AvidXchange (AVDX) Reports Q1 Earnings: What Key Metrics Have to Say
AVDXAvidXchange (AVDX) Zacks Investment Research·2024-05-08 22:36

AvidXchange Holdings, Inc. (AVDX) reported 105.6millioninrevenueforthequarterendedMarch2024,representingayearoveryearincreaseof21.6105.6 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 21.6%. EPS of 0.06 for the same period compares to -0.02ayearago.ThereportedrevenuecomparestotheZacksConsensusEstimateof0.02 a year ago. The reported revenue compares to the Zacks Consensus Estimate of 101.33 million, representing a surprise of +4.21%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being $0.03. While investors closely watch year-over-year changes in headline numbers -- revenue ...