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Avidxchange Holdings Inc   (AVDX)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $12.4200 $-0.11 -0.878%
Day's High: $12.46 Week Perf: -3.94 %
Day's Low: $ 11.95 30 Day Perf: 1.06 %
Volume (M): 2,417 52 Wk High: $ 13.56
Volume (M$): $ 30,022 52 Wk Avg: $10.16
Open: $12.28 52 Wk Low: $6.88



 Market Capitalization (Millions $) 2,515
 Shares Outstanding (Millions) 203
 Employees 1,600
 Revenues (TTM) (Millions $) 363
 Net Income (TTM) (Millions $) -68
 Cash Flow (TTM) (Millions $) 227
 Capital Exp. (TTM) (Millions $) 18

Avidxchange Holdings Inc
We are a leading provider of accounts payable ("AP") automation software and payment solutions for middle market businesses and their suppliers. Our Software-as-a-Service ("SaaS") based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,000 businesses (our buyers) and we have made payments to more than 825,000 supplier customers of our buyers (suppliers) over the past five years. While acquiring new and retaining existing relationships with buyers and suppliers are important to our business, the growth of our business is ultimately dependent upon the number of transactions we process, as well as our total payment volume. We developed our technology platform through years of working to solve our buyers' unique middle market workflow challenges. Leveraging our deep domain expertise, we purpose-built a powerful two-sided network that connects buyers and suppliers, drives digital transformation, increases efficiency and accuracy in AP workflows, accelerates payments, enables insight into critical analytics, and lowers operating costs for our buyers.
We built our business to solve this gap for the middle market and believe we have become a uniquely strategic platform for our customers' CFOs, treasurers and finance teams by digitally transforming how they receive, manage and pay their bills. Supported by deep integrations to our customers' middle market oriented accounting and information systems, our platform automates the end-to-end AP workflows for our buyers and enhances the payment experience for our suppliers through the following products and features:
AP Automation Software. We have developed a SaaS-based solution automating and digitizing the capture, review, approval and payment of invoices for our buyers. Our omni-channel ingestion engine provides unique, vertical-specific front-end software tools that streamline AP workflows for our buyers. We digitally capture invoices from suppliers and apply the buyer's specific business rules to enable them to begin processing the invoice, extract and utilize transaction data from the invoice to enhance and configure the approval workflows, and manage the entire AP process through the payment of the invoice.
The AvidPay Network. Our two-sided payments network connects our buyers with their suppliers, enabling invoice payments on behalf of a buyer and according to the supplier's business rules, payment preferences and remittance data. We support a variety of payment methods depending on the supplier's preference, including virtual credit card ("VCC"), enhanced automated clearing house ("ACH") (our AvidPay Direct) and physical check, while delivering rich remittance data to streamline the reconciliation process.
Cash Flow Manager. We provide cash management solutions to our supplier network, including tools that provide a comprehensive view of invoices and an accelerator feature (our Invoice Accelerator). These additional features, and others in our product pipeline, allow us to both monetize and increase engagement on our two-sided payments network.


   Company Address: 1210 AvidXchange Lane Charlotte 28206 NC
   Company Phone Number: 560-9305   Stock Exchange / Ticker: NASDAQ AVDX
   


   

Stock Performances by Major Competitors

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INTU   -4.87%    
DLX        1.46% 
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Partnership

Automating Hotel Accounting: CoreSelect Live, AvidXchange, and M3 Partnership Leads the Way

Published Wed, Nov 29 2023 2:00 PM UTC

Pay Integration for CoreSelect Live, AvidXchange, and M3 Partnership Revolutionizes Hotel Accounting with Fully Automated Financial Management Solution
Industry leaders collaborate on exclusive payment embedded automation integration for CoreSelect and Comparing the current results to its competitors, Avidxchange Holdings Inc reported a revenue increase in the 3rd quarte...

Avidxchange Holdings Inc

Headline: Avidxchange Holdings Inc. Reports Remarkable Surge in Demand, Demonstrating Strong Growth during Third Quarter Ending September 30, 2023

Avidxchange Holdings Inc, a leading financial technology company, has recently released its financial results for the period from July to September 30, 2023. The company showed significant improvements in terms of its loss per share, revenue, and net shortfall.
In terms of earnings per share (EPS), Avidxchange Holdings Inc demonstrated a remarkable reduction in losses compared to the same period a year ago. The company reported a loss per share of $-0.04, as opposed to $-0.13 in the previous year. Additionally, the EPS improved from $-0.09 in the prior quarter. This positive trend suggests that Avidxchange Holdings Inc has been successful in managing its financial performance and cutting down on losses.

Avidxchange Holdings Inc

Avidxchange Holdings Inc Achieves Remarkable Top-line Growth, Setting New Records in Latest Fiscal Quarter

Avidxchange Holdings Inc has once again posted impressive earnings results for the first quarter of 2023. The company reported a surge in revenue by 21.936%, reaching an impressive $86.82 million. This marks a significant milestone for the company in terms of its growth trajectory and proof that the strategies set out by management are working effectively.
Despite incurring a net deficit of $-15.990 million at the end of the fiscal period on March 31, 2023, it is impressive to see how Avidxchange Holdings Inc has managed to turn around from a deficit of $-25.147 million in a comparable reporting season a year ago. This is an incredibly positive sign that shows management is taking the right steps to achieve long-term success.






 

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