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AvidXchange Holdings (AVDX)
NASDAQ:AVDX
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.06Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -23.17%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
AvidXchange demonstrated strong financial performance with significant margin expansion and successful strategic initiatives. However, macroeconomic challenges and retention issues in certain verticals present ongoing concerns.Company Guidance
During the AvidXchange Holdings, Inc. fourth quarter and full year 2024 earnings call, the company reported exceeding expectations across core financial metrics, with revenues reaching approximately $115 million, a year-over-year increase of 11%. Notably, the non-GAAP gross margin hit almost 75%, a 350 basis point improvement over the previous year, and adjusted EBITDA margins were nearly 23%. AvidXchange repurchased $25 million in shares during Q4, bringing the total to $50 million for the year, the maximum allowed under their $100 million repurchase program. The company highlighted a 6% growth in buyer customer logo count and significant progress in innovation and partnerships, particularly in the real estate, financial services, and media verticals. Despite macroeconomic challenges, the outlook for 2025 includes a revenue range of $453 million to $460 million, with anticipated non-GAAP adjusted EBITDA between $86 million and $91 million, reflecting cautious optimism amidst ongoing market uncertainties.Strong Financial Performance and Margin Expansion
AvidXchange reported revenue of $115 million in Q4 2024, up roughly 11% year-over-year. Non-GAAP gross margin hit a milestone of nearly 75%, up 350 basis points from last year, and adjusted EBITDA margins reached almost 23%.
Share Repurchase Program
AvidXchange repurchased $25 million worth of shares in Q4 2024, bringing the total for the year to $50 million, the maximum allowed within the calendar year under the $100 million share repurchase program.
Innovative Product Launches
The company launched several new products, including Payment Accelerator 2.0 and the AvidPay 2.0 payments platform, which are expected to significantly contribute to future growth.
Strategic Partnerships and Integration
AvidXchange formed notable partnerships with firms like AppFolio and M3, showing strong lead flow and engagement, which are expected to drive future growth.
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AVDX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVDX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $9.15 | $7.26 | -20.66% |
| Nov 06, 2024 | $8.50 | $9.68 | +13.88% |
| Jul 31, 2024 | $12.72 | $8.94 | -29.72% |
| May 08, 2024 | $11.99 | $11.60 | -3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AvidXchange Holdings (AVDX) report earnings?
AvidXchange Holdings (AVDX) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is AvidXchange Holdings (AVDX) earnings time?
AvidXchange Holdings (AVDX) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVDX EPS forecast?
AVDX EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
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