How did AVDX's revenue and expenses trend in Q4 2024?

AvidXchange (AVDX) experienced a significant revenue increase in Q4 2024, with Services generating $4.3 million in revenue. However, the company's net income was $4.67 million, indicating a strong profitability despite the revenue growth. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |AVDX|AVDX.O|AvidXchange|20240101-2024|Services|4303000|185| |AVDX|AVDX.O|AvidXchange|20240101-2024|Services|3154000|185| |AVDX|AVDX.O|AvidXchange|20240101-2024|Services|1743000|185| |AVDX|AVDX.O|AvidXchange|20240101-2024|Services|708000|185| |AVDX|AVDX.O|AvidXchange|20240101-2024|Software|2.9688E7|185| |AVDX|AVDX.O|AvidXchange|20240101-2024|Services|708000|185| |AVDX|AVDX.O|AvidXchange|20240101-2024|Payment|7.5202E7|185| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |AVDX|AVDX.O|AvidXchange|2024 Q1|93.68980612883053|-1009000|185| |AVDX|AVDX.O|AvidXchange|2024 Q2|102.32273187363485|436000|185| |AVDX|AVDX.O|AvidXchange|2024 Q3|150.01853911753798|4047000|185| |AVDX|AVDX.O|AvidXchange|2024 Q4|204.42655935613683|4671000|185| |code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code| |---|---|---|---|---|---|---| |AVDX|AVDX.O|AvidXchange|2024 Q1|71.275|7.904955831258005|185| |AVDX|AVDX.O|AvidXchange|2024 Q2|71.1674|7.083863104597529|185| |AVDX|AVDX.O|AvidXchange|2024 Q3|71.8122|6.701435321387176|185| |AVDX|AVDX.O|AvidXchange|2024 Q4|72.2557|6.04395523757109|185|