AvidXchange (AVDX) - 2024 Q2 - Quarterly Results

Exhibit 99.1 avidxchange" AvidXchange Announces Second Quarter 2024 Financial Results • Q2'24 financial results mark a milestone in achieving GAAP net income profitability on disciplined execution around year-over-year revenue growth, unit cost efficiencies and operating expense leverage • Sustaining a strong balance sheet with cash and marketable securities of $465.0 million to re-invest in the core business organically and inorganically • Updated 2024 business outlook reflects strong execution amid macro ...