AvePoint Inc ($AVPT) - Microsoftin kumppanina velatonta kasvua

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Q2 ulkona, toistaiseksi menee hyvin annettuun ohjeistukseen. FY2022 tosin hieman laskettu viime vuoden puolella annetusta liikevaihtoennusteesta. Näkyvyys siis kokonaisuutena hyvä ja jatkuva laskutus kasvaa koko ajan.

  • Q2 EPS -0,05$
  • Valuutoista kasvuun pientä iskua
  • Kassassa edelleen varaa rahoittaa kasvua

Second Quarter 2022 Financial Highlights

  • Revenue: Total revenue for the second quarter of 2022 was $55.7 million, up 23% from the second quarter of 2021 and up 31% year over year on a constant currency basis. Within total revenue, SaaS revenue was $27.6 million, up 34% from the second quarter of 2021 and up 43% year over year on a constant currency basis.
  • Gross Profit: Gross profit for the second quarter of 2022 was $40.3 million, compared to $33.6 million for the second quarter of 2021. Gross margin for the second quarter of 2022 was 72.3%, compared to 74.2% for the second quarter of 2021. Non-GAAP gross profit for the second quarter of 2022 was $41.0 million, compared to $33.9 million for the second quarter of 2021. Non-GAAP gross margin was 73.6% for the second quarter of 2022, compared to 74.8% for the second quarter of 2021.
  • Operating Income/(Loss): Operating loss for the second quarter of 2022 was (11.8) million, compared to (11.2) million for the second quarter of 2021. Non-GAAP operating loss for the second quarter of 2022 was $(1.3) million, compared to $3.3 million for the second quarter of 2021.
  • Cash and short-term investments: $246.6 million as of June 30, 2022

Second Quarter Key Highlights

  • ARR for the second quarter was $178.2 million dollars. Excluding the $1.5 million dollar FX headwind, ARR grew by $39.2 million dollars year-over-year, representing 28% percent year-over-year growth.
  • Reported dollar-based net retention rate of 106%, 107% adjusted for FX impact.
  • Added four new solutions on Microsoft AppSource, an online cloud marketplace providing tailored line-of-business solutions.
  • Enhanced robust data protection capabilities with the addition of Microsoft Azure backup.
  • Garnered industry recognition for continued innovation, winning the 2022 EdTech Breakthrough Award and multiple channel program awards in addition to being a finalist for 2022 Microsoft Partner of the Year Awards in education and government.
  • Through June 30, 2022, repurchased approximately 1.9 million shares under the share repurchase program at a cost of approximately $10 million.
  • Third Quarter 2022 Guidance:
    Total revenue is expected to be in the range of $62 million to $64 million or approximately 17% year-over-year growth, 23% adjusted for constant currency. Non-GAAP operating income is expected to be in the range of $1 million to $2 million.
  • Full Year 2022 Guidance:
    Total revenue is expected to be in the range of $230.0 million to $234.0 million or approximately 21% year-over-year growth, 26% adjusted for constant currency. Non-GAAP operating income/loss is expected to be in the range of a loss of (3.5) million to income of $1.0 million. ARR is expected to be in the range of $202 million to $206 million or approximately 28% year-over-year growth, 31% adjusted for FX impact.

We continue to see a powerful snowball effect from our growing channel business, launched just over one year ago, which provides small and midsized businesses with the same enterprise-grade technology available to Fortune 500 businesses.

During the quarter, we experienced a strong foreign exchange headwind due to the strength of the dollar, which affected revenue by approximately 3%. This headwind is primarily against our revenue and ARR metrics and not our profitability metrics due to the global nature of our operations.

Gross profit in the quarter was $41 million, representing a gross margin of 73.6% compared to 74.8% in the year-ago period. The slight margin decline is the result of our business mix and the impact of FX

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The R&D Hub investment will see AvePoint hire and train over 500 digital professionals by 2026, nearly tripling its existing team of product and technology professionals in roles such as business analysts, data scientists, software architects and Microsoft-certified engineers in Singapore. The company will provide robust professional development opportunities, empower local leadership, and invest in collaborative recruitment with local education institutions. With the growth of a vibrant R&D community in Singapore, AvePoint intends to continue product innovation to address modern digital challenges including hybrid work collaboration, security, responsible use of artificial intelligence, blended learning, and well-being.

