AvidXchange Holdings, Inc. (AVDX) Q3 2024 Earnings Call Transcript Summary
AvidXchange Holdings, Inc. (AVDX) Q3 2024 Earnings Call Transcript Summary
GAAP net income was $4 million compared to a net loss of $8.1 million in Q3 2023, demonstrating significant financial improvement.The following is a summary of the AvidXchange Holdings, Inc. (AVDX) Q3 2024 Earnings Call Transcript:
以下是AvidXchange Holdings, Inc. (AVDX) 2024年第三季度業績會議記錄摘要：
Financial Performance:
財務表現:
Revenue for Q3 2024 was $112.8 million, marking a 14.3% increase year-over-year.
Non-GAAP gross margins improved to 74.5%, up 450 basis points, reflecting cost efficiencies and yield expansion.
GAAP net income was $4 million compared to a net loss of $8.1 million in Q3 2023, demonstrating significant financial improvement.
Adjusted EBITDA more than doubled to $23.3 million from $11.4 million in the prior year.
2024年第三季度營業收入爲11280萬美元，同比增長14.3%。
非通用會計原則毛利率提高至74.5%，增加450個點子，反映成本效率和產量擴大。
根據通用會計原則，淨利潤爲400萬美元，較2023年第三季度的810萬美元淨虧損有顯著財務改善。
調整後EBITDA從去年的1140萬美元增加至2330萬美元以上。
Business Progress:
業務進展：
AvidXchange has strengthened its product offerings with innovations like Payment Accelerator 2.0 and enhancements in spend management.
New strategic partnerships with banks like Cadence Bank and Orange Bank & Trust aim to expand market reach and drive transaction volumes.
Enhanced integration capabilities with ERP systems are improving service delivery to sectors like healthcare and real estate.
AvidXchange通過創新產品如Payment Accelerator 2.0以及支出管理方面的改進，加強了其產品系列。
與類似Cadence銀行和Orange銀行與Trust等銀行建立的新戰略合作關係旨在擴大市場覆蓋範圍並推動交易量增長。
增強與ERP系統的集成能力正在改善向醫療保健和房地產等行業的服務交付。
Opportunities:
機會：
Mastercard's restructuring to focus more on B2B payments represents an opportunity for AvidXchange to deepen its strategic partnership and expand its market presence.
The burgeoning demand for accounts payable and payments automation in middle-market companies presents a growth opportunity, enhanced by new customer acquisition channels and product innovations.
萬事達的重組以更多關注於20億美元支付，爲AvidXchange提供了加深戰略合作關係和擴大市場份額的機會。
中型企業對應付賬款和支付自動化的需求不斷增長，爲新客戶獲取渠道和產品創新提供增長機會。
Risks:
風險：
Despite strong current performance, AvidXchange acknowledges the uncertainty of macroeconomic conditions that could affect transaction volumes and retention.
The company is also currently experiencing GAAP gross margin improvements but maintains caution about consistent future growth amid potential economic fluctuations.
儘管AvidXchange目前表現強勁，但承認宏觀經濟狀況的不確定性可能影響交易量和留存。
公司目前也在經歷GAAP毛利率的改善，但對未來穩定增長保持謹慎，尤其是在潛在經濟波動之際。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
