AV

Avidxchange Holdings IncNASDAQ AVDX Stock Report

Last reporting period 30 Jun, 2024

Updated 06 Nov, 2024

Last price

Market cap $B

1.706

Small

Exchange

XNAS - Nasdaq

AVDX Stock Analysis

AV

Uncovered

Avidxchange Holdings Inc is uncovered by Eyestock quantitative analysis.

Rating

To assess the quality of a company's business, we have collected all financial data from the statements and presented them in the form of a single number - the company's rating. Rating value of 100 is the threshold for determining a viable investment.

31/100

Low score

Market cap $B

1.706

Dividend yield

Shares outstanding

199.43 B

AvidXchange Holdings, Inc. engages in the provision of accounts payable (AP) automation software and payment solutions. The company is headquartered in Charlotte, North Carolina and currently employs 1,600 full-time employees. The company went IPO on 2021-10-13. The firm provides end to end software-as a service (SaaS) and payment platform that digitizes and automates the AP workflows. The Company’s products include AP Automation Software, AvidPay Network and Cash Flow Manager. The firm has developed its technology platform that provides solutions to buyer’s unique middle market workflow challenges. The Company’s operating business is through paper-intensive back offices, particularly in their AP workflows. The firm has built a two-sided network that connects buyers and suppliers, drives digital transformation, in AP workflows, accelerates payments and enables insight into critical analytics. The Company’s targeted marketing includes both digital and traditional brand campaigns, targeted advertisements, social, thought leadership pieces, trade shows, and webinars.

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