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Stock impact report

AvidXchange Announces Fourth Quarter 2023 Financial Results [Yahoo! Finance]

AvidXchange Holdings, Inc. (AVDX) 
NASDAQ:AMEX Investor Relations: ir.avantdiagnostics.com
Company Research Source: Yahoo! Finance
Yield expansion coupled with lower unit cost fuel year over year fourth quarter 2023 gross margin expansion The aforementioned combination & opex discipline materially reduce year over year fourth quarter 2023 loss from operations Exiting 2023 with a strong balance sheet and a net cash position 2024 business outlook reflects accelerating revenue growth, continued gross margin expansion and operating leverage CHARLOTTE, N.C., Feb. 28, 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 financial results for the fourth quarter ended December 31, 2023. “We had a strong close to 2023 in light of on-going macro headwinds. Our fourth quarter 2023 results mark 10 consecutive quarters of financial outperformance relative to internal expectations. I am particularly pleased with the adjusted EBITDA profit inflection ex Show less Read more
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