welcome to the avidxchange community. this is the place for avidxchange employees, former employees, partners, and avidxchange users and administrators. avidxchange revolutionizes the way companies pay their bills by automating invoice and bill payment processing. we are automation experts and have been automating companies’ bill pay processes for more than 15 years to reduce costs, improve productivity and eliminate paper from their bill payment process. our team of automation experts can automate your bill pay process in 45 days—guaranteed! avidxchange provides accounts payable solutions that streamlines invoice capture, intelligently routes approvals and automates payments reducing costs, improving productivity and eliminating paper from the process. as the first saas technology vendor to automate invoice processing, avidxchange works with vendors to electronically send and receive invoices and has standard integration to more than 100 accounting systems. our specialized analytics,
Company profile
Ticker
AVDX
Exchange
Website
CEO
Michael Praeger
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
SEC CIK
Corporate docs
Subsidiaries
AvidXchange, Inc. • Oak HC/FT FPP Blocker Corp. • BTS Alliance, LLC • AFV Holdings • AvidXchange Financial Services, Inc. • Core Associates, LLC • Strongroom Solutions, Inc. • FastPay Payment Technologies Inc. • FPP Enterprise LLC ...
AVDX stock data
Latest filings (excl ownership)
8-K
AvidXchange Announces Board Additions and Transitions
26 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
AvidXchange Announces Fourth Quarter 2023 Financial Results
28 Feb 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
AvidXchange Announces Third Quarter 2023 Financial Results
8 Nov 23
8-K/A
AvidXchange Announces Second Quarter 2023 Financial Results
1 Sep 23
10-Q
2023 Q2
Quarterly report
4 Aug 23
8-K
AvidXchange Announces Second Quarter 2023 Financial Results
2 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
27 Jun 23
8-K
We'll Begin Shortly © AvidXchange Holdings, Inc. 2023
1 Jun 23
Transcripts
AVDX
Earnings call transcript
2023 Q4
28 Feb 24
AVDX
Earnings call transcript
2023 Q3
8 Nov 23
AVDX
Earnings call transcript
2023 Q2
2 Aug 23
AVDX
Earnings call transcript
2023 Q1
3 May 23
AVDX
Earnings call transcript
2022 Q4
1 Mar 23
AVDX
Earnings call transcript
2022 Q3
2 Nov 22
AVDX
Earnings call transcript
2022 Q2
7 Aug 22
AVDX
Earnings call transcript
2022 Q1
8 May 22
AVDX
Earnings call transcript
2022 Q1
5 May 22
AVDX
Earnings call transcript
2021 Q4
8 Mar 22
Latest ownership filings
3
Arthur J Rubado III
28 Mar 24
3
ONI CHUKWU
28 Mar 24
4
Daniel Drees
22 Mar 24
4
Angelic Gibson
20 Mar 24
144
Notice of proposed sale of securities
20 Mar 24
144/A
Notice of proposed sale of securities (amended)
20 Mar 24
4
Joel Wilhite
19 Mar 24
4
Ryan Stahl
19 Mar 24
4
Daniel Drees
19 Mar 24
144/A
Notice of proposed sale of securities (amended)
19 Mar 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 339.93 mm | 339.93 mm | 339.93 mm | 339.93 mm | 339.93 mm | 339.93 mm |
Cash burn (monthly) | (no burn) | 5.93 mm | 3.21 mm | 6.01 mm | (no burn) | 819.00 k |
Cash used (since last report) | n/a | 39.69 mm | 21.48 mm | 40.24 mm | n/a | 5.48 mm |
Cash remaining | n/a | 300.25 mm | 318.45 mm | 299.69 mm | n/a | 334.45 mm |
Runway (months of cash) | n/a | 50.6 | 99.2 | 49.9 | n/a | 408.4 |
Institutional ownership, Q3 2023
84.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 169 |
Opened positions | 32 |
Closed positions | 23 |
Increased positions | 66 |
Reduced positions | 45 |
13F shares | Current |
---|---|
Total value | 1.42 tn |
Total shares | 172.52 mm |
Total puts | 54.90 k |
Total calls | 149.40 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 18.48 mm | $175.21 bn |
Bain Capital Venture Investors | 14.14 mm | $134.05 bn |
MA Mastercard Incorporated - Ordinary Shares | 12.40 mm | $186.67 mm |
Senvest Management | 12.30 mm | $116.59 bn |
BLK Blackrock | 10.67 mm | $101.16 bn |
Bain Capital Venture Fund 2014 | 9.75 mm | $0.00 |
Lord, Abbett & Co. | 5.40 mm | $51.22 bn |
Lone Pine Capital | 5.08 mm | $48.16 bn |
BK Bank Of New York Mellon | 4.62 mm | $43.81 bn |
North Reef Capital Management | 4.51 mm | $42.75 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Mar 24 | Daniel Drees | Common Stock | Sell | Dispose S | No | Yes | 13.0165 | 17,604 | 229.14 k | 750,744 |
15 Mar 24 | Joel Wilhite | Common Stock | Sell | Dispose S | No | Yes | 12.28 | 136,158 | 1.67 mm | 454,878 |
15 Mar 24 | Daniel Drees | Common Stock | Sell | Dispose S | No | Yes | 12.3698 | 12,978 | 160.54 k | 768,348 |
News
What's Going On With AvidXchange Stock Monday?
15 Apr 24
Goldman Sachs Downgrades AvidXchange Holdings to Sell, Lowers Price Target to $11.5
15 Apr 24
Piper Sandler Maintains Neutral on AvidXchange Holdings, Lowers Price Target to $12
12 Apr 24
A Glimpse Into The Expert Outlook On AvidXchange Holdings Through 6 Analysts
9 Apr 24
Keefe, Bruyette & Woods Initiates Coverage On AvidXchange Holdings with Market Perform Rating, Announces Price Target of $13.5
9 Apr 24
Press releases
AvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's Marketplace
18 Apr 24
AvidXchange Announces Timing of Its First Quarter 2024 Financial Results Conference Call and Webcast
9 Apr 24
AvidXchange to Participate in Wolfe FinTech Forum 2024
7 Mar 24
AvidXchange Announces Fourth Quarter 2023 Financial Results
28 Feb 24