diff --git a/android/app/build.gradle b/android/app/build.gradle
index 47f16a8ffb25..00a8e31a1693 100644
--- a/android/app/build.gradle
+++ b/android/app/build.gradle
@@ -152,8 +152,8 @@ android {
         minSdkVersion rootProject.ext.minSdkVersion
         targetSdkVersion rootProject.ext.targetSdkVersion
         multiDexEnabled rootProject.ext.multiDexEnabled
-        versionCode 1001017401
-        versionName "1.1.74-1"
+        versionCode 1001017402
+        versionName "1.1.74-2"
     }
     splits {
         abi {
diff --git a/ios/NewExpensify/Info.plist b/ios/NewExpensify/Info.plist
index f899560216b1..9df166c11e3e 100644
--- a/ios/NewExpensify/Info.plist
+++ b/ios/NewExpensify/Info.plist
@@ -30,7 +30,7 @@
 		</dict>
 	</array>
 	<key>CFBundleVersion</key>
-	<string>1.1.74.1</string>
+	<string>1.1.74.2</string>
 	<key>ITSAppUsesNonExemptEncryption</key>
 	<false/>
 	<key>LSApplicationQueriesSchemes</key>
diff --git a/ios/NewExpensifyTests/Info.plist b/ios/NewExpensifyTests/Info.plist
index 68c877da447a..34a9d8506fda 100644
--- a/ios/NewExpensifyTests/Info.plist
+++ b/ios/NewExpensifyTests/Info.plist
@@ -19,6 +19,6 @@
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleVersion</key>
-	<string>1.1.74.1</string>
+	<string>1.1.74.2</string>
 </dict>
 </plist>
diff --git a/package-lock.json b/package-lock.json
index 68d606205a27..8f934c5c0aa6 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "new.expensify",
-  "version": "1.1.74-1",
+  "version": "1.1.74-2",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index a4158d4000be..53bb0c75eaf2 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "new.expensify",
-  "version": "1.1.74-1",
+  "version": "1.1.74-2",
   "author": "Expensify, Inc.",
   "homepage": "https://new.expensify.com",
   "description": "New Expensify is the next generation of Expensify: a reimagination of payments based atop a foundation of chat.",
diff --git a/src/components/TextInput/BaseTextInput.js b/src/components/TextInput/BaseTextInput.js
index 6933b28fae80..fa0d076879fd 100644
--- a/src/components/TextInput/BaseTextInput.js
+++ b/src/components/TextInput/BaseTextInput.js
@@ -63,9 +63,8 @@ class BaseTextInput extends Component {
 
     componentDidUpdate() {
         // Activate or deactivate the label when value is changed programmatically from outside
-        // Only update when value prop is provided
-        const inputValue = this.props.value || this.input.value;
-        if (_.isEmpty(inputValue) || this.state.value === inputValue) {
+        const inputValue = _.isUndefined(this.props.value) ? this.input.value : this.props.value;
+        if (_.isUndefined(inputValue) || this.state.value === inputValue) {
             return;
         }