Analysts Expect AvidXchange Holdings, Inc. (NASDAQ:AVDX) To Breakeven Soon [Yahoo! Finance]
AvidXchange Holdings, Inc. (AVDX)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Yahoo! Finance
We feel now is a pretty good time to analyse AvidXchange Holdings, Inc.'s ( NASDAQ:AVDX business as it appears the company may be on the cusp of a considerable accomplishment. AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. With the latest financial year loss of US$47m and a trailing-twelve-month loss of US$13m, the US$1.8b market-cap company alleviated its loss by moving closer towards its target of breakeven. The most pressing concern for investors is AvidXchange Holdings' path to profitability – when will it breakeven? We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. According to the 15 industry analysts covering AvidXchange Holdings, the consensus is that breakeven is near. They expect the company to post a final loss in 2023, before turning a profit of US$1.3m in 2024. There
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AVDX
News
- AvidXchange Holdings, Inc. (AVDX) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- AvidXchange Announces Winners of the Inaugural Change Maker AwardsGlobeNewswire
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target lowered by analysts at Wells Fargo & Company from $10.00 to $9.00. They now have an "equal weight" rating on the stock.MarketBeat
- Automation Drives Higher Career Satisfaction for Accounts Payable Professionals, New Survey RevealsGlobeNewswire
- AvidXchange Holdings, Inc. (AVDX) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
AVDX
Earnings
- 7/31/24 - Beat
AVDX
Sec Filings
- 10/18/24 - Form 4
- 10/16/24 - Form 144
- 9/25/24 - Form 4
- AVDX's page on the SEC website