Päivitetään taas Q-raporttia samalla, kun käyn itsekin sitä läpi. Pidetään ketju hengissä, vaikka yleinen kiinnostus ilmeisen vähäistä yritystä kohtaan
Kasvu jatkuu liikevaihdon ja ARR osalta. 2023 näkymiä nostettu liikevaihdon osalta, mutta erityisesti ARR kasvuennuste lisääntynyt
Viimeinen rivi punaisella edelleen, EPS -0,05$, vähemmän kuin aiemmin ja kassassa hyvin rahaa. Kasvuun laitetaan panostuksia
https://ir.avepoint.com/news/news-details/2023/AvePoint-Announces-First-Quarter-2023-Financial-Results/default.aspx
First Quarter 2023 Financial Highlights
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Revenue: Total revenue was $59.6 million, up 18% from the first quarter of 2022 and up 23% year-over-year on a constant currency basis. Within total revenue, SaaS revenue was $35.5 million, up 34% from the first quarter of 2022 and up 39% on a constant currency basis.
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Gross Profit: GAAP gross profit was $41.7 million, compared to $35.5 million for the first quarter of 2022. Non-GAAP gross profit was $42.6 million, compared to $36.1 million for the first quarter of 2022. Non-GAAP gross margin was 71.5%, compared to 71.8% for the first quarter of 2022.
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Operating Income/(Loss): GAAP operating loss was (8.8) million, compared to (13.8) million for the first quarter of 2022. Non-GAAP operating loss was (0.3) million, compared to (5.5) million for the first quarter of 2022.
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Cash and short-term investments: $231.7 million as of March 31, 2023.
First Quarter 2023 Key Performance Indicators and Business Highlights
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ARR as of March 31, 2023 was $222.4 million, up 26% year-over-year. Adjusted for FX, ARR grew 31%.
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Dollar-based gross retention rate was 84%, while dollar-based net retention rate was 102%. Adjusted for FX, dollar-based gross retention rate was 87%, while dollar-based net retention rate was 106%.
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Launched first-to-market governance, management, data protection and migration support for Microsoft Power Platform.
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Demonstrated continued commitment to security for public sector customers with the expansion of AvePoint solutions with FedRAMP (moderate) authorization as well as achieving the security classification of Protected for the Information Security Registered Assessors Program (IRAP) in Australia.
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Named a winner for the 2023 Microsoft Singapore Partner of the Year awards in the Education Industry and Future of Work Transformation, Modern Work categories.
Financial Outlook
The Company is raising its full year outlook for total ARR, total revenues and non-GAAP operating income.
For the second quarter of 2023, the Company expects:
- Total revenues of $60.5 million to $62.5 million, or 10% year-over-year growth at the midpoint.
- Non-GAAP operating income of $0.8 million to $2.0 million.
For the full year 2023, the Company now expects:
- Total ARR of $255.0 million to $261.0 million, or 20% year-over-year growth at the midpoint.
- Total revenues of $256.5 million to $262.5 million, or 12% year-over-year growth at the midpoint.
- Non-GAAP operating income of $13.9 million to $16.2 million.
Q1 2023 Earnings Call Transcript
“As we continue to be laser focused on profitability, we are well positioned for steady margin expansion in 2023 and beyond.”
“First, our top financial priority over the next few years is profitable growth and we are targeting that by the end of 2025, AvePoint is profitable on a GAAP basis, as well as rule of 40 company based on the combination of ARR growth and non-GAAP operating margin.”
Kannattavuus pitäisi parantua, siihen on fokus. Mutta vasta 2025…
At Investor Day we discussed the expectation that share repurchases in 2023 would be in-line with 2022 levels or approximately $20 million. After subsequent discussions and analysis, we plan to increase our buyback level and anticipate deploying approximately $50 million in 2023 to repurchase shares, given our strong cash position, and the belief that our stock remains undervalued at current levels.
We are in the app points in the business of business data management and governance. Satya Nadella recently mentioned that by 2025 10% of all data generated will be done by Generative AI. So this means that there’s going to be continued explosion of business data, which positions our point very well in that space of managing data and govern that data.
AI luonnollisesti mainittu, lisääntyvään datan hallintaan AvePointilla palikat yrityksille
we continue to make great progress is SMB and channel. That is, again, a space where we have mentioned this several times before, historically, we had very little focus on but in the last few years, we are able to build it to now 20%, our business and as the highest growth rate segment for our business.
SMB ja kanavamyynti kasvanut 20% osuuteen. Yllätti ainakin omat odotukset, kun tuota lähdettiin ajamaan eteenpäin. Parempi näin päin