AvidXchange Holdings, Inc. (NASDAQ:AVDX) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET
Company Participants
Mike Praeger - Co-Founder and Chief Executive Officer
Joel Wilhite - Chief Financial Officer
Conference Call Participants
Dave Koning - Baird
William Nance - Goldman Sachs
Darrin Peller - Wolfe Research
Josh Beck - KeyBanc
Brad Sills - Bank of America
Andrew Bauch - SMBC Nikko Securities
Ramsey El-Assal - Barclays
James Faucette - Morgan Stanley
Brent Bracelin - Piper Sandler
Timothy Chiodo - Credit Suisse
Tien-Tsin Huang - JPMorgan
Operator
Good evening, everyone, and thank you for joining us for the AvidXchange Holdings, Inc. Third Quarter 2022 Earnings Call. Joining us on the call today is Mike Praeger, AvidXchange Co-Founder and Chief Executive Officer; Joel Wilhite, AvidXchange Chief Financial Officer; and Subhaash Kumar, AvidXchange 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 and risks in mind as the company discusses future strategic initiatives, potential market opportunities, operational 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 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 a 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 financial results prepared in accordance with GAAP.
With that, I would now turn the call over to Mike Praeger.
Mike Praeger
Thank you, everyone, for joining us today. Joe Wilhite and I are excited to discuss AvidXchange's third quarter 2022 results and the continued momentum we are experiencing across our business, driven by our middle market focus in the four growth years of our AvidXchange business flywheel that drives our business.
As we anniversary our initial publicly offering, it is noteworthy that today’s volatile economic backdrop is somewhat analogous to the one that existed during our founding back in 2000. Since then and since our IPO, we have not only demonstrated our durability, but also have thrived laying the foundation for our relentless focus on driving customer innovation, value creation for both customers and shareholders, and strong financial and operating performance.