AvidXchange Holdings

AvidXchange Holdings, Inc. engages in the provision of accounts payable (AP) automation software and payment solutions. Its cloud-based, software and payment platform digitizes and automates the AP workflows for middle market businesses and their suppliers. The firm provides solutions and services throughout North America spanning multiple industries including real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media. Its business roots back to the year 2000, when AvidXchange, Inc. was founded. The company was formed on January 27, 2021 as a holding company and is headquartered in Charlotte, NC.

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

AvidXchange reports strong Q4 performance, eyes automation for future growth

AvidXchange Holdings delivered a strong performance in Q4 2022, showcasing talent elevation, product advancements, and revenue growth, positioning for EBITDA profitability in 2023.
While facing challenges from macro pressures and pricing strategies, the company focuses on managing expenses, driving automation, and leveraging growth opportunities for future success.
With a strategic approach to balancing strengths, challenges, and opportunities, AvidXchange aims to navigate market dynamics, drive revenue growth, and enhance profitability in the coming years.
Investors can expect continued innovation, customer growth, and financial improvements as AvidXchange positions itself for long-term success in the automation software market.

AvidXchange reports first adjusted EBITDA profit post-IPO, raises 2023 outlook

AvidXchange's Q1 2023 performance exceeded expectations, showcasing strong revenue growth, improved gross margins, and operational efficiency, setting a positive tone for future profitability and expansion.
The company's strategic strengths in market resiliency, payment monetization, and partnership pace, coupled with new vertical entries and product enhancements, position them for sustained growth and market leadership.
While facing macroeconomic uncertainties and revenue management challenges, AvidXchange remains optimistic, leveraging opportunities in payment innovation, market expansion, and AI technology to drive future success and profitability.

AvidXchange exceeds Q2 targets, eyes growth in electronic payments

AvidXchange's Q2 performance reflects consistent growth and profitability, driven by strategic focus on innovation, customer expansion, and financial targets.

AvidXchange posts strong Q3 results, eyes growth through strategic partnerships

AvidXchange's Q3 performance reflects robust revenue growth, profitability, and strategic focus on middle market customers, underpinning the company's strong market position and growth potential.
While facing challenges in a volatile business environment and transitioning key operations, AvidXchange remains optimistic about future opportunities driven by innovative partnerships and growth strategies.
With a clear vision for sustained growth, market differentiation, and financial strength, AvidXchange aims to solidify its position as a leading player in the electronic payment landscape, leveraging strategic initiatives and core competencies.

AvidXchange exceeds Q4 expectations, eyes revenue growth and innovation

AvidXchange Holdings delivered strong financial results in Q4 2023, showcasing revenue growth, margin expansion, and operational efficiency. The company's focus on customer engagement, innovation, and strategic investments positions them well for future growth. With a solid balance sheet and optimistic outlook for 2024 revenue, AvidXchange is poised for continued success.

AvidXchange exceeds Q1 revenue, eyes growth amid margin challenges

AvidXchange Holdings delivered a robust performance in Q1 2024, marked by strong revenue growth, improved margins, and disciplined expense management.
Despite challenges such as potential margin pressure and revenue volatility, the company remains optimistic about growth prospects and strategic partnerships.
With a focus on operational excellence and customer engagement, AvidXchange is well-positioned to capitalize on opportunities in product innovation and market expansion.
Overall, AvidXchange's financial performance reflects resilience amid macroeconomic uncertainties, underpinned by a commitment to driving growth through strategic initiatives.

AvidXchange reports record Q2 earnings, optimistic about future growth

AvidXchange delivered strong financial results in Q2 2024, achieving its first-ever GAAP net income and exceeding revenue expectations. The company's focus on disciplined execution, strategic partnerships, and operational efficiency drove growth and profitability. Despite macroeconomic challenges and concerns about supply chain disruptions, AvidXchange remains optimistic about its future growth trajectory.
The company's performance in the software segment was robust, with a 20% growth in subscription revenue and successful cost-saving initiatives. Non-GAAP gross margins exceeded expectations, reaching 72.6%, showcasing the company's financial strength. AvidXchange's emphasis on innovation and transformational value proposition underlines its resilience and strategic focus.
While challenges like potential supply chain disruptions were acknowledged, AvidXchange remains focused on driving growth through operational rigor and strategic partnerships. The company's positive outlook, successful financial performance, and strong operational efficiencies position it well for future opportunities. AvidXchange's commitment to disciplined execution and growth initiatives highlights its potential for continued success.

AvidXchange excels in Q3, eyes growth through strategic partnerships

AvidXchange's Q3 performance reflects strong financial health and strategic growth initiatives in the B2B payments automation market.
While facing challenges like limited cross-border demand, the company is well-positioned to leverage opportunities in domestic markets and product innovation.
Investors can anticipate continued value creation driven by bank partnerships and a focus on sustained growth in future quarters.

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AvidXchange Holdings, Inc. engages in the provision of accounts payable automation software and payment solutions. Its cloud-based software and payment platform digitizes and automates the AP workflows for middle market businesses and their suppliers. The firm provides solutions and services throughout North America spanning multiple industries including real estate, homeowner's associations, construction, financial services, healthcare facilities, social services, education, and media. The company was founded by Michael S. Praeger in 2000 and is headquartered in Charlotte, NC.

