AvidXchange Holdings, Inc. (NASDAQ:AVDX) Q4 2022 Earnings Conference Call March 1, 2023 10:00 AM ET

Company Participants

Mike Praeger - Co-Founder & Chief Executive Officer

Joel Wilhite - Chief Financial Officer

Conference Call Participants

Dave Koning - Baird

Will Nance - Goldman Sachs

Ramsey El-Assal - Barclays

Andrew Bauch - SMBC Nikko Securities

Bryan Keane - Deutsche Bank

Josh Beck - KeyBanc

James Faucette - Morgan Stanley

Timothy Chiodo - Credit Suisse

Brent Bracelin - Piper Sandler

Darrin Peller - Wolfe Research

Tien-Tsin Huang - JPMorgan

Operator

Good morning everyone and thank you for joining us for the AvidXchange Exchange Holdings Inc. Fourth Quarter 2022 Earnings Call. Joining us on the call today are Mike Praeger, AvidXchange Co-Founder and Chief Executive Officer; Joel Wilhite, AvidXchange's Chief Financial Officer; and Subhaash Kumar, AvidXchange's Head of Investor Relations.

Before we begin today's call, management has asked me to relay the forward-looking statements disclaimer that is included at the end of today's press release. This disclaimer emphasizes the major uncertainties and risks inherent in the forward-looking statements the company will make this afternoon.

Please keep these uncertainties -- risks in mind as the company discusses future strategic initiatives, potential market opportunities, optional outlook, and financial guidance during today's call. Also please note that the company undertakes no duty to update or revise forward-looking statements.

Today's call will also include a discussion of non-GAAP financial measures as that term is defined in Regulation G. Non-GAAP financial measures should not be considered in isolation from or as substitute for financial information presented in compliance with GAAP.

Accordingly at the end of today's press release, the company has provided a reconciliation of these non-GAAP financial measures to the financial results prepared in accordance with GAAP.

I will now turn the call over to Mike Praeger. Please go ahead.

Mike Praeger

Thank you everyone for joining us today. Joel Wilhite and I are excited to discuss AvidXchange's fourth quarter 2022 results. We had another quarter of healthy financial and operating performance leading to a strong finish in our first full year as a public company and what a productive and successful year 2022 was.

As highlighted by three core themes to our success, which include our talent, our products, and our financial performance. Our first theme relates to the incredible talent we continue to assemble across all our key functions to support our objective of delivering profitable, long-term organic 20%-plus average revenue growth for our business.