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Avepoint avaa toimiston Tukholmaan :thinking:

Yritysostot on myös strategiassa, osuvia kohteita edullisella valuaatiolla löytyy ainakin Innofactorin tai Digian suunnalta :laughing:

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The main argument for AvePoint is its relatively cheap valuation for a software business. It is currently generating about $220 million per year in revenues. Meanwhile, the market cap is just $750 million, putting the stock at less than 4x sales.

Furthermore, the company has $250 million of cash and short-term investments and no debt, putting its enterprise value at just $500 million. This works out to an EV/Sales ratio of just 2.4x. That’s getting pretty cheap, not just for software, but for a variety of higher gross margin businesses.

The issue, like with so many software companies, is profitability, or the lack thereof. However, AvePoint is not particularly bloated as far as expenses go, it is only losing about $40 million per year. That gives it at least a six year burn rate as things stand today.

And, looking at the income statement, there’s a lot to like. Gross margins are already in the 70s and trending higher. And with 80% of revenues being recurring, there shouldn’t be much volatility in results either.

“only losing about $40 million per year” :laughing:

Aihiot on kyllä hyvälle kannattavuudelle, jos kasvu- ja kehityspanoksista vähennetään. Artikkelin mukaan menisi 6 vuotta tällä käteisen polttamisella kasvua rakentaessa. Tosin M&A strategiana on edelleen työn alla, josta kuluja tullee vielä lisää :thinking:

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Valuutat kurittaa, kasvu jatkuu odotetun mukaisena. Vahvaa tekemistä ja jos USD yhtään nyt kääntää suuntaa, niin EPS kääntyy nopeasti.

Koko vuoden ennustetta kavennettu, ikävästi vain sieltä yläpäästä tulosrivien osalta. Tässäkin ilmeisesti lähinnä USD-kurssi syö kannattavuutta. Liikevaihto- ja ARR -ennusteet ennallaan.

https://ir.avepoint.com/news/news-details/2022/AvePoint-Announces-Third-Quarter-2022Financial-Results/default.aspx

AvePoint Announces Third Quarter 2022 Financial Results

11/10/2022

Third quarter SaaS revenue of $30.0 million, representing 34% year-over-year growth, 45% adjusted for constant currency
Third quarter total revenue of $62.7 million, representing 16% year-over-year growth, 26% adjusted for constant currency
Total ARR of $191.7 million, representing 30% year-over-year growth, 34% adjusted for FX impact

JERSEY CITY, N.J., Nov. 10, 2022 (GLOBE NEWSWIRE) – AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management platform provider, today announced financial results for the third quarter ended September 30, 2022.

“Q3 was another strong quarter for AvePoint despite the uncertain macroeconomic environment, highlighted by 34% ARR growth and 26% revenue growth, both adjusted for the impact of FX,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder of AvePoint. “Our strong topline performance reflects the ongoing need of companies around the world to secure collaboration data, sustain connections between people and ensure business continuity. At the same time, we continue to thoughtfully invest in a number of strategic growth initiatives while emphasizing robust expense controls across the company. We are excited for a strong close to 2022 and remain well positioned to capture the enormous market opportunity ahead of us.”

Third Quarter 2022 Financial Highlights

  • Revenue: Total revenue for the third quarter of 2022 was $62.7 million, up 16% from the third quarter of 2021 and up 26% year over year on a constant currency basis. Within total revenue, SaaS revenue was $30.0 million, up 34% from the third quarter of 2021 and up 45% year over year on a constant currency basis.

  • Gross Profit: Gross profit for the third quarter of 2022 was $45.9 million, compared to $38.7 million for the third quarter of 2021. Gross margin for the third quarter of 2022 was 73.2%, compared to 71.8% for the third quarter of 2021. Non-GAAP gross profit for the third quarter of 2022 was $46.6 million, compared to $41.1 million for the third quarter of 2021. Non-GAAP gross margin was 74.2% for the third quarter of 2022, compared to 76.3% for the third quarter of 2021.

  • Operating Income/(Loss): GAAP operating loss for the third quarter of 2022 was (7.4) million, compared to $(28.7) million for the third quarter of 2021. Non-GAAP operating income for the third quarter of 2022 was $2.2 million, compared to $4.0 million for the third quarter of 2021.

  • Cash and short-term investments: $219.8 million as of September 30, 2022.

Third Quarter 2022 Key Performance Indicators and Business Highlights

  • ARR as of the end of third quarter was $191.7 million, up 30% year-over-year. Adjusted for FX, ARR grew 34%.