The headline numbers for AvidXchange (AVDX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

AvidXchange (AVDX) Reports Q3 Earnings: What Key Metrics Have to Say

Why AvidXchange Holdings Stock Triumphed Today

AvidXchange Holdings, Inc. (NASDAQ:AVDX ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Mike Praeger - Co-Founder & Chief Executive Officer Joel Wilhite - Chief Financial Officer Subhaash Kumar - Head, Investor Relations Conference Call Participants Dave Koning - Baird Will Nance - Goldman Sachs Ramsey El-Assal - Barclays Sanjay Sakhrani - KBW Andrew Bauch - Wells Fargo Bryan Keane - Deutsche Bank Craig Maurer - FT Partners Jamie Friedman - Susquehanna Darrin Peller - Wolfe Research Dominick Gabriele - Compass Point James Faucette - Morgan Stanley Tien-Tsin Huang - JPMorgan Rufus Hone - BMO Capital Markets Alex Markgraff - KeyBanc Capital Markets Timothy Chiodo - UBS Operator Good morning, everyone, and thank you for joining us for the AvidXchange Holdings, Inc. Third Quarter 2024 Earnings Call. Joining us on the call today is Mike Praeger, AvidXchange Co-Founder and Chief Executive Officer; Joel Wilhite, AvidXchange's Chief Financial Officer; and Subhaash Kumar, AvidXchange's Head of Investor Relations.

AvidXchange Holdings, Inc. (AVDX) Q3 2024 Earnings Call Transcript

AvidXchange Holdings, Inc. (AVDX) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago.

AvidXchange Holdings, Inc. (AVDX) Matches Q3 Earnings Estimates

CHARLOTTE, N.C., Nov. 06, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the third quarter ended September 30, 2024.

AvidXchange Announces Third Quarter 2024 Financial Results

Get a deeper insight into the potential performance of AvidXchange (AVDX) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of AvidXchange (AVDX) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

AvidXchange Holdings, Inc. (AVDX) closed the most recent trading day at $8.38, moving -0.36% from the previous trading session.

AvidXchange Holdings, Inc. (AVDX) Stock Declines While Market Improves: Some Information for Investors

In the closing of the recent trading day, AvidXchange Holdings, Inc. (AVDX) stood at $8.17, denoting a -1.09% change from the preceding trading day.

AvidXchange Holdings, Inc. (AVDX) Stock Sinks As Market Gains: Here's Why

AvidXchange announces winners of the inaugural Change Maker Awards. The 2024 honorees feature six innovative accounts payable professionals driving change.

AvidXchange Announces Winners of the Inaugural Change Maker Awards

Survey: AP automation boosts career satisfaction, growth, and work/life balance, according to AvidXchange and IOFM's findings from 500+ AP professionals.

Automation Drives Higher Career Satisfaction for Accounts Payable Professionals, New Survey Reveals

AvidXchange Holdings, Inc. (AVDX) closed at $7.75 in the latest trading session, marking a +1.17% move from the prior day.

AvidXchange Holdings, Inc. (AVDX) Exceeds Market Returns: Some Facts to Consider

CHARLOTTE, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its third quarter 2024 ended September 30, 2024, financial results will be released on Wednesday, November 6, 2024. AvidXchange will host a conference call at 10:00 AM ET on November 6, 2024, to discuss the company's financial results.

AvidXchange Announces Timing of Its Third Quarter 2024 Financial Results Conference Call and Webcast

The latest trading day saw AvidXchange Holdings, Inc. (AVDX) settling at $8.09, representing a +1.51% change from its previous close.

Why the Market Dipped But AvidXchange Holdings, Inc. (AVDX) Gained Today

CHARLOTTE, N.C., Sept. 17, 2024 (GLOBE NEWSWIRE) -- AvidXchange, Inc., a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the results of their 2025 Trends Survey, highlighting the top priorities and concerns of finance leaders looking ahead to the new year.

AvidXchange 2025 Trends Survey Reveals Finance Leaders' Top Priorities

NEW YORK, NY / ACCESSWIRE / September 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

AvidXchange Being Investigated on Behalf of AvidXchange Holdings, Inc. Investors. Contact Levi & Korsinsky For Details

NEW YORK, NY / ACCESSWIRE / September 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

Investors who lost money on AvidXchange Holdings, Inc. should contact Levi & Korsinsky about an ongoing investigation - AVDX

NEW YORK, NY / ACCESSWIRE / September 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

AVDX ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by AvidXchange Holdings, Inc.

NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

AvidXchange Holdings, Inc. (AVDX) Shareholders May Have Been Affected by Fraud- Levi & Korsinsky Investigates

NEW YORK, NY / ACCESSWIRE / September 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

Shareholder Rights Advocates at Levi & Korsinsky Investigate AvidXchange Holdings, Inc. (AVDX) Regarding Possible Securities Fraud Violations

NEW YORK, NY / ACCESSWIRE / September 7, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

AvidXchange Holdings, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details- AVDX

NEW YORK, NY / ACCESSWIRE / September 7, 2024 / Pomerantz LLP is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or the "Company") (NASDAQ:AVDX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AvidXchange Holdings, Inc. - AVDX

NEW YORK, NY / ACCESSWIRE / September 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

AvidXchange Holdings, Inc. (AVDX) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights

NEW YORK, NY / ACCESSWIRE / September 4, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

Lost Money on AvidXchange Holdings, Inc.(AVDX)? You May Have Been Affected by Fraud- Contact Levi & Korsinsky

NEW YORK, NY / ACCESSWIRE / August 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00. Then, on July 31, 2024, AvidXchange issued a press release announcing its financial results for the second quarter of 2024.

AvidXchange Holdings, Inc. INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by AvidXchange (AVDX)

NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering ("IPO") on or around October 12, 2021, selling 26.4 million shares priced at $25.00.

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