AvidXchange Announces Third Quarter 2024 Financial Results [Yahoo! Finance]
AvidXchange Holdings, Inc. (AVDX)
NASDAQ:AMEX Investor Relations:
ir.avantdiagnostics.com
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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
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News
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at Barclays PLC from $11.00 to $13.00. They now have an "overweight" rating on the stock.MarketBeat
- AvidXchange to Participate in Upcoming Investor ConferencesGlobeNewswire
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at BMO Capital Markets from $10.00 to $11.00. They now have a "market perform" rating on the stock.MarketBeat
- AvidXchange Holdings Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $7.00 to $9.00. They now have a "sell" rating on the stock.MarketBeat
AVDX
Earnings
- 11/6/24 - Beat
AVDX
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- AVDX's page on the SEC website