Core Viewpoint - AvidXchange Holdings, Inc. is under investigation for potential breaches of fiduciary duty by its Board of Directors in relation to its sale to TPG, which values the company at $2.2 billion with a cash offer of $10.00 per share [1][2]. Group 1 - The investigation focuses on whether the AvidXchange Board failed to conduct a fair process and whether the sale price reflects fair value for shareholders [2]. - TPG's acquisition of AvidXchange involves purchasing all outstanding shares of the company's common stock [1].

Group 1 - AvidXchange Holdings, Inc. (AVDX) closed at $9.78, with no change from the previous day, outperforming the S&P 500's daily loss of 0.53% [1] - Over the past month, AvidXchange shares gained 0.41%, lagging behind the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% [1] Group 2 - Analysts expect AvidXchange to post earnings of $0.06 per share in the forthcoming earnings report, indicating a year-over-year growth of 20% [2] - The consensus estimate for revenue is $111.03 million, reflecting a 5.61% increase from the same quarter last year [2] Group 3 - Full-year Zacks Consensus Estimates project earnings of $0.26 per share and revenue of $454.18 million, representing year-over-year changes of 0% and +3.47%, respectively [3] Group 4 - Recent changes to analyst estimates for AvidXchange indicate a favorable outlook on the company's business health and profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows AvidXchange currently has a Zacks Rank of 2 (Buy) [6] - The consensus EPS projection has increased by 60.71% in the past 30 days [6] Group 6 - AvidXchange has a Forward P/E ratio of 37.62, which is a premium compared to the industry's average Forward P/E of 29.65 [7] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 55, placing it in the top 23% of over 250 industries [7]

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of AvidXchange Holdings, Inc. at a price of $10.00 per share, as concerns arise regarding whether shareholders are receiving adequate compensation for their shares [1][2][3]. Group 1: Buyout Details - On May 6, 2025, AvidXchange announced an agreement to be acquired by an investment group led by TPG for $10.00 per share in cash [2]. - Following the transaction's closure, AvidXchange's shares will no longer be publicly traded, effectively cashing out shareholders [2]. Group 2: Investigation Focus - The investigation aims to assess if AvidXchange's investors are receiving sufficient monetary consideration and whether the company's officers or directors breached fiduciary duties or violated securities laws in agreeing to the buyout price [3]. - At the time of the announcement, at least two stock analysts had set a price target of $15.00 per share for AvidXchange, raising questions about the fairness of the buyout price [3].

Core Insights - The survey highlights the increasing financial operational challenges faced by media and advertising agencies, particularly in cash flow management and the growing reliance on AI-driven solutions to enhance financial health [2][3][5]. Group 1: Key Drivers of Financial Health - Revenue growth (92%), data protection (91%), and fraud prevention (88%) are identified as critical factors for financial stability among agencies [3]. - Other important contributors include cash flow management, improved invoicing, talent management, and operational efficiency, reflecting the need to protect profitability in a complex financial environment [3]. Group 2: Adapting to Economic Uncertainty - Economic uncertainty has led to 35% of agencies losing clients to in-house advertising, marking a 20% increase from the previous year [4]. - Rising turnover rates, which have increased by 32% from 2024, are further straining agency teams that are already operating under tight budgets [4]. Group 3: Cash Flow Management Challenges - Despite 85% of respondents considering cash flow critical to financial health, many agencies face difficulties in managing it [5]. - In 2024, 54% of agencies reported extended payment terms from clients, and 36% anticipate ongoing cash flow disruptions, complicating expense and growth management [5]. Group 4: Role of AI and Automation - A significant 71% of agencies are currently utilizing AI in their financial operations, with 97% open to adopting new automation tools [6]. - Among those using AI, 80% have automated substantial portions of their finance functions, particularly payment processes, addressing the time-consuming issue of invoice reconciliation, which occupies 30-40% of finance leaders' time [6]. Group 5: Company Overview - AvidXchange is a leading provider of accounts payable automation, offering AI-enhanced software and payment solutions tailored for mid-market businesses and their suppliers [9]. - The company has 25 years of industry experience and has processed payments for over 1.3 million suppliers through its proprietary payment network in the last five years [9].

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 March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40898 AvidXchange Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 86-3391192 (State or other jurisdiction of incorporation or orga ...

Group 1 - Monteverde & Associates PC has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm is investigating AvidXchange Holdings, Inc. regarding its proposed merger with TPG and Corpay, which involves an acquisition price of $10.00 per share in cash [1] - The firm operates from the Empire State Building in New York City and has a successful track record in trial and appellate courts, including the U.S. Supreme Court [2][3] Group 2 - The firm emphasizes that no company, director, or officer is above the law, and encourages shareholders with concerns to reach out for additional information [3] - Monteverde & Associates PC is a national class action securities firm that litigates on behalf of shareholders [2][4]

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of AvidXchange Holdings, Inc. at a price of $10.00 per share, amid concerns that shareholders may not be receiving adequate compensation for their shares [1][3]. Group 1: Buyout Details - AvidXchange announced an agreement to be acquired by a private equity firm TPG for $10.00 per share in cash, which will result in shareholders being cashed out and the company's shares ceasing to be publicly traded [2]. - At the time of the announcement, some analysts had set a price target of $15.00 per share for AvidXchange, raising questions about the adequacy of the buyout price [3]. Group 2: Investigation Focus - The investigation aims to determine if AvidXchange's officers or directors breached their fiduciary duties or violated securities laws in agreeing to the buyout price [3]. - Shareholders are encouraged to contact Kaskela Law LLC for more information regarding their legal rights and options related to the buyout [4].

Group 1 - Halper Sadeh LLC is investigating FARO Technologies, Inc. for potential violations related to its sale to AMETEK, Inc. for $44.00 per share in cash [1] - AvidXchange Holdings, Inc. is also under investigation for its sale to TPG for $10.00 per share in cash [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - The firm represents investors globally who have experienced securities fraud and corporate misconduct, recovering millions for defrauded investors [4]

Core Insights - AvidXchange Holdings, Inc. reported revenue of $107.94 million for the quarter ended March 2025, reflecting a year-over-year increase of 2.2% but a revenue surprise of -1.64% compared to the Zacks Consensus Estimate of $109.74 million [1] - The company's EPS for the quarter was $0.05, down from $0.06 in the same quarter last year, resulting in an EPS surprise of -16.67% against the consensus estimate of $0.06 [1] Performance Metrics - AvidXchange processed 19.7 million transactions, slightly below the average estimate of 19.73 million from four analysts [4] - The total payment volume for the quarter was $20.60 billion, compared to the average estimate of $20.77 billion from four analysts [4] - The transaction yield was reported at $5.48, which is lower than the four-analyst average estimate of $5.55 [4] Stock Performance - Over the past month, AvidXchange shares have returned +13.7%, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - AvidXchange Holdings, Inc. reported quarterly earnings of $0.05 per share, missing the consensus estimate of $0.06 per share, representing a -16.67% earnings surprise [1]. Financial Performance - The company posted revenues of $107.94 million for the quarter ended March 2025, which was 1.64% below the consensus estimate and an increase from $105.6 million year-over-year [2]. - Over the last four quarters, AvidXchange has surpassed consensus EPS estimates two times and topped revenue estimates two times [2]. Stock Performance - AvidXchange shares have declined approximately 20.7% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $111.76 million, and for the current fiscal year, it is $0.26 on revenues of $457.33 million [7]. - The trend for estimate revisions ahead of the earnings release was favorable, which may influence future stock movements [6]. Industry Context - The Internet - Software industry, to which AvidXchange belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8].