AvidXchange Holdings (AVDX) Misses Q2 EPS by 1c

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Go back to AvidXchange Holdings (AVDX) Misses Q2 EPS by 1c

AvidXchange Announces Second Quarter 2022 Financial Results

August 3, 2022 4:06 PM EDT

--Second quarter 2022 revenue growth of 30.3% or 22.4% organically driven by continued broad based demand coupled with solid operational execution

--Higher than expected second quarter 2022 revenues, stronger gross margin performance due to on-going payment monetization and cost leverage drive lower-than-expected net loss

--Raising full-year 2022 business outlook for a second consecutive period based on stronger financial results

CHARLOTTE, N.C., Aug. 03, 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 second... More