NASDAQ$AVDX
AvidXchange · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Avidxchange's Q4 2022 financial results were announced, showing revenue growth and reduced net losses.
AvidXchange reported a 24.4% year-over-year increase in total revenue for Q4 2022, reaching $86.2 million. The company narrowed its GAAP net loss to $(25.0) million and its Non-GAAP net loss to $(7.4) million. Gross profit and adjusted EBITDA also improved compared to the same period in the previous year. The company is projecting an accelerated path to adjusted EBITDA profitability in 2023.
- Total revenue increased by 24.4% year-over-year to $86.2 million.
- GAAP net loss improved to $(25.0) million compared to $(72.1) million in Q4 2021.
- Non-GAAP net loss improved to $(7.4) million compared to $(17.7) million in Q4 2021.
- GAAP gross profit was $49.9 million, representing 57.9% of total revenue.
Headline financials
Revenue & EPS history
AvidXchange · Revenue · Quarterly
$86.2M
Forward guidance
AvidXchange anticipates its Full Year 2023 revenue and adjusted EBITDA to be in the following ranges: Revenue $359.0 - $366.0 million and Adjusted EBITDA $0 - $3.5 million.
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 Q4 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 | — | — | — |
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