Expensify (EXFY) shares were up about 36% Friday after JMP Securities upgraded the stock to outperform from market perform.
Late Thursday, the company reported a Q2 net loss of $0.03 per diluted share, narrowing from a loss of $0.14 a year earlier.
Analysts polled by Capital IQ expected a loss of $0.06.
Revenue for the quarter ended June 30 declined to $33.3 million from $38.9 million a year ago. Analysts expected $34.2 million.
Price: 2.10, Change: +0.56, Percent Change: +36.04
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