AvidXchange Holdings Q1 2024 Adj EPS $0.05 Beats $0.03 Estimate, Sales $105.598M Beat $102.919M Estimate

AvidXchange Holdings (NASDAQ:AVDX) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.03 by 66.67 percent. This is a 350 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $105.598 million which beat the analyst consensus estimate of $102.919 million by 2.60 percent. This is a 21.63 percent increase over sales of $86.822 million the same period last year.