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  "documentTitle": "AvidXchange | Investor Presentation Deck | 40 slides",
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  "presentationDate": "2023-06-01 00:00:00",
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      "text": "Private & confidential. Do not reproduce without express written permission of AvidXchange.",
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      "text": "$(millions)",
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      "text": "(1) A reconciliation of adjusted EBITDA to GAAP net loss on a forward-looking basis is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the items excluded from this non-GAAP measure\n(2) The non-GAAP adjusted EBITDA guidance does not include non-recurring costs that AvidXchange has incurred or expects to incur relating to its response to a cyber security incident that AvidXchange detected in early April 2023 as part of its security monitoring protocols. In response to the incident, AvidXchange launched an investigation with the support of leading cybersecurity experts, reached out to law enforcement and has taken and will continue to take actions to implement additional additional safeguards. The incident has not had a material impact on the ability of AvidXchange's customers to use its products and services. The investigation, which is ongoing, has so far revealed that the incident affected certain of AvidXchange's systems and that some data from these systems was exfiltrated. AvidXchange posted notice of the event on its website and is committed to notifying any impacted customers. AvidXchange maintains cyber insurance and will likely seek reimbursement for certain expenses incurred in connection with this event although the extent to which its insurance will cover such expenses remains uncertain",
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      "text": "FY 2023\nLOW\nHIGH\nRevenue\n$363.0\n$368.0\n% YoY Growth\n14.7%\n16.3%\nAdjusted EBITDA (1&2)\n$2.0\n$4.0",
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