- 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.
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AvidXchange reports mixed Q4 earnings; initiates FY23 outlook