NASDAQ$AVDX
AvidXchange · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Achieved adjusted EBITDA profit and higher revenue growth due to payment monetization, operational efficiencies and expense leverage.
AvidXchange Holdings, Inc. announced financial results for the first quarter ended March 31, 2023, with total revenue of $86.8 million, an increase of 21.9% year-over-year and GAAP net loss of $(16.0) million. The company delivered its first adjusted EBITDA profitable quarter as a public company.
- Total revenue was $86.8 million, an increase of 21.9% year-over-year.
- GAAP net loss was $(16.0) million, compared with a GAAP net loss of $(25.1) million in the first quarter of 2022.
- Non-GAAP net loss was $(3.4) million, compared with a Non-GAAP net loss of $(14.6) million in the first quarter of 2022.
- Adjusted EBITDA was $0.4 million compared with $(5.6) million in the first quarter of 2022.
Headline financials
Revenue & EPS history
AvidXchange · Revenue · Quarterly
$86.8M
Forward guidance
AvidXchange anticipates its Full Year 2023 revenue and adjusted EBITDA to be in the ranges of $363.0 - $368.0 million and $2.0 - $4.0 million, respectively.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2023
-1.0%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+0.8%
Avg return
30 days after
44%
8 / 18 earnings
Positive
+18.8%
Q1 2025
Best reaction
-35.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -0.1% | +0.2% | +0.6% | |
| Q1 2025 | +18.8% | +18.7% | +19.5% | |
| Q4 2024 | -20.7% | -19.1% | -6.7% | |
| Q3 2024 | +17.6% | +23.4% | +36.1% | |
| Q2 2024 | -35.1% | -40.5% | -36.5% | |
| Q1 2024 | -4.3% | -6.3% | -10.9% | |
| Q4 2023 | +9.5% | +7.1% | +8.2% | |
| Q3 2023 | +17.9% | +15.9% | +39.5% | |
| Q2 2023 | -13.7% | -15.9% | -17.0% | |
| Q1 2023 | +16.2% | +14.2% | +50.8% | |
| Q4 2022 | -11.4% | -3.8% | -21.7% | |
| Q3 2022 | -15.8% | -10.2% | -1.9% | |
| Q2 2022 | +11.0% | +16.2% | +5.7% | |
| Q1 2022 | -4.0% | -18.1% | +9.1% | |
| Q2 2021 | -2.5% | +16.7% | +19.4% | |
| Q4 2021 | -5.6% | -17.4% | -6.6% | |
| Q4 2020 | +4.5% | -15.4% | -36.9% | |
| Q3 2021 | +0.4% | +4.8% | -36.0% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro