Recap: AvidXchange Holdings Q1 Earnings

AvidXchange Holdings AVDX reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:40 AM.

Here's what investors need to know about the announcement.

Earnings

AvidXchange Holdings beat estimated earnings by 60.0%, reporting an EPS of $-0.02 versus an estimate of $-0.05.

Revenue was up $15.62 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 1.89% drop in the share price the next day.

Here's a look at AvidXchange Holdings's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.09 -0.110 -0.13 -0.17
EPS Actual -0.04 -0.059 -0.07 -0.07
Revenue Estimate 85.26M 78.67M 72.44M 67.97M
Revenue Actual 86.17M 82.41M 76.56M 71.20M

To track all earnings releases for AvidXchange Holdings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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