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AvidXchange Q2 2023 Earnings Report

AvidXchange logo
$11.08 -0.10 (-0.89%)
(As of 02:35 PM ET)

AvidXchange EPS Results

Actual EPS
-$0.05
Consensus EPS
-$0.09
Beat/Miss
Beat by +$0.04
One Year Ago EPS
N/A

AvidXchange Revenue Results

Actual Revenue
$91.15 million
Expected Revenue
$88.98 million
Beat/Miss
Beat by +$2.17 million
YoY Revenue Growth
N/A

AvidXchange Announcement Details

Quarter
Q2 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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AvidXchange Earnings Headlines

American Century Small Cap Growth Fund Q3 2024 Commentary
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
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About AvidXchange

AvidXchange (NASDAQ:AVDX) provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

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