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.

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.

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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