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 2023

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CHARLOTTE, N.C., Sept. 01, 2023 (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 members of the management team will participate in the following investor conferences:

AvidXchange to Participate in Upcoming Investor Conferences

AvidXchange Holdings, Inc. (NASDAQ:AVDX ) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Mike Praeger - Co-Founder & CEO Joel Wilhite - CFO Subhaash Kumar - Head, IR Conference Call Participants Jamie Friedman - Susquehanna Dave Koning - Baird Will Nance - Goldman Sachs Ramsey El-Assal - Barclays Craig Maurer - FT Partners James Fawcett - Morgan Stanley Tien-Tsin Huang - J.P. Morgan Darrin Peller - Wolfe Research Alex Markgraff - KeyBanc Capital Markets Brent Bracelin - Piper Sandler Bryan Keane - Deutsche Bank Timothy Chiodo - Credit Suisse Operator Good morning, everyone, and thank you for joining us for the AvidXchange Holdings, Inc.'s Second Quarter 2023 Earnings Call.

AvidXchange Holdings, Inc. (AVDX) Q2 2023 Earnings Call Transcript

AvidXchange Holdings, Inc. (AVDX) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.07 per share a year ago.

AvidXchange Holdings, Inc. (AVDX) Reports Break-Even Earnings for Q2

CHARLOTTE, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that John Feldman has been elevated to the role of Chief Operating Officer of AvidXchange, Inc. Feldman will continue to oversee the transformation of the company's service and fulfillment operations around standardization, sourcing and automation. Additionally, Doug Anderson has joined AvidXchange, Inc. as Chief Product Officer to lead the company's product strategy and innovation.

AvidXchange Names John Feldman Chief Operating Officer, Appoints Doug Anderson as Chief Product Officer

--Strong Q2'23 year over year (Y-O-Y) revenue growth, yield and unit cost-driven gross margin expansion and operating leverage fuel strong financial performance

AvidXchange Announces Second Quarter 2023 Financial Results

AvidXchange's (AVDX) second-quarter earnings are expected to have benefited from a strong product portfolio and an expanding partner base.

AvidXchange (AVDX) to Report Q2 Earnings: What to Expect

AvidXchange Holdings, Inc. (AVDX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

AvidXchange Holdings, Inc. (AVDX) Upgraded to Strong Buy: What Does It Mean for the Stock?

CHARLOTTE, N.C., July 17, 2023 (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 second quarter 2023 ended June 30, 2023, financial results will be released on Wednesday, August 2, 2023. AvidXchange will host a conference call at 10:00 AM ET on August 2, 2023, to discuss the company's financial results.

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

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CHARLOTTE, N.C., June 14, 2023 (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 released its 2022 Environmental, Social and Governance (ESG) Report. This report highlights the company's commitments to ESG, how these commitments tie back to the company's core business and how the company delivers value to its stakeholders.

AvidXchange Releases Annual ESG Report

CHARLOTTE, N.C., June 09, 2023 (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 members of the management team will participate in the Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, 2023. The presentation is scheduled to begin at 1:45 PM ET.

AvidXchange to Participate in Morgan Stanley US Financials, Payments & CRE Conference

AvidXchange Holdings is a dominant player in the middle-market B2B payments sector. AvidXchange's competitive advantage lies in its extensive network of over 220 integrations with accounting/ERP systems, which has been built over a period of two decades. I have a price target of $13 on the stock.

AvidXchange: Leader In The Middle-Market B2B Automation Space

AvidXchange has added a Lien Waiver Management feature for the construction industry. This new feature has been added to the company's TimberScan purchase-to-pay platform and associates the release of funds with the receipt and inspection of the lien waiver, AvidXchange said in a Thursday (June 1) press release.

AvidXchange Adds Lien Waiver Management Feature for Construction Industry

CHARLOTTE, N.C., June 01, 2023 (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 Lien Waiver Management for TimberScan, a premium feature embedded in AvidXchange's full purchase-to-pay solution with a seamless Sage 300 CRE integration. With Lien Waiver Management, construction industry professionals are offered an improved payment process by associating the release of funds with the receipt and inspection of the lien waiver, ultimately reducing construction project delays. Lien Waiver Management supports all four lien waiver types including, Partial Conditional, Partial Unconditional, Final Conditional and Final Unconditional within the TimberScan platform.

AvidXchange Automates Lien Waiver Management, Improves Payment Process in Leading Purchase-to-Pay Solution TimberScan

Rover Group

Today we dive into a pocket of the stock market that many investors like to own as part of diversified portfolios: cheap stocks trading for $10 a share or less. Along with the cheap price tag, the stocks we explore today boast high Zacks Ranks given their improving earnings outlooks.

Hunting for the Best Cheap Stocks to Buy in June? Here's How to Start

DULUTH, Ga. , May 11, 2023 /PRNewswire/ -- CINC Systems ("CINC"), the largest cloud-based software company serving the community association management industry, today announced the launch of VendorPay, the first fully integrated accounts payable (AP) solution in the industry that automates the vendor payment process.

CINC Leverages the Power of AvidXchange's AvidPay Network, Launches Leading and Integrated AP Solution VendorPay

The mean of analysts' price targets for AvidXchange Holdings, Inc. (AVDX) points to a 26.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does AvidXchange Holdings, Inc. (AVDX) Have the Potential to Rally 26.34% as Wall Street Analysts Expect?

AvidXchange Holdings, Inc. (NASDAQ:AVDX ) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Subhaash Kumar - Head of Investor Relations Mike Praeger - Co-Founder and Chief Executive Officer Joel Wilhite - Chief Financial Officer Conference Call Participants Dave Koning - Robert W. Baird Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Josh Beck - KeyBanc Capital Markets Craig Maurer - FT Partners Brian Kean - Deutsche Bank Timothy Fung - J.P.

AvidXchange Holdings, Inc. (AVDX) Q1 2023 Earnings Call Transcript

Hackers have published a trove of sensitive data stolen from payment software company AvidXchange after the company fell victim to ransomware for the second time this year. AvidXchange provides cloud-based software that helps organizations automate invoice processing and payment management processes.

Payment software giant AvidXchange suffers its second ransomware attack of 2023

AvidXchange Holdings, Inc. (AVDX) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.08 per share a year ago.

AvidXchange Holdings, Inc. (AVDX) Reports Q1 Loss, Tops Revenue Estimates

--First quarter 2023 year-over-year financial results swing to adjusted EBITDA profit on higher revenue growth, payment monetization, operational efficiencies and expense leverage

AvidXchange Announces First Quarter 2023 Financial Results

CHARLOTTE, N.C., April 17, 2023 (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 2023 ended March 31, 2023, financial results will be released on Wednesday, May 3, 2023. AvidXchange will host a conference call at 10:00 AM ET on May 3, 2023, to discuss the company's financial results.

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

AvidXchange Holdings, Inc. (AVDX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -28.92% in 4 Weeks, Here's Why You Should You Buy the Dip in AvidXchange Holdings, Inc. (AVDX)

CHARLOTTE, N.C., March 08, 2023 (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 members of the management team will participate in the Wolfe Research FinTech Forum in New York, NY on Wednesday, March 15, 2023 at 8:00 AM ET.

AvidXchange to Participate in Wolfe Research FinTech Forum

Payments solutions company AvidXchange has a new solution for credit unions. The company has begun a referral partnership with KeyStone by Corelation, according to a Tuesday (March 7) press release.

News for AvidXchange Holdings Stock (AVDX)