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, 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) Dela ...

AvidXchange Holdings, Inc. (AVDX) reported $105.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 21.6%. EPS of $0.06 for the same period compares to -$0.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $101.33 million, representing a surprise of +4.21%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being $0.03.While investors closely watch year-over-year changes in headline numbers -- revenue a ...

Exhibit 99.1 avidxchange" AvidXchange Announces First Quarter 2024 Financial Results • Strong across-the-board year-over-year Q1'24 financial performance driven by yield expansion, transaction growth, unit cost reduction and operating expense discipline • Q1'24 operating income loss of $(4.1) million more than halved versus a loss of $(17.1) million in the comparable year-ago period • Q1'24 adjusted EBITDA up sharply to $17.7 million vs. $0.4 million in the comparable year-ago period • Sustaining a strong b ...

NEW YORK, April 18, 2024 /PRNewswire/ -- Today's Marketplace (TMP) is proud to announce a featured interview with AvidXchange CEO & Co-Founder Michael Praeger, who shares his game-changing solutions for software-enabled payments. The middle-market segment has unique problems in how they approve, manage, and actually pay their suppliers and vendors. Post this Today's Marketplace interview with AvidXchange, Inc. Co-Founder, Chairman, and CEO, Michael Preager along with the Dean of the Heider College of Bus ...

CHARLOTTE, N.C., April 09, 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 first quarter 2024 ended March 31, 2024, financial results will be released on Wednesday, May 8, 2024. AvidXchange will host a conference call at 10:00 AM ET on May 8, 2024, to discuss the company's financial results. The call will be broadcast live via web ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about AvidXchange Holdings, Inc. (AVDX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AvidXchange currently has an average brokerag ...

AvidXchange Holdings, Inc. (AVDX) closed the latest trading day at $12.91, indicating a +1.25% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 0.39%.Shares of the company have appreciated by 3.91% over the course of the past month, outperforming the Computer and Technology sector's gain of 3.42% and the S&P 500's gain of 2.97%.Analysts and investors alike will be keeping a c ...

The most recent trading session ended with AvidXchange Holdings, Inc. (AVDX) standing at $12.91, reflecting a -0.15% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.12%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.54%.Prior to today's trading, shares of the company had gained 5.64% over the past month. This has outpaced the Computer and Technology sector's loss of 0.4% and the S&P 500's gain of 2.06% in that time ...

CHARLOTTE, N.C., March 07, 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 members of the management team will participate in the Wolfe FinTech Forum 2024 in New York, NY on Wednesday, March 13, 2024 at 8:45 AM ET. A live webcast of the presentation will be available on the Events page of the AvidXchange investor relations website at ...

sanfel Elevator Pitch AvidXchange Holdings, Inc. (NASDAQ:AVDX) shares are still assigned a Buy investment rating. My prior November 10, 2023 article reviewed AvidXchange's results for the third quarter of last year. I touch on AVDX's Q4 2023 performance and FY 2024 outlook in this latest update. The company's latest quarterly EBITDA and forward-looking EBITDA guidance beat the analysts' expectations. The stock is undervalued relative to peers, and I view the expected achievement of the Rule of 40 target ...