  • Dollar-based net retention rate was 106% and was 108% adjusted for FX.

  • The acquisitions of tyGraph, an award-winning platform that allows organizations to organize, measure, and analyze human interactions to accelerate success in the digital workplace, and Essential, a South Korea-based software solutions provider that will advance the Company’s ability to enable large organizations in the country to accomplish their digital transformation goals were both completed.

  • A new research and development hub in Singapore, which will serve as the Company’s international headquarters and foster local talent to support the growing global demand for B2B SaaS solutions, was announced.

  • Three rigorous audits (ISO 27001:2013 and 27017:2015 frameworks and CSA STAR Level 2), which reflect the Company’s prioritization of security and privacy and its commitment to help all organizations safely manage their digital collaboration data were completed.

  • Through September 30, 2022, the Company repurchased approximately 4 million shares under the share repurchase program at a cost of approximately $19.6 million.

Financial Outlook

For the fourth quarter of 2022, the Company expects:

  • Total revenues of $63 million to $65 million, or 19% year-over-year growth, 22% adjusted for constant currency.
  • Non-GAAP operating income of $1.5 million to $3.5 million.

For the full year 2022, the Company now expects:

  • Total revenues of $231.7 million to $233.7 million, or 21% year-over-year growth, 28% adjusted for constant currency.
  • Non-GAAP operating loss of (3.2) million to $(1.2) million.
  • Total ARR of $202 million to $206 million, or 28% year-over-year growth, 32% adjusted for the impact of FX.
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Liikevaihdon kasvu jatkuu, kertakulut painoi tuloksen miinukselle

Investor Presentation Q4/2022:

https://ir.avepoint.com/news/news-details/2023/AvePoint-Announces-Fourth-Quarter-and-Full-Year-2022-Financial-Results/default.aspx

Fourth Quarter 2022 Financial Highlights

  • Revenue: Total revenue was $63.6 million, up 18% from the fourth quarter of 2021 and up 26% year-over-year on a constant currency basis. Within total revenue, SaaS revenue was $33.0 million, up 36% from the fourth quarter of 2021 and up 46% year-over-year on a constant currency basis.

  • Gross Profit: GAAP gross profit was $45.4 million, compared to $38.9 million for the fourth quarter of 2021. Non-GAAP gross profit was $46.1 million, compared to $39.6 million for the fourth quarter of 2021. Non-GAAP gross margin was 72.4%, compared to 73.5% for the fourth quarter of 2021.

  • Operating Income/(Loss): GAAP operating loss was (8.0) million, compared to (7.7) million for the fourth quarter of 2021. Non-GAAP operating income was $1.4 million, compared to $1.4 million for the fourth quarter of 2021. Excluding the one-time expenses associated with the reduction in workforce the Company announced in December of 2022, non-GAAP operating income would have been $4.5 million.

Full Year 2022 Financial Highlights

  • Revenue: Total revenue was $232.3 million, up 21% from the full year 2021 and up 29% year-over-year on a constant currency basis. Within total revenue, SaaS revenue was $117.2 million, up 37% from the full year 2021 and up 46% year-over-year on a constant currency basis.

  • Gross Profit: GAAP gross profit was $167.2 million, compared to $139.2 million for the full year 2021. Non-GAAP gross profit was $169.9 million, compared to $142.7 million for the full year 2021. Non-GAAP gross margin was 73.1%, compared to 74.4% for the full year 2021.

  • Operating Income/(Loss): GAAP operating loss was (41.1) million, compared to (53.5) million for the full year 2021. Non-GAAP operating loss was $(2.9) million, compared to non-GAAP operating income of $6.0 million for the full year 2021. Excluding the one-time expenses associated with the reduction in workforce the Company announced in December of 2022, non-GAAP operating income would have been $0.2 million.

  • Cash and short-term investments: $229.8 million as of December 31, 2022.

Ja sitten jatkossa kasvu jatkuu, mutta hieman hidastuu :scream:

Financial Outlook

For the first quarter of 2023, the Company expects:

  • Total revenues of $57.5 million to $58.5 million, or 15% year-over-year growth at the midpoint.
  • Non-GAAP operating loss of (2.0) million to (1.0) million.

