AvidXchange Shares Rise 10% After Narrower-Than-Expected 4Q Loss [MarketWatch]
AvidXchange Holdings, Inc. (AVDX)
NASDAQ:AMEX Investor Relations:
ir.avantdiagnostics.com
Company Research
Source: MarketWatch
The automation and payment technology company said it had a quarterly loss of $4.5 million, or 2 cents a share, compared with a loss of $25 million, or 13 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $12 million, or 5 cents a share. Advertisement Revenue for the quarter was $104.1 million, compared with last year's $86.2 million and the $98.6 million analysts were expecting. The company said total transactions processed in the fourth quarter were 19.1 million, up 6.1% from last year. Total payment volume was $19.9 billion, up 8.5% from last year. For fiscal 2024, AvidXchange expects revenue of $441 million to $447 million. Analysts are forecasting 2024 revenue of $444.4 million. Write to Chris Wack at chris.wack@wsj.com
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News
- Ahead of AvidXchange (AVDX) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Axela Technologies Welcomes Leon Davila as the Latest Account Executive Hire [Yahoo! Finance]Yahoo! Finance
- AvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's Marketplace [Yahoo! Finance]Yahoo! Finance
- AvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's MarketplacePR Newswire
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its "sell" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $11.50 price target on the stock, down previously from $13.00.MarketBeat
AVDX
Earnings
- 2/28/24 - Beat
AVDX
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- AVDX's page on the SEC website