earnings
confidence high
sentiment positive
materiality 0.75
AvePoint Q3 revenue $62.7M (+16% YoY); SaaS rev $30M (+34%); ARR $191.7M (+30%)
AvePoint, Inc.
- GAAP operating loss narrowed to $(7.4)M from $(28.7)M YoY; non-GAAP operating income $2.2M.
- SaaS revenue $30.0M (+34% YoY, +45% constant currency); total revenue $62.7M (+16% YoY, +26% constant currency).
- Total ARR $191.7M (+30% YoY, +34% FX-adjusted); dollar-based net retention rate 106% (108% FX-adjusted).
- Q4 2022 guidance: revenue $63-65M, non-GAAP op income $1.5-3.5M; full-year revenue raised to $231.7-233.7M.
- Completed acquisitions of tyGraph and Essential; repurchased ~4M shares for $19.6M through Sept 30.