earnings
confidence high
sentiment neutral
materiality 0.60
AvePoint Q2 rev $55.7M (+23%); SaaS $27.6M (+34%); ARR $178.2M
AvePoint, Inc.
- Total revenue $55.7M, up 23% YoY (31% cc); SaaS revenue $27.6M, up 34% YoY (43% cc).
- ARR $178.2M, up 28% YoY (29% adj. for FX); dollar-based net retention 106% (107% adj. FX).
- Non-GAAP operating loss $(1.3)M vs income $3.3M last year; GAAP operating loss $(11.8)M.
- Q3 guidance: rev $62-64M, non-GAAP op income $1-2M. FY guidance: rev $230-234M, ARR $202-206M.
- Repurchased ~1.9M shares for ~$10M under buyback program through June 30, 2022.