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home / news releases / AVDX - AvidXchange reports mixed Q4 earnings; initiates FY23 outlook

AVDX - AvidXchange reports mixed Q4 earnings; initiates FY23 outlook

AvidXchange Holdings Inc.
  • AvidXchange press release ( NASDAQ: AVDX ): Q4 GAAP EPS of -$0.13 misses by $0.01 .
  • Revenue of $86.2M (+24.4% Y/Y) beats by $0.93M .
  • Non-GAAP gross profit was $56.0 million, or 64.9% of total revenue, compared with $43.1 million, or 62.2% of revenue in the fourth quarter of 2021.
  • Adjusted EBITDA was -$1.3 million compared with -$8.2 million in the fourth quarter of 2021.
  • Introducing 2023 business outlook : Revenue of $359.0M - $366.0M vs $373.52M consensus; Adjusted EBITDA of $0 - $3.5M.

For further details see:

AvidXchange reports mixed Q4 earnings; initiates FY23 outlook
Stock Information
Company Name: AvidXchange Holdings Inc.
Stock Symbol: AVDX
Market: OTC
Website: avidxchange.com
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