AvePoint Q1 revenue $74.5M (+25% YoY); raises FY2024 guidance

AvePoint, Inc.

2025-Q1 EPS reported -$0.01 revenue$74,534,000

SaaS revenue $51.3M (+44% YoY); total ARR $274.5M (+23% YoY).
GAAP operating loss improved to ($3.2M) from ($8.8M) YoY.
Non-GAAP operating income $6.6M vs. ($0.3M) loss in prior year.
Cash from operations $7.8M vs. $1.3M YoY; cash & equivalents $219.3M.
FY2024 ARR guidance raised to $316.8-321.8M; non-GAAP op income $30-32M.

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 0.95

AvePoint, Inc. reported first quarter ended March 31, 2024 results: revenue $74.5 million. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $74.5 million
Guidance: raised
Result: reported results

Exact text from the filing

99.1 AvePoint Announces First Quarter 2024 Financial Results First quarter SaaS revenue of $51.3 million, representing 44% year-over-year growth First quarter Total revenue of $74.5 million, representing 25% year-over-year growth Total ARR of $274.5 million, representing 23% year-over-year growth JERSEY CITY, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ:

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Source: SEC EDGAR

accession 0001171843-24-002717

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