UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________. Commission File Number: 001-40898 AvidXchange Holdings, Inc. (Exact name of registrant as specified in its charter) ...

For the quarter ended September 2024, AvidXchange Holdings, Inc. (AVDX) reported revenue of $112.77 million, up 14.3% over the same period last year. EPS came in at $0.07, compared to $0.03 in the year-ago quarter.The reported revenue represents a surprise of +1.70% over the Zacks Consensus Estimate of $110.89 million. With the consensus EPS estimate being $0.07, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Twin beats, raised revenue guidance... what wasn't to love in the company's latest set of quarterly figures?AvidXchange Holdings (AVDX 13.88%) posted its latest set of quarterly results on Wednesday before market open, and investors greeted the news warmly. They traded the stock nearly 14% higher across that trading session, a level that trounced the S&P 500 index's 2.5% advance.Explosive bottom-line growthAvidXchange's third quarter saw the fintech boost its revenue by 14% year over year; it came in at nea ...

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 - Wol ...

| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | Earnings Presentation | | | | | | Third Quarter 2024 | | | November 6, 2024 | | | --- | --- | |--------------------------------------------------------|-------| | | | | 2 2024 AvidXchange, Inc.: Proprietary & Confidential | | Q3 2024 Highlights* Total Revenue $112.8M $98.7M Q3 24 Q3 23 14.3% Q3 24 Q3 23 Non-GAAP Gross Profit Margin Total Payment Volume 74.5% 70.0% Q3 24 Q3 23 450bps 9.4% Total Transactions Processed 5.2% 20.2M 19.2M Q ...

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. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.AvidXchange, which be ...

Exhibit 99.1 > avidxchange AvidXchange Announces Third Quarter 2024 Financial Results Charlotte, N.C. – November 6, 2024 – 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. "We delivered solid third quarter 2024 results as measured by virtually every key metric. Starting with year over year revenue g ...

Q3'24 financial results highlight significant year-over-year gross margin and operating margin expansion driven by strong revenue growth, unit cost efficiencies and operating expense leverage$25.1 million of the $100 million share repurchase program executed in the third quarter of 2024Sustaining a strong balance sheet with cash and marketable securities of $394.3 million while extinguishing pre-existing term debt and establishing a new larger credit facilityStrong Q3'24 financial results drive upward revis ...

CHARLOTTE, N.C., Oct. 23, 2024 (GLOBE NEWSWIRE) -- AvidXchange, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the winners of the inaugural Change Maker Awards, recognizing individuals who have driven innovative and transformative change in the AP industry. Change Makers:For this award program, AvidXchange honors those who embodied being a “change maker,” or someone who facilitates o ...

CHARLOTTE, N.C., Oct. 17, 2024 (GLOBE NEWSWIRE) -- In today’s fast-paced business environment, more and more finance departments are beginning to turn to automation to improve efficiency and job satisfaction. As automation continues to transform the landscape of financial operations, new data suggests that accounts payable (AP) professionals with a higher degree of automation are benefiting both in their careers and lifestyles. According to a new survey conducted by the Institute of Finance and Management ( ...