Expensify, Inc. (NASDAQ:EXFY) Q4 2023 Earnings Call Transcript

Daniel Jester: Okay. And then maybe just one last one for me. Appreciate the free cash flow guidance, it’s — great to see that. I guess philosophically, how should we approach your thinking about the guidance? Like — does it assume kind of like a stable macro? Does it — like what are the fundamental pillars that underpin the guidance so we can think about your progression against that this year. Thank you.

Ryan Schaffer: So it does not rely on macro environment improving. It’s a — there’s some conservatism baked into that. But given kind of the revenue has been soft in recent quarters, I think that conservatism is warranted. But it doesn’t — that is not all wishful guidance. Like we really hope this happens. We do feel good about this number, and we don’t need some change in the world. I tout to happen, we feel pretty good about it any of those targets.

David Barrett: Yeah. It doesn’t require a bunch of things to go right for that work. That basically is like if everything stays as we plan, then it should be fine.

Daniel Jester: All right. Thanks very much.

David Barrett: Thank you.

Operator: All right. To the end of the Q&A.

Ryan Schaffer: All right. Thank you all for joining. And as David mentioned, we have opened up a public room in our new product. And we’re not going to talk about financials there for obvious reasons. But if you want to join and talk to us about the product road map, we would love to talk to you. We think this is really exciting. It’s also a great opportunity for retail investors to get access to our executive team, a product management team on a level that is not traditionally seen in public companies. So we think it’s kind of novel and exciting and we’re looking forward to talking to you all there. So thank you all for your time, and we’ll see you next quarter.

David Barrett: Thanks everyone.

Operator: Good bye.