Core Viewpoint - AvidXchange Holdings, Inc. reported quarterly earnings of $0.05 per share, missing the consensus estimate of $0.06 per share, representing a -16.67% earnings surprise [1]. Financial Performance - The company posted revenues of $107.94 million for the quarter ended March 2025, which was 1.64% below the consensus estimate and an increase from $105.6 million year-over-year [2]. - Over the last four quarters, AvidXchange has surpassed consensus EPS estimates two times and topped revenue estimates two times [2]. Stock Performance - AvidXchange shares have declined approximately 20.7% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $111.76 million, and for the current fiscal year, it is $0.26 on revenues of $457.33 million [7]. - The trend for estimate revisions ahead of the earnings release was favorable, which may influence future stock movements [6]. Industry Context - The Internet - Software industry, to which AvidXchange belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8].

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of AvidXchange Holdings, Inc. (NASDAQ: AVDX) breached their fiduciary duties in connection with the proposed sale of the Company to TPG Inc. (NASDAQ: TPG). On May 6, 2025, AvidXchange entered into a definitive agreement pursuant to which TPG will acquire all outstanding shares of the Company. Under the terms of the agreement, each holder of the Company’s c ...

Earnings Presentation First Quarter 2025 May 7, 2025 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements generally relate to future events or our future financial or operating performance and often contain words such as: "anticipate," "assume," "intend," "aim," "plan," "goal," "seek," "believe," "outlook," "project," "estimate," "expect," "future," "like ...

Q1'25 revenue growth of 2.2% impacted by a combination of lower transaction volume due to macro weakness and higher comparable float and political contributions in Q1'24Q1'25 versus Q1'24 GAAP gross margin expansion continues on lower unit cost and despite lower year over year transaction volume growthQ1'25 versus Q1'24 net cash provided by operating activities swings to $7.4 million from a use of ($6.4) million in the year ago periodThe Company sustains strong balance sheet with cash and marketable securit ...

Core Viewpoint - AvidXchange Holdings, Inc. is set to be acquired by TPG and Corpay for $10.00 per share, valuing the company at $2.2 billion, which represents a significant premium over its recent stock prices [1][2]. Acquisition Details - The acquisition price of $10.00 per share reflects a 22% premium over AvidXchange's closing price of $8.20 on May 6, 2025, a 16% premium over the 90-day volume weighted average price, and a 45% premium over the closing price of $6.89 on March 12, 2025 [2]. - Upon completion, AvidXchange will transition to a private company, allowing for greater flexibility in investing in growth and enhancing integrated payment solutions [2]. Company Background - AvidXchange is a leading provider of accounts payable automation software and payment solutions, serving over 8,500 middle market businesses and facilitating payments to more than 1,350,000 suppliers in the past five years [9]. - The company has established itself as a leader in AP automation and payment software, with a differentiated platform aimed at growth [3]. Strategic Insights - TPG and Corpay view AvidXchange as a leader in AP automation, with significant opportunities to enhance its solutions and improve efficiency in payment processes [3]. - The partnership aims to leverage TPG's technology expertise and Corpay's corporate payments capabilities to accelerate AvidXchange's growth [3]. Transaction Approval and Timeline - The transaction has been unanimously approved by AvidXchange's Board of Directors, and certain senior management members will rollover a significant portion of their equity [4]. - The deal is subject to customary closing conditions, including stockholder approval and regulatory approvals, and is expected to close in the fourth quarter of 2025 [5]. Financial Advisory - Financial Technology Partners and Barclays are acting as financial advisors to AvidXchange, while TPG is advised by J.P. Morgan Securities LLC, Moelis & Company, and RBC Capital Markets [7][8].

The upcoming report from AvidXchange Holdings, Inc. (AVDX) is expected to reveal quarterly earnings of $0.06 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $109.74 million, representing an increase of 3.9% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a ...

CHARLOTTE, N.C., April 08, 2025 (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 that its first quarter 2025 ended March 31, 2025, financial results will be released on Wednesday, May 7, 2025. AvidXchange plans to host a conference call at 10:00 AM ET on May 7, 2025, to discuss the company's financial results. The call will be broadcast live via ...

CHARLOTTE, N.C., April 02, 2025 (GLOBE NEWSWIRE) -- AvidXchange Inc. (NASDAQ:AVDX), a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers, today announced the launch of several new AI agents and enhancements within its invoice automation solution. These advancements reinforce AvidXchange's ongoing commitment to delivering solutions that improve efficiency, visibility, and control for ...

AvidXchange Holdings, Inc. (AVDX) ended the recent trading session at $8.48, demonstrating a +0.24% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.08%. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq increased by 0.52%.The company's shares have seen a decrease of 10.85% over the last month, surpassing the Computer and Technology sector's loss of 12.04% and falling behind the S&P 500's loss of 7.33%.Investors will be eag ...

Company Performance - AvidXchange Holdings, Inc. closed at $8.46, reflecting a +0.48% change from the previous session, outperforming the S&P 500 which lost 0.22% [1] - The company's shares experienced a loss of 13.82% over the past month, underperforming the Computer and Technology sector's loss of 12% and the S&P 500's loss of 7.48% [1] Upcoming Earnings - The company is expected to report an EPS of $0.06, indicating no change from the same quarter last year, with a forecasted quarterly revenue of $109.74 million, up 3.92% year-over-year [2] - For the annual period, earnings are anticipated to be $0.28 per share and revenue at $457.33 million, representing increases of +7.69% and +4.19% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for AvidXchange Holdings, Inc. are crucial for investors as they reflect the evolving business trends [4] - Positive revisions in estimates indicate analysts' confidence in the company's performance and profit potential [4] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows AvidXchange Holdings, Inc. currently holds a Zacks Rank of 3 (Hold) [6] - The Forward P/E ratio for AvidXchange Holdings, Inc. is 30.07, which is higher than the industry average of 27.92, indicating the company is trading at a premium [7] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 84, placing it in the top 34% of over 250 industries [7]