AvidXchange Announces Timing of Its Fourth Quarter 2024 Financial Results Conference Call and Webcast
Friday, Jan 17, 2025 4:08 pm ET
4min read AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, has announced the timing of its fourth quarter 2024 financial results conference call and webcast. The company will release its financial results on Wednesday, February 26, 2025, and will host a conference call at 10:00 AM ET on the same day to discuss the results. The call will be broadcast live via webcast at
AvidXchange's fourth quarter 2024 financial results are expected to provide valuable insights into the company's performance and growth prospects. The company has been on a strong financial trajectory, with revenue growth and margin expansion in recent quarters. In the third quarter of 2024, AvidXchange reported total revenue of $112.8 million, a 14.3% increase year-over-year, and adjusted EBITDA of $23.3 million, nearly doubling from the prior year. The company has also been focused on maintaining a strong balance sheet, with cash and marketable securities of $443.6 million as of December 31, 2024.
Investors and stakeholders will be eager to hear more about AvidXchange's financial performance and strategic initiatives during the upcoming conference call. The company's strong financial performance and commitment to growth and innovation have positioned it well in the competitive software industry. As AvidXchange continues to navigate the macroeconomic environment, investors can expect the company to provide valuable insights into its financial performance and growth prospects during the fourth quarter 2024 financial results conference call and webcast.
In conclusion, AvidXchange's announcement of the timing of its fourth quarter 2024 financial results conference call and webcast is an important milestone for the company and its investors. The upcoming financial results and conference call will provide valuable insights into the company's performance and growth prospects, as well as its strategic initiatives and commitment to innovation. Investors and stakeholders should stay tuned for more information and updates from AvidXchange as the company continues to execute on its growth strategy.
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