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 Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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.

CHARLOTTE, N.C., Oct. 12, 2021 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (“AvidXchange”) (Nasdaq: AVDX), a leading provider of accounts payable and payment automation solutions for the middle market, today announced the pricing of its upsized initial public offering of 26,400,000 shares of its common stock at a price to the public of $25.00 per share. Additionally, AvidXchange has granted the underwriters a 30-day option to purchase up to an additional 3,960,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds of the offering, before deducting underwriting discounts and commissions and offering expenses payable by AvidXchange, are expected to be approximately $660.0 million, excluding any exercise of the underwriters' option to purchase additional shares. All of the shares of common stock are being offered and sold by AvidXchange.

AvidXchange Announces Pricing of its Upsized Initial Public Offering

News for AvidXchange Holdings Stock (AVDX)