See more : Dar Almarkabah for Renting Cars Co. (9577.SR) Income Statement Analysis – Financial Results
Complete financial analysis of AvidXchange Holdings, Inc. (AVDX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AvidXchange Holdings, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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AvidXchange Holdings, Inc. (AVDX)
About AvidXchange Holdings, Inc.
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 380.72M | 316.35M | 248.41M | 185.93M | 149.58M |
| Cost of Revenue | 121.31M | 117.86M | 100.09M | 83.75M | 71.13M |
| Gross Profit | 259.41M | 198.49M | 148.32M | 102.17M | 78.45M |
| Gross Profit Ratio | 68.14% | 62.74% | 59.71% | 54.95% | 52.45% |
| Research & Development | 97.56M | 83.91M | 65.15M | 44.50M | 33.59M |
| General & Administrative | 101.92M | 91.38M | 95.82M | 56.40M | 52.10M |
| Selling & Marketing | 77.52M | 77.73M | 63.94M | 47.91M | 39.58M |
| SG&A | 179.45M | 169.12M | 159.76M | 104.31M | 91.68M |
| Other Expenses | 0.00 | 32.84M | 30.74M | 27.51M | 22.34M |
| Operating Expenses | 312.91M | 285.86M | 255.64M | 176.32M | 147.62M |
| Cost & Expenses | 434.22M | 403.73M | 355.73M | 260.07M | 218.75M |
| Interest Income | 20.89M | 7.16M | 661.00K | 1.68M | 1.38M |
| Interest Expense | 13.52M | 20.75M | 20.11M | 20.08M | 17.26M |
| Depreciation & Amortization | 35.91M | 32.84M | 30.74M | 27.51M | 22.34M |
| EBITDA | 3.30M | -47.37M | -153.46M | -53.42M | -53.89M |
| EBITDA Ratio | 0.87% | -14.97% | -50.69% | -24.18% | -30.38% |
| Operating Income | -51.62M | -87.38M | -107.32M | -74.15M | -69.16M |
| Operating Income Ratio | -13.56% | -27.62% | -43.20% | -39.88% | -46.24% |
| Total Other Income/Expenses | 5.49M | -13.59M | -96.99M | -26.87M | -24.32M |
| Income Before Tax | -46.13M | -100.96M | -204.31M | -101.01M | -93.49M |
| Income Before Tax Ratio | -12.12% | -31.91% | -82.25% | -54.33% | -62.50% |
| Income Tax Expense | 1.20M | 321.00K | -4.66M | 234.41K | 60.00K |
| Net Income | -47.33M | -101.28M | -199.65M | -101.25M | -93.55M |
| Net Income Ratio | -12.43% | -32.02% | -80.37% | -54.45% | -62.54% |
| EPS | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
| EPS Diluted | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
| Weighted Avg Shares Out | 201.89M | 198.05M | 196.80M | 196.21M | 196.21M |
| Weighted Avg Shares Out (Dil) | 201.89M | 198.05M | 196.80M | 196.21M | 196.21M |
NASDAQ: AVDX Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, Pa., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ: AVDX) (“AvidXchange”).
AVDX ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by AvidXchange Holdings, Inc.
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating AvidXchange Holdings, Inc. (NASDAQ: AVDX) for potential violations of federal securities laws
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in AvidXchange Holdings, Inc....
Shareholder Rights Advocates at Levi & Korsinsky Investigate AvidXchange Holdings, Inc. (AVDX) Regarding Possible Securities Fraud Violations
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
AVDX INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into AvidXchange Holdings, Inc. and Encourages Shareholders to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / August 14, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX). Investors who purchased AvidXchange securities are encouraged...
ATTENTION AVDX SHAREHOLDERS: Investors who lost money on AvidXchange Holdings, Inc. are urged to contact Levi & Korsinsky about an ongoing investigation
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
NASDAQ: AVDX Investigation Notice: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, Pa. , Aug. 14, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ: AVDX) ("AvidXchange").
Levi & Korsinsky Reminds AvidXchange Investors of the Ongoing Investigation into Potential Violations of Securities Laws – AVDX
NEW YORK, NY / ACCESSWIRE / August 14, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
AvidXchange Holdings Inc Investors Urged To Join Fraud Investigation With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 14, 2024 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:...
NASDAQ: AVDX Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ: AVDX) (“AvidXchange”). On or around October 12,...
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