NASDAQ$AVDX
AvidXchange · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
AvidXchange's Q2 2022 financial results were announced, showcasing revenue growth and a reduced net loss.
AvidXchange reported a 30.3% year-over-year increase in total revenue, reaching $76.6 million. The company's GAAP net loss was $(25.7) million, while the non-GAAP net loss was $(13.7) million. The results were driven by broad-based demand and solid operational execution, leading to an increased full-year outlook for 2022.
- Total revenue increased by 30.3% year-over-year to $76.6 million.
- GAAP net loss was $(25.7) million, compared to $(22.0) million in the second quarter of 2021.
- Non-GAAP net loss was $(13.7) million, compared to $(14.9) million in the second quarter of 2021.
- GAAP gross profit was $42.9 million, or 56.0% of total revenue.
Headline financials
Revenue & EPS history
AvidXchange · Revenue · Quarterly
$76.6M
Forward guidance
AvidXchange anticipates its revised Full Year 2022 revenue and adjusted EBITDA to be in the following ranges (in millions): Revenue $308.0 - $310.0; Adjusted EBITDA(1) $(27.0) - $(29.0)
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 Q2 2022
-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