8-K
filed February 29, 2024, 6:59 PM ET
ticker AVPT
CIK 0001777921
earnings
confidence high
sentiment positive
materiality 0.75
AvePoint beats Q4/FY23 outlook; SaaS rev +37% YoY; guides FY24 ARR $315-321M
AvePoint, Inc.
2025-FY EPS
reported -$0.12
vs consensus $0.09
▼ miss
(-232.0%)
- Q4 total revenue $74.6M (+17% YoY); SaaS revenue $45.3M (+37% YoY); GAAP operating income $0.9M vs loss of $(8.0M) prior year.
- FY23 total revenue $271.8M (+17% YoY); Non-GAAP op income $22.2M vs loss of $(2.9M) prior year; cash from ops $34.7M.
- ARR $264.5M (+23% YoY); dollar-based net retention rate 108% (109% adjusted for FX).
- Q1 2024 revenue guidance $71.4-73.4M; FY2024 revenue guidance $308.6-316.6M and Non-GAAP op income $27.4-30.4M.
- Launched AvePoint Opus AI-powered information lifecycle solution and AvePoint AI program; invested in A3Ventures fund.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
AvePoint, Inc. reported full year 2024 results: revenue Total revenues of $308.6 million to $316.6 million. Guidance reaffirmed.
- Period
- full year 2024
- Revenue
- Total revenues of $308.6 million to $316.6 million
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
For the full year 2024, the Company expects: Total ARR of $314.7 million to $320.7 million, or year-over-year growth of 20% at the midpoint. Total revenues of $308.6 million to $316.6 million, or year-over-year growth of 15% at the midpoint. Non-GAAP operating income of $27.4 million to $30.4 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
AvePoint, Inc. reported Fourth Quarter 2023 results: revenue Total revenue was $74.6 million.
- Period
- Fourth Quarter 2023
- Revenue
- Total revenue was $74.6 million
- Result
- reported results
Exact text from the filing
Total revenue was $74.6 million, up 17% from the fourth quarter of 2022. Within total revenue, SaaS revenue was $45.3 million, up 37% from the fourth quarter of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
AvePoint, Inc. reported first quarter of 2024 results: revenue Total revenues of $71.4 million to $73.4 million. Guidance reaffirmed.
- Period
- first quarter of 2024
- Revenue
- Total revenues of $71.4 million to $73.4 million
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
For the first quarter of 2024, the Company expects: Total revenues of $71.4 million to $73.4 million, or year-over-year growth of 22% at the midpoint. Non-GAAP operating income of $3.3 million to $4.3 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
AvePoint, Inc. reported Full Year 2023 results: revenue Total revenue was $271.8 million.
- Period
- Full Year 2023
- Revenue
- Total revenue was $271.8 million
- Result
- reported results
Exact text from the filing
Total revenue was $271.8 million, up 17% from the full year 2022. Within total revenue, SaaS revenue was $161.0 million, up 37% from the full year 2022.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.