AvidXchange Holdings, Inc. (AVDX) closed the latest trading day at $10.83, indicating a +0.09% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. Elsewhere, the Dow saw a downswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.12%.Heading into today, shares of the company had lost 4.08% over the past month, lagging the Computer and Technology sector's loss of 2.27% and the S&P 500's gain of 4.15% in that time.The investment community ...

Company Overview - AvidXchange Holdings, Inc. is a leading provider of accounts payable (AP) automation software and payment solutions specifically designed for middle market businesses and their suppliers [3] - The company offers a software-as-a-service-based, end-to-end platform that digitizes and automates AP workflows for over 8,000 businesses [3] - AvidXchange has facilitated payments to more than 1,200,000 supplier customers over the past five years [3] Upcoming Investor Conferences - AvidXchange management will participate in the Baird 2024 Global Consumer, Technology & Services Conference on June 6, 2024, starting at 12:15 PM ET [1] - The company will also present at the Morgan Stanley US Financials, Payments & CRE Conference on June 10, 2024, beginning at 10:15 AM ET [1] - Additionally, AvidXchange will take part in the BMO Virtual Software Conference on June 11, 2024, scheduled to start at 10:00 AM ET [1] Webcast Information - A live webcast of the Morgan Stanley conference presentation will be available on AvidXchange's investor relations website [2] - Replays of the webcasts for both the Morgan Stanley and BMO conferences will be accessible for a limited time [2]

CHARLOTTE, N.C., May 23, 2024 (GLOBE NEWSWIRE) -- AvidXchange (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a strategic partnership with MIP Fund Accounting by Community Brands ("MIP") in combination with a new invoice-to-pay application programming interface (API) integration. This partnership grants MIP – a leading cloud-based, SaaS fund accounting solution purpose-built for nonprofits and go ...

CHARLOTTE, N.C., May 23, 2024 (GLOBE NEWSWIRE) -- AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced a strategic partnership with MIP Fund Accounting by Community Brands (“MIP”) in combination with a new invoice-to-pay application programming interface (API) integration. This partnership grants MIP – a leading cloud-based, SaaS fund accounting solution purpose-built for nonprofits and g ...

What an incredible breakout for the market in recent weeks. It seems like there is just no stopping us, despite the constant threat of global conflict, raging inflationary pressure, and increasingly hawkish central banks around the world. It may feel like no matter what stock you decide to invest in, it’s going to turn out alright.  A word of caution though. Eventually, earnings are going to matter, especially when the market reels in a bit.One way of finding stocks with the best earnings trends is by check ...

CHARLOTTE, N.C., May 13, 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 following investor conferences: Barclays 14th Annual Emerging Payments and FinTech Forum on Thursday, May 16, 2024. The presentation is scheduled to begin at 1:50 PM ET.J.P. Morgan 52nd Annual Global Technolo ...

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Subhaash Kumar - Head, Investor Relations Michael Praeger - Co-Founder and Chief Executive Officer Joel Wilhite - Chief Financial Officer Conference Call Participants Dave Koning - Baird Darrin Peller - Wolfe Research Sanjay Sakhrani - KBW Craig Maurer - FT Partners Andrew Bauch - Wells Fargo Bryan Keane - Deutsche Bank Ramsey El-Assal - Barclays Tien-tsin Wang - JPMorgan James Faucette - M ...

Earnings Presentation First Quarter 2024 May 8, 2024 Forward-Looking Statements Non-GAAP Measures & Other Performance Metrics Thispresentationmaycontain“forward-lookingstatements”withinthemeaningoftheU.S.PrivateSecurities To supplement the financial measures presented in our presentation and related conference call in accordance LitigationReformActof1995.Inthiscontext,forward-lookingstatementsgenerallyrelatetofutureeventsor withgenerallyacceptedaccountingprinciplesintheUnitedStates(“GAAP”),wealsopresentthef ...

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 ...

Core Insights - AvidXchange Holdings, Inc. reported $105.6 million in revenue for Q1 2024, marking a year-over-year increase of 21.6% [1] - The company's EPS for the same period was $0.06, a significant improvement from -$0.02 a year ago [1] - Revenue exceeded the Zacks Consensus Estimate of $101.33 million by 4.21%, while the EPS surprise was 100% compared to the consensus estimate of $0.03 [1] Key Metrics - Transaction Yield was reported at $5.47, surpassing the three-analyst average estimate of $5.23 [2] - Transactions Processed totaled 19,300 thousand, slightly below the estimated 19,411.05 thousand [2] - Total Payment Volume reached $19.90 billion, exceeding the average estimate of $19.52 billion [2] Stock Performance - AvidXchange shares have returned -2.6% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [2]