AvePoint Q3 revenue $72.8M (+16% YoY); raises FY guidance

AvePoint, Inc.

2024-Q3 EPS reported -$0.14 revenue$197,201,000

SaaS revenue $41.9M (+40% YoY); total ARR $250.6M (+23% YoY, +25% FX-adj).
Non-GAAP operating income $9.3M vs. $2.4M a year ago; GAAP op loss improved to $0.3M from $7.4M.
Cash & short-term investments $209.3M at quarter end.
Q4 revenue guidance $70.5-72.5M; FY ARR raised to $261-263M, revenue to $267.7-269.7M.
Dollar-based net retention rate 108% (FX-adj); gross retention 87% (FX-adj).

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 third quarter ended September 30, 2023 results: revenue $72.8 million. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $72.8 million
Guidance: raised
Result: reported results

Exact text from the filing

99.1 AvePoint Announces Third Quarter 2023 Financial Results Third quarter SaaS revenue of $41.9 million, representing 40% year-over-year growth Third quarter Total revenue of $72.8 million, representing 16% year-over-year growth Total ARR of $250.6 million, representing 23% year-over-year growth, 25% adjusted for FX JERSEY CITY, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE)

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AvePoint, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-006952

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