AvidXchange Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
AvidXchange Holdings, Inc. (AVDX)
NASDAQ:AMEX Investor Relations:
ir.avantdiagnostics.com
Company Research
Source: Yahoo! Finance
$25.1 million of the $100 million share repurchase program executed in the third quarter of 2024 Sustaining a strong balance sheet with cash and marketable securities of $394.3 million while extinguishing pre-existing term debt and establishing a new larger credit facility Strong Q3'24 financial results drive upward revision in 2024 revenue and adjusted EBITDA outlook CHARLOTTE, N.C., Nov. 06, 2024 (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 financial results for the third quarter ended September 30, 2024. “We delivered solid third quarter 2024 results as measured by virtually every key metric. Starting with year over year revenue growth, which rose by 14.3%, non-GAAP gross margin and adjusted EBITDA margin came in at 74.5% and 20.7%, respectively. Both the non-GAAP gross margin and adjusted EBITDA margin in
Show less
Read more
Impact Snapshot
Event Time:
AVDX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AVDX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AVDX alerts
High impacting AvidXchange Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
AVDX
News
- Institutional owners may take dramatic actions as AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) recent 5.6% drop adds to one-year losses [Yahoo! Finance]Yahoo! Finance
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) is now covered by analysts at BTIG Research. They set a "buy" rating and a $14.00 price target on the stock.MarketBeat
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at Keefe, Bruyette & Woods from $10.00 to $12.00. They now have a "market perform" rating on the stock.MarketBeat
- BILL Rises 45% in a Month: Is it the Right Time to Buy the Stock? [Yahoo! Finance]Yahoo! Finance
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at KeyCorp from $12.00 to $13.00. They now have an "overweight" rating on the stock.MarketBeat
AVDX
Earnings
- 11/6/24 - Beat
AVDX
Sec Filings
- 12/13/24 - Form 144/A
- 12/12/24 - Form 4
- 12/11/24 - Form 4
- AVDX's page on the SEC website