AvidXchange Announces Third Quarter 2024 Financial Results

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 ...