earnings
confidence high
sentiment positive
materiality 0.75
AvePoint Q3 revenue $88.8M (+22% YoY); raises FY2024 guidance
AvePoint, Inc.
2024-Q3 EPS reported
-$0.07
revenue$241,299,000
- Total revenue $88.8M (+22% YoY), SaaS revenue $60.9M (+45% YoY).
- GAAP operating income $7.7M vs $(0.3M) loss YoY; non-GAAP op margin 20.1% vs 12.8%.
- ARR $308.9M (+23% YoY); net retention rate 110% (adjusted for FX).
- Nine-month cash from ops $56.1M vs $13.3M prior year; cash balance $250M.
- Raised FY2024 guidance: ARR $324.9-326.9M, revenue $327.8-329.8M, non-GAAP op income $45.8-46.8M.