AvidXchange Shares Sink After Lower-Than-Expected Outlook

Dow Jones

Feb 27, 2025

By Connor Hart

Shares of AvidXchange Holdings fell to a more than two-year low after the company's 2025 outlook underwhelmed investors.

The stock was trading 18% lower, at $7.46, in midday trading Wednesday, marking a slight rebound from its low of $6.96 earlier in the day. Shares are down 41% in the past year.

Before the bell, the Charlotte, N.C., payments company forecast adjusted per-share earnings of 25 cents to 27 cents for the year, missing analyst views for 34 cents, according to FactSet.

The company also guided for revenue of $453 million to $460 million, below the $483.2 million that analysts modeled.

Chief Executive Michael Praeger said he anticipates continued macroeconomic challenges to hurt revenue in 2025.

For the fourth quarter, AvidXchange reported a profit of $4.7 million, or two cents a share, compared with a loss of $4.5 million, or two cents a share, a year earlier.

Adjusted earnings came in at eight cents a share. Analysts surveyed by FactSet modeled adjusted earnings of seven cents a share.

Revenue increased 11% to $115.4 million, just ahead of the $114.9 million that analysts expected.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 26, 2025 11:46 ET (16:46 GMT)

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Shares are down 41% in the past year. \n\n\n  Before the bell, the Charlotte, N.C., payments company forecast adjusted per-share earnings of 25 cents to 27 cents for the year, missing analyst views for 34 cents, according to FactSet. \n\n\n  The company also guided for revenue of $453 million to $460 million, below the $483.2 million that analysts modeled. \n\n\n  Chief Executive Michael Praeger said he anticipates continued macroeconomic challenges to hurt revenue in 2025. \n\n\n  For the fourth quarter, AvidXchange reported a profit of $4.7 million, or two cents a share, compared with a loss of $4.5 million, or two cents a share, a year earlier. \n\n\n  Adjusted earnings came in at eight cents a share. Analysts surveyed by FactSet modeled adjusted earnings of seven cents a share. \n\n\n  Revenue increased 11% to $115.4 million, just ahead of the $114.9 million that analysts expected. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 26, 2025 11:46 ET (16:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}