09:02 AM EDT, 05/08/2024 (MT Newswires) -- AvidXchange Holdings ( AVDX ) reported Q1 breakeven earnings Wednesday compared with a loss of $0.08 per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.03 per share.

Revenue for the quarter ended March 31 was $105.6 million, up from $86.8 million a year earlier. Analysts surveyed by Capital IQ expected $102.8 million.

The financial technology company said it expects 2024 revenue of $442 million to $448 million, up from its prior guidance of $441 million to $447 million. Analysts polled by Capital IQ expect $447.7 million.

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