For the full year 2023, the Company expects:

  • Total ARR of $238.4 million to $244.4 million, or 20% year-over-year growth at the midpoint.
  • Total revenues of $253.8 million to $260.8 million, or 11% year-over-year growth at the midpoint.
  • Non-GAAP operating income of $12.0 million to $15.0 million.
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Päivitetään taas Q-raporttia samalla, kun käyn itsekin sitä läpi. Pidetään ketju hengissä, vaikka yleinen kiinnostus ilmeisen vähäistä yritystä kohtaan :sweat_smile:

Kasvu jatkuu liikevaihdon ja ARR osalta. 2023 näkymiä nostettu liikevaihdon osalta, mutta erityisesti ARR kasvuennuste lisääntynyt :+1:

Viimeinen rivi punaisella edelleen, EPS -0,05$, vähemmän kuin aiemmin ja kassassa hyvin rahaa. Kasvuun laitetaan panostuksia :man_shrugging:

https://ir.avepoint.com/news/news-details/2023/AvePoint-Announces-First-Quarter-2023-Financial-Results/default.aspx

First Quarter 2023 Financial Highlights

  • 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.

  • 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.

  • 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.

  • Cash and short-term investments: $231.7 million as of March 31, 2023.

First Quarter 2023 Key Performance Indicators and Business Highlights

  • ARR as of March 31, 2023 was $222.4 million, up 26% year-over-year. Adjusted for FX, ARR grew 31%.

  • 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%.

  • Launched first-to-market governance, management, data protection and migration support for Microsoft Power Platform.

  • 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.

  • 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. :crossed_fingers: 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.

:eyes:

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 :wink:

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 :+1:

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Kanavamyyntiin vielä lisää panoksia :+1:

https://ir.avepoint.com/news/news-details/2023/AvePoint-Continues-to-Invest-in-Channel-Innovation-to-Boost-Revenue-Opportunities-for-Partners-and-Achieve-Profitable-Growth/default.aspx

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Q2 ulkona, näkymiä nostettu niin liikevaihdon kuin non-GAAP -tuloksen osalta.
EPS pienesti miinuksella, kuten odotettu. Osakepohjaiset palkkiot painaa GAAP tulosta.

https://ir.avepoint.com/news/news-details/2023/AvePoint-Announces-Second-Quarter-2023Financial-Results/default.aspx

“Highlighted by 30% ARR growth, our second quarter results demonstrate the demand for the AvePoint Confidence Platform and the strength of our business model, as we again delivered robust topline growth and operating leverage,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “Amidst the ongoing uncertainty in the macro environment, our customers continue to depend on AvePoint’s Confidence Platform to rapidly reduce costs, improve productivity and make more informed business decisions. As a result, we are pleased to once again raise our full-year guidance for total ARR, total revenues and operating income.”

Second Quarter 2023 Financial Highlights

  • Revenue: Total revenue was $64.9 million, up 16% from the second quarter of 2022. Within total revenue, SaaS revenue was $38.3 million, up 39% from the second quarter of 2022.

  • Gross Profit: GAAP gross profit was $45.1 million, compared to $40.1 million for the second quarter of 2022. Non-GAAP gross profit was $46.1 million, compared to $40.9 million for the second quarter of 2022. Non-GAAP gross margin was 71.1%, compared to 73.4% for the second quarter of 2022.

  • Operating Income/(Loss): GAAP operating loss was (7.1) million, compared to $(11.7) million for the second quarter of 2022. Non-GAAP operating income was $2.9 million, compared to a non-GAAP operating loss of (1.2) million for the second quarter of 2022.

  • Cash and short-term investments: $222.9 million as of June 30, 2023.

Second Quarter 2023 Key Performance Indicators and Business Highlights

  • ARR as of June 30, 2023 was $236.2 million, up 26% year-over-year. Adjusted for FX, ARR grew 30%.

  • Adjusted for FX, dollar-based gross retention rate was 87%, while dollar-based net retention rate was 107%. On an as-reported basis, dollar-based gross retention rate was 85%, while dollar-based net retention rate was 104%.

  • Added new functionality for public sector customers to strengthen data protection and simplify deployment with AvePoint Cloud Backup for Salesforce, a FedRAMP (moderate) authorized solution on Salesforce AppExchange.

  • Continued to invest in channel innovation to boost revenue opportunities for partners and achieve profitable growth with an expanded AvePoint Certification Program, new Partner Locator and DevOps capabilities.

Financial Outlook
The Company is again raising its full year outlook for total ARR, total