Welcome to our dedicated page for Avidxchange Holdings news (Ticker: AVDX), a resource for investors and traders seeking the latest updates and insights on Avidxchange Holdings stock.
AvidXchange Holdings, Inc. (AVDX) delivers innovative accounts payable automation and B2B payment solutions for middle-market businesses through its cloud-based SaaS platform. This dedicated news hub provides investors and financial professionals with essential updates on the company’s strategic developments, financial performance, and technological advancements.
Access real-time information about earnings announcements, product innovations, and industry partnerships that shape AvidXchange’s position in the financial technology sector. Our curated collection includes official press releases covering operational milestones, regulatory filings, and leadership updates directly from trusted corporate sources.
Stay informed about critical developments in AP automation technology, payment network expansions, and accounting system integrations that drive the company’s growth. The resource is designed to help stakeholders monitor operational efficiency improvements and market penetration strategies specific to middle-market financial operations.
Bookmark this page for streamlined access to verified information about AvidXchange’s progress in eliminating manual processes through digital transformation. Regularly updated content ensures you maintain awareness of factors influencing the company’s competitive edge in invoice processing and enterprise payment solutions.
AvidXchange Holdings, Inc. (Nasdaq: AVDX), a provider of accounts payable automation software and payment solutions, will release its first quarter 2023 financial results on May 3, 2023. A conference call is scheduled for 10:00 AM ET on the same day to discuss these results. This call will be available for live viewing via webcast and will later be accessible as a recorded replay. AvidXchange’s software serves over 8,800 businesses and has facilitated payments to more than 965,000 suppliers in the past five years. This demonstrates the company's significant role in automating AP workflows for middle-market businesses.
On March 8, 2023, AvidXchange Holdings, Inc. (Nasdaq: AVDX), a top provider of accounts payable automation software, announced its management team will attend the Wolfe Research FinTech Forum in New York on March 15, 2023, at 8:00 AM ET. This event will feature a live webcast accessible on AvidXchange's investor relations website, with a replay available for a limited time. AvidXchange has over 8,000 business clients and has facilitated payments to more than 825,000 suppliers in the past five years. The company continues to innovate in the accounts payable space, enhancing payment solutions for middle-market businesses.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) has announced a referral partnership with Corelation, enabling the integration of AvidAscend, a premier invoice-to-pay software, for over 190 credit union customers of Corelation. The partnership aims to modernize payment processes by transitioning from manual systems to a streamlined, automated solution, improving efficiency and reducing costs. AvidXchange's solution has already received positive feedback from clients like Sun Community Federal Credit Union, highlighting enhanced functionality and robust reporting. This strategic collaboration positions AvidXchange to cater to the evolving needs of credit unions in a digital-first environment.
AvidXchange Holdings, Inc. (AVDX) reported a 24.4% revenue growth year-over-year for Q4 2022, totaling $86.2 million. Adjusted EBITDA losses narrowed significantly to $(1.3) million from $(8.2) million in Q4 2021. The company projects an accelerated path to adjusted EBITDA profitability in 2023, earlier than the previous target of 2024. Full-year revenue for 2022 reached $316.4 million, a 27.4% increase year-over-year. The company processed 18 million transactions in Q4 2022, marking a 9.2% rise. For 2023, AvidXchange expects revenue between $359 million and $366 million.
AvidXchange (Nasdaq: AVDX) announced the launch of AvidAnalytics, a premium Business Intelligence solution aimed at enhancing spend management for middle market businesses. This innovative tool provides custom reporting capabilities, surpassing traditional methods, and includes intelligent analytics, immersive dashboards, and data visualizations. AvidAnalytics integrates seamlessly with the AvidInvoice, AvidPay, and AvidBuy platforms, offering users improved visibility into accounts payable processes. As companies increasingly shift to digital solutions, AvidAnalytics empowers buyers with actionable insights directly from their data.
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