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Avidxchange Holdings Inc   (AVDX)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology


 

Avidxchange Holdings Inc

AVDX's Financial Statements and Analysis



Avidxchange Holdings Inc narrowed third quarter of 2023 net loss per share of $-0.04 compare to net loss per share of $-0.13 recorded in the same quarter a year ago and improved compare to net loss per share of $-0.09 realized in previous quarter.


third quarter of 2023
Earnings Per Share Revenues
$ -0.04 $  99 Mill
$+0.09     $+16M     +19.74 %



Avidxchange Holdings Inc 's Revenue rose by 19.74 % in third quarter of 2023 (Sep 30 2023) year on year, to $99 million and advanced by 8.26 % sequentially.


Avidxchange Holdings Inc is

More on AVDX's Income Statement



Avidxchange Holdings Inc in the third quarter of 2023 recorded net loss of $-8.091 million, an improvement compare to net loss of $-25.371 million in III. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-18.771 million realized in previous quarter.

More on AVDX's Growth

Avidxchange Holdings Inc Inventories
AVDX's Cash flow In the third quarter of 2023 company's net cash flow was $39 million, capital expenditures fell by -4.473.80%, to $-5 millions compare to same quarter a year ago

More on AVDX's Cash flow Statement


Avidxchange Holdings Inc does not pay out common stock dividend.

In trailing twelve-month period Avidxchange Holdings Inc payed $ -0.05 cash per share, on a free-cash flow basis .

Book value grew by 0.12 % sequentially to $3.20 per share.
Tangible Book value grew to $ 1.94 per share from $ 1.92.

Company issued 0.97 million shares or 0.48 % in Sep 30 2023.


More on AVDX's Dividends

 Market Capitalization (Millions) 2,560
 Shares Outstanding (Millions) 203
 Total Debt (Millions $) 81
 Revenue (TTM) (Millions $) 363
 Net Income (TTM) (Millions $) -68
 Cash Flow (TTM) (Millions $) 227
 Capital Exp. (TTM) (Millions $) -18
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,600




Avidxchange Holdings Inc does not pay out common stock dividend.

In trailing twelve-month period Avidxchange Holdings Inc had negative $ -0.05 cash flow per share, on a free-cash flow basis .

Book value grew by 0.12 % sequentially to $3.20 per share.
Tangible Book value grew to $ 1.94 per share from $ 1.92.

Company issued 0.97 million shares or 0.48 % in Sep 30 2023.


More on AVDX's Balance Sheets

 Market Capitalization (Millions) 2,560
 Shares Outstanding (Millions) 203
 Total Debt (Millions $) 81
 Revenue (TTM) (Millions $) 363
 Net Income (TTM) (Millions $) -68
 Cash Flow (TTM) (Millions $) 227
 Capital Exp. (TTM) (Millions $) -18
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,600
   


  News about Avidxchange Holdings Inc Earnings

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 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 achi...