AvidXchange Holdings, Inc (AVDX) shares plunged 12.79% in the pre-market session on Wednesday, after the company reported better-than-expected Q4 2024 earnings but provided weaker-than-expected revenue guidance for fiscal 2025.
The accounts payable automation software provider reported Q4 2024 revenue of $115.4 million, up 10.9% year-over-year, driven by growth in transactions processed and payment volume. Adjusted EBITDA improved to $26.3 million from $15.6 million in Q4 2023, reflecting operating leverage and margin expansion.
However, AvidXchange's revenue outlook for fiscal 2025 fell short of analysts' expectations. The company guided for 2025 revenue in the range of $453 million to $460 million, below the consensus estimate of $483.1 million. AvidXchange cited a challenging macroeconomic environment and the absence of political revenue as factors weighing on its top-line growth expectations for the year.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。