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 Q1 2024

AvidXchange reports strong Q1 earnings, eyes market expansion and tech-driven efficiency

AVDX's Q1 2023 performance exceeded expectations, with a strong focus on expansion and profitability. The company is cautiously optimistic for the remainder of the year and is well-positioned for growth with a keen eye on market dynamics and technological advancements.

AvidXchange reports strong Q2 earnings and focuses on electronic payment adoption

AvidXchange's Q2 2023 earnings call showcased strong financial performance, a robust balance sheet, and an optimistic outlook for the year. The company is focused on achieving a Rule of 40 profile with organic 20% revenue growth and steady expansion in gross margins. While facing challenges in moderating gross margins and sales cycles, AvidXchange is leveraging opportunities in product innovation and electronic payment adoption.

AvidXchange reports strong Q3 earnings and raises 2023 guidance

AvidXchange's Q3 2023 earnings call showcased strong financial performance, a robust cash position, and raised guidance for 2023. While expressing confidence for the next year, the company refrained from giving guidance for '24 at the moment, and discussed strategic plans for transitioning Invoice Accelerator off balance sheet.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Accel Entertainment

thredUP

With inflation over the last two years diminishing the dollar's buying power, investors must focus on value more than ever. Some stocks, despite offering a piece of a high-performing company, are simply out of reach for the average retail investor.

April's Bargain Bin Beauties: 3 Cheap Stocks With Massive Potential

CHARLOTTE, N.C., April 09, 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 first quarter 2024 ended March 31, 2024, financial results will be released on Wednesday, May 8, 2024. AvidXchange will host a conference call at 10:00 AM ET on May 8, 2024, to discuss the company's financial results.

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

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See AvidXchange (AVDX) as a Buy: Should You Invest?

--Pre-IPO investors and current Board members Matthew Harris and Wendy Murdock to transition out--Tech and software business scaling executives Arthur J. Rubado and Oni Chukwu are two new additions to the Board

AvidXchange Announces Board Additions and Transitions

LiveRamp Holdings Inc

Verra Mobility Corp

The Russell 2000 Index is constituted of approximately 2,000 of America's small-cap companies. At the time of this writing, there are 1,957 holdings in the index, as some disappear due to mergers, bankruptcy, and other corporate events.

Wall Street's Favorite Russell 2000 Stocks? 3 Names That Could Make You Filthy Rich

In the closing of the recent trading day, AvidXchange Holdings, Inc. (AVDX) stood at $12.91, denoting a +1.25% change from the preceding trading day.

AvidXchange Holdings, Inc. (AVDX) Outperforms Broader Market: What You Need to Know

AvidXchange Holdings, Inc. (AVDX) closed the most recent trading day at $12.91, moving -0.15% from the previous trading session.

AvidXchange Holdings, Inc. (AVDX) Stock Drops Despite Market Gains: Important Facts to Note

AvidXchange's FY 2024 EBITDA guidance was +35% better than the sell side's earlier consensus estimate. AvidXchange aims to hit the rule of 40 benchmark next year, with expectations of an improvement in its operating profitability driven by the favorable impact of scale economies. The stock is still trading at a discount to its peers which I think is unjustified, and this translates into a Buy rating for AVDX.

AvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key Catalyst

AvidXchange Holdings, Inc. (AVDX) Q4 2023 Earnings Call Transcript

Transaction growth and solid yield expansion drive year over year fourth quarter 2023 revenue growth Yield expansion coupled with lower unit cost fuel year over year fourth quarter 2023 gross margin expansion   The aforementioned combination & opex discipline materially reduce year over year fourth quarter 2023 loss from operations Exiting 2023 with a strong balance sheet and a net cash position 2024 business outlook reflects accelerating revenue growth, continued gross margin expansion and operating leverage CHARLOTTE, N.C., Feb. 28, 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 fourth quarter ended December 31, 2023.

AvidXchange Announces Fourth Quarter 2023 Financial Results

AvidXchange's (AVDX) fourth-quarter performance is likely to have benefited from its expanding portfolio and clientele.

AvidXchange (AVDX) to Report Q4 Earnings: What to Expect

Beyond analysts' top -and-bottom-line estimates for AvidXchange Holdings, Inc. (AVDX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

AvidXchange Holdings, Inc. (AVDX) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

AvidXchange Holdings, Inc. (AVDX) reachead $12.13 at the closing of the latest trading day, reflecting a -1.14% change compared to its last close.

Here's Why AvidXchange Holdings, Inc. (AVDX) Fell More Than Broader Market

AvidXchange Holdings, Inc. (AVDX) closed at $12.24 in the latest trading session, marking a -0.24% move from the prior day.

AvidXchange Holdings, Inc. (AVDX) Registers a Bigger Fall Than the Market: Important Facts to Note

AvidXchange Holdings, Inc. (AVDX) closed at $11.28 in the latest trading session, marking a -0.35% move from the prior day.

AvidXchange Holdings, Inc. (AVDX) Falls More Steeply Than Broader Market: What Investors Need to Know

AvidXchange Holdings, Inc. (AVDX) concluded the recent trading session at $11.26, signifying a -1.57% move from its prior day's close.

AvidXchange Holdings, Inc. (AVDX) Declines More Than Market: Some Information for Investors

AvidXchange Holdings, Inc. (AVDX) closed the most recent trading day at $11.09, moving +0.64% from the previous trading session.

Why AvidXchange Holdings, Inc. (AVDX) Outpaced the Stock Market Today

CHARLOTTE, N.C., Jan. 09, 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 fourth quarter 2023 ended December 31, 2023, financial results will be released on Wednesday, February 28, 2024. AvidXchange will host a conference call at 10:00 AM ET on February 28, 2024, to discuss the company's financial results.

AvidXchange Announces Timing of Its Fourth Quarter 2023 Financial Results Conference Call and Webcast

Does AvidXchange Holdings, Inc. (AVDX) have what it takes to be a top stock pick for momentum investors? Let's find out.

AvidXchange Holdings, Inc. (AVDX) is a Great Momentum Stock: Should You Buy?

AvidXchange (AVDX) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.

AvidXchange (AVDX): Strong Industry, Solid Earnings Estimate Revisions

AvePoint

Shift4 Payments

Palantir Technologies

Only a few cloud stocks are expected to see revenue growth rates accelerate in 2024. We detail for you the four stocks set to accelerate below.

Palantir, Three Other Cloud Stocks Poised For An Acceleration In 2024

What Makes AvidXchange Holdings, Inc. (AVDX) a Strong Momentum Stock: Buy Now?

From a technical perspective, AvidXchange Holdings, Inc. (AVDX) is looking like an interesting pick, as it just reached a key level of support. AVDX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Should You Buy AvidXchange Holdings, Inc. (AVDX) After Golden Cross?

AvidXchange reported 3Q23 revenue growth of 19.7%, exceeding my expectations. AVDX's strong performance suggests it is not facing major macro headwinds and has a positive customer mix. Catalysts for future growth include the US presidential election, a partnership with AppFolio, and the rollout of Invoice Accelerator 2.0.

AvidXchange: Excellent Performance, Business On Track To >20% Growth

Industry leaders collaborate on exclusive payment embedded automation integration for CoreSelect™ CHARLOTTE, N.C., Nov. 29, 2023 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, and M3 Accounting Solutions, Inc. (“M3”), North America's #1 provider of accounting software and services, today announced a partnership to provide hotels a fully automated financial management solution.

Pay Integration for CoreSelect™ Live, AvidXchange and M3 Partnership Revolutionizes Hotel Accounting with Fully Automated Financial Management Solution

News for AvidXchange Holdings Stock (AVDX)