earnings
confidence high
sentiment positive
materiality 0.70
AvePoint Q1 revenue $50.3M (+30% YoY); SaaS revenue up 45% to $26.6M
AvePoint, Inc.
2022-Q1 EPS reported
-$0.06
revenue$50,291,000
- Total ARR $167.4M, up 30% YoY; dollar-based net retention rate 108%.
- Non-GAAP operating loss $(5.6)M vs $(2.6)M prior year; cash $260M.
- Q2 revenue guidance $54-56M (~21% YoY growth); FY22 revenue $238-244M (~26% growth).
- Repurchased 945k shares for ~$4.8M under share repurchase program.
- Introduced ransomware detection, AvePoint Entrust and Confide products.