AvePoint Q1 beat: SaaS rev $35.5M, +34% YoY; raised FY ARR/rev/op income guidance

AvePoint, Inc.

Total Q1 revenue $59.6M (+18% YoY; +23% cc). SaaS revenue $35.5M (+34% YoY; +39% cc).
GAAP operating loss improved to $(8.8)M from $(13.8)M; non-GAAP operating loss $(0.3)M from $(5.5)M.
Total ARR $222.4M (+26% YoY; +31% cc). Dollar-based net retention rate 102% (106% adj. FX).
Raised Q2 2023 total revenue guide to $60.5-62.5M; FY total ARR to $255-261M and non-GAAP op income to $13.9-16.2M.
Cash and short-term investments $231.7M as of March 31, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AvePoint, Inc. reported first quarter ended March 31, 2023 results: revenue $59.6 million. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $59.6 million
Guidance: raised
Result: reported results

Exact text from the filing

2023 Financial Results First quarter SaaS revenue of $35.5 million, representing 34% year-over-year growth, 39% adjusted for constant currency First quarter Total revenue of $59.6 million, representing 18% year-over-year growth, 23% adjusted for constant currency Total ARR of $222.4 million, representing 26% year-over-year growth, 31% adjusted for FX impact JERSEY

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Source: SEC EDGAR

accession 0001171843-23-003148

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