AvePoint Q2 revenue $64.9M (+16% YoY); raises FY23 guidance; turns non-GAAP profitable

AvePoint, Inc.

SaaS revenue $38.3M (+39% YoY); total ARR $236.2M (+26% YoY, +30% FX-adjusted).
GAAP operating loss improved to $(7.1)M from $(11.7)M; non-GAAP operating income $2.9M vs ($1.2)M.
Raises FY23 outlook: total ARR $258-263M, revenue $261.9-265.9M, non-GAAP op income $15.9-17.4M.
Q3 guidance: revenue $67.6-69.6M, non-GAAP op income $5-6M.
Cash and short-term investments $222.9M; as-reported dollar-based net retention rate 104%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AvePoint, Inc. reported second quarter ended June 30, 2023 results: revenue $64.9 million. Guidance raised.

Period: second quarter ended June 30, 2023
Revenue: $64.9 million
Guidance: raised
Result: reported results

Exact text from the filing

AvePoint Announces Second Quarter 2023 Financial Results Second quarter SaaS revenue of $38.3 million, representing 39% year-over-year growth Second quarter Total revenue of $64.9 million, representing 16% year-over-year growth Total ARR of $236.2 million, representing 26% year-over-year growth, 30% adjusted for FX impact JERSEY CITY, N.J., Aug. 09, 2023 (GLOBE

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Source: SEC EDGAR

accession 0001171843-23-005148

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