{ "docId": "019de515-27d8-774b-8804-4ec9c545001a", "docSlug": "c1ea86d439a604fe318d614484eaeff5", "documentTitle": "AvidXchange | Results Presentation Deck | 16 slides", "authorId": "avidxchange", "authorName": "AvidXchange", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 16, "pageCount": 16, "prevPage": 15, "nextPage": null, "slideType": "revenue_buildup", "function": "decompose_segments", "density": "overcrowded", "nDataPoints": 100, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de515-27d8-774b-8804-4ec9c545001a/16", "deckHref": "/decks/019de515-27d8-774b-8804-4ec9c545001a", "deckJsonHref": "/decks/019de515-27d8-774b-8804-4ec9c545001a.json", "deckAnchorHref": "/decks/019de515-27d8-774b-8804-4ec9c545001a#slide-16", "components": [ { "bbox": { "h": 0.026, "w": 0.147, "x": 0.034, "y": 0.81 }, "kind": "image", "text": "avidxchange™™", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0bf6ab57-568d-4a69-a934-4d894f1bc1ad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.126, "x": 0.039, "y": 0.147 }, "kind": "paragraph", "text": "$(THOUSANDS)", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "97f154df-34e2-4261-88ee-aea4767d0b06", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.018, "x": 0.953, "y": 0.823 }, "kind": "source-note", "text": "16", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e775e1ed-9c4b-4ebe-b62c-32997d0d7fba", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.63, "w": 0.643, "x": 0.188, "y": 0.186 }, "kind": "table", "text": "Reconciliation of Cost of Revenue and Operating Expenses to Non-GAAP Cost of Revenue and Operating Expenses (in thousands) Three Months Ended December 31, Year Ended December 31, 2022 2021 2022 2021 Cost of revenues (exclusive of depreciation and amortization expense) $ 31,188 $ 28,747 $ 117,864 $ 100,090 Adjustment: Stock-based compensation expense (983) (2,545) (4,113) (2,775) Non-GAAP Cost of revenues (exclusive of depreciation and amortization $ 30,205 $ 26,202 $ 113,751 $ 97,315 Operating expenses Sales and marketing $ 19,805 $ 19,763 $ 77,733 $ 63,939 Adjustment: Stock-based compensation expense (1,257) (3,533) (4,800) (4,105) Non-GAAP Sales and marketing $ 18,548 $ 16,230 $ 72,933 $ 59,834 Research and development $ 21,729 $ 21,922 $ 83,905 $ 65,147 Adjustment: Stock-based compensation expense (2,200) (4,215) (8,953) (4,675) Non-GAAP Research and development $ 19,529 $ 17,707 $ 74,952 $ 60,472 General and administrative $ 28,680 $ 50,319 $ 91,384 $ 95,817 Adjustment: Stock-based compensation expense (3,631) (8,026) (13,972) (9,873) Adjustment: Transaction and acquisition-related costs (1,708) (17,241) (1,988) (20,949) Adjustment: Non-recurring items not indicative of ongoing operations (2,659) (3,628) (3,945) (53,852) Adjustment: Non-recurring items not indicative of ongoing operations (1,473) (4,143) (1,473) (4,143) Non-GAAP General and administrative $ 19,209 $ 17,281 $ 70,006 $ 7,000 Impairment and write-off of intangible assets $ - $ 838 $ - $ 1,412 Adjustment: Impairment and write-off of intangible assets (838) (1,412) Non-GAAP Impairment and write-off of intangible assets $ - $ - $ - $ - Depreciation and amortization $ 8,458 $ 8,404 $ 32,842 $ 30,738 Adjustment: Amortization of acquired intangibles (3,623) (3,675) (14,575) (12,856) Non-GAAP Depreciation and amortization $ 4,835 $ 4,729 $ 18,267 $ 17,882 Total operating expenses $ 78,672 $ 101,246 $ 285,864 $ 257,053 Total Non-GAAP operating expenses $ 62,121 $ 55,947 $ 236,158 $ 145,188", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1a10cfb5-a9d3-4baa-9ccd-d9c179239fff", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.036, "w": 0.601, "x": 0.039, "y": 0.101 }, "kind": "title", "text": "NON-GAAP RECONCILIATION", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f1ffaecf-1b21-486c-82ed-3f2949c86050", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "ed4f9703-daba-4a44-acca-c5e8538d667d", "evidence": "table/data: Reconciliation of Cost of Revenue and Operating Expenses to Non-GAAP Cost of Revenue and Operating Expenses (in thousands)", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 16, "from": 11, "beatId": "bc68b8ed-a3c2-40d1-9339-32d5ba176e3a", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Future Potential", "beatSlug": "sparkline-what-could-be-2", "evidence": "Slides 11-16 provide financial outlook and reconciliation", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 16, "from": 5, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "38addd8f-0788-41f4-b893-10ec92d12586", "evidence": "Slides 5-16 imply the cost of not growing or improving financially", "position": 1, "objective": "Highlight the importance of growth", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }