Shares of Bill.com Holdings (NYSE: BILL) have gotten shellacked over the past year. The financial automation software leader has lost more than 60% of its value, even though it's growing briskly. The company believes it has a bright future due to the massive opportunity to help small and mid-size businesses (SMBs) automate their financial back-office operations with the help of artificial intelligence (AI). That recently led it to authorize a $300 million share repurchase program.

Here's a closer look at why this AI-powered company believes strongly in its long-term growth opportunity.

Bill.com's stock price and revenue have gone in opposite directions. While shares have plunged, the financial automation software company's total revenue surged 66% in its fiscal second quarter to $260 million, and core revenue (subscription and transaction fees) jumped 49% to $231.1 million. Even though the company reported a loss on a generally accepted accounting principles (GAAP) basis, it posted $49.4 million, or $0.42 per share, of non-GAAP net income. That was a massive improvement from the non-GAAP net loss of $0.2 million it posted in the year-ago quarter.

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Source Fool.com