AvidXchange Holdings (AVDX) Reports Q4 Adjusted Net Loss of $17.68M

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Go back to AvidXchange Holdings (AVDX) Reports Q4 Adjusted Net Loss of $17.68M

AvidXchange Announces Fourth Quarter & Full Year 2021 Financial Results

March 7, 2022 4:05 PM EST

--Fourth quarter 2021 revenue and Adjusted EBITDA above previous guidance

--2022 financial outlook highlights solid operating momentum and financial position

CHARLOTTE, N.C., March 07, 2022 (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 fourth quarter and full year ended December 31, 2021.

2021 was an extraordinary year for AvidXchange. We completed our transition to a public company and raised a significant amount of strategic capital while... More