AvidXchange Aktie News

NEW YORK , April 18, 2024 /PRNewswire/ -- Today's Marketplace (TMP) is proud to announce a featured interview with AvidXchange CEO & Co-Founder Michael Praeger, who shares his game-changing solutions for software-enabled payments. The middle-market segment has unique problems in how they approve, manage, and actually pay their suppliers and vendors.

With inflation over the last two years diminishing the dollar's buying power, investors must focus on value more than ever. Some stocks, despite offering a piece of a high-performing company, are simply out of reach for the average retail investor.

CHARLOTTE, N.C., April 09, 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 its first quarter 2024 ended March 31, 2024, financial results will be released on Wednesday, May 8, 2024. AvidXchange will host a conference cal...

--Pre-IPO investors and current Board members Matthew Harris and Wendy Murdock to transition out--Tech and software business scaling executives Arthur J. Rubado and Oni Chukwu are two new additions to the Board

The Russell 2000 Index is constituted of approximately 2,000 of America's small-cap companies. At the time of this writing, there are 1,957 holdings in the index, as some disappear due to mergers, bankruptcy, and other corporate events.

AvidXchange's FY 2024 EBITDA guidance was +35% better than the sell side's earlier consensus estimate. AvidXchange aims to hit the rule of 40 benchmark next year, with expectations of an improvement in its operating profitability driven by the favorable impact of scale economies. The stock is still trading at a discount to its peers which I think is unjustified, and this translates into a Buy r...

AvidXchange Holdings, Inc. (AVDX) Q4 2023 Earnings Call Transcript

Transaction growth and solid yield expansion drive year over year fourth quarter 2023 revenue growth 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 positio...