AVDX News and Press, AvidXchange Holdings Inc. From 10/21/22

Summary AvidXchange Holdings, Inc. went public in October 2021, raising approximately $660 million in gross IPO proceeds. The company provides B2B accounts payable software to organizations worldwide. AvidXchange continues to grow revenue, but operating losses are increasing a...

CHARLOTTE, N.C., Oct. 14, 2022 (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 third quarter 2022 ended September 3...

CHARLOTTE, N.C., Oct. 13, 2022 (GLOBE NEWSWIRE) -- AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today released the next report in its Middle Market Spending Trends series. ...

Summary Lone Pine Capital’s 13F portfolio value decreased from $16.80B to $10.61B. The number of positions remained steady at 30. They added LPL Financial, Booking Holdings, Alphabet, EPAM Systems, PayPal, and EQT Corp while reducing Block Inc. & Shopify. They also drop...

CHARLOTTE, N.C., Sept. 06, 2022 (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 members of the management team will par...

CHARLOTTE, N.C., Aug. 15, 2022 (GLOBE NEWSWIRE) -- AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced an application programming interface (API) integration with ...

CHARLOTTE, N.C., Aug. 08, 2022 (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 TimberScan Titanium, now integrated wit...

AvidXchange Holdings, Inc. (AVDX) Q2 2022 Earnings Conference Call August 3, 2022 18:00 ET Company Participants Mike Praeger - Co-Founder, President & Chief Executive Officer Joel Wilhite - Senior Vice President & Chief Financial Officer Conference Call...

AvidXchange press release ( NASDAQ: AVDX ): Q2 GAAP EPS of -$0.13 beats by $0.02 . Revenue of $76.6M (+30.3% Y/Y) beats by $3.79M . For further details see: AvidXchange GAAP EPS of -$0.13 beats by $0.02, revenue of $76.6M beats by $3.79M

--Second quarter 2022 revenue growth of 30.3% – or 22.4% organically – driven by continued broad based demand coupled with solid operational execution --Higher than expected second quarter 2022 revenues, stronger gross margin performance due to on-going payment monetizat...