt and Announces Share RepurchaseBusiness Wire
- Expensify, Inc. (EXFY) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- Why Expensify (EXFY) Might be Well Poised for a Surge [Yahoo! Finance]Yahoo! Finance
- Expensify, Inc. (EXFY) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Expensify, Inc. (NASDAQ: EXFY) was upgraded by analysts at JMP Securities from a "market perform" rating to an "outperform" rating. They now have a $2.50 price target on the stock.MarketBeat
EXFY
Earnings
- 8/8/24 - Miss
EXFY
Sec Filings
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- 9/19/24 - Form 4
- EXFY's page on the SEC website