| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | 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 ( ...

The most recent trading session ended with AvidXchange Holdings, Inc. (AVDX) standing at $8.41, reflecting a -0.24% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 0.28%.Coming into today, shares of the company had gained 13.31% in the past month. In that same time, the Computer and Technology sector gained 3.88%, while the S&P 500 gained 3.48%.The investment community wil ...

CHARLOTTE, N.C., Oct. 08, 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 third quarter 2024 ended September 30, 2024, financial results will be released on Wednesday, November 6, 2024. AvidXchange will host a conference call at 10:00 AM ET on November 6, 2024, to discuss the company’s financial results. The call will be broadcas ...

AvidXchange Holdings, Inc. (AVDX) closed at $8.08 in the latest trading session, marking a -0.12% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.Heading into today, shares of the company had gained 1.51% over the past month, outpacing the Computer and Technology sector's gain of 0.91% and lagging the S&P 500's gain of 1.71% in that time.Investors will be eagerly watchin ...

AvidXchange Holdings, Inc. (AVDX) ended the recent trading session at $8.09, demonstrating a +1.51% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.19%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.36%.The company's stock has climbed by 2.57% in the past month, exceeding the Computer and Technology sector's loss of 0.09% and the S&P 500's gain of 2.06%.The upcoming earnings release of AvidXchange Holdings, Inc. will be of great intere ...