AvidXchange Holdings (AVDX) Tops Q1 EPS by 5c

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Go back to AvidXchange Holdings (AVDX) Tops Q1 EPS by 5c

AvidXchange Announces First Quarter 2022 Financial Results

May 5, 2022 4:06 PM EDT

--First quarter 2022 revenue and adjusted EBITDA results driven by solid transaction volume growth and lower expenses

--Raising full year 2022 revenue outlook and lowering projected Adjusted EBITDA losses

CHARLOTTE, N.C., May 05, 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 first quarter ended March 31, 2022.

We are off to a strong start in the first quarter. By any key measure total transaction growth, revenue growth... More