See more : Empowerment & Inclusion Capital I Corp. (EPWR) 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 |
AvidXchange and Workamajig Announce Exclusive Strategic Partnership to Empower Media Companies to Manage Invoices Seamlessly
CHARLOTTE, N.C., Aug. 27, 2024 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced a strategic and exclusive partnership with Workamajig, a leading agency...
Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 27, 2024 / 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")....
Investors who lost money on AvidXchange Holdings, Inc. should contact Levi & Korsinsky about an ongoing investigation - AVDX
NEW YORK, NY / ACCESSWIRE / August 26, 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...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AvidXchange Holdings, Inc. - AVDX
NEW YORK , Aug. 26, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or the "Company") (NASDAQ: AVDX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Levi & Korsinsky Reminds Shareholders of an Investigation into AvidXchange Holdings, Inc. (AVDX) Regarding Potential Securities Fraud Allegations
NEW YORK, NY / ACCESSWIRE / August 26, 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 STOCK ALERT: Levi & Korsinsky Notifies AvidXchange Holdings, Inc. Investors of an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / August 26, 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 Investigation Notice: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ:AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 26, 2024 / 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")....
Shareholder Rights Advocates at Levi & Korsinsky Investigate AvidXchange Holdings, Inc. (AVDX) Regarding Possible Securities Fraud Violations
NEW YORK, NY / ACCESSWIRE / August 25, 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...
Lost Money on AvidXchange Holdings, Inc.(AVDX)? Contact Levi & Korsinsky Regarding an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / August 24, 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...
Notice of Investigation of AVDX: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ:AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 24, 2024 / 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")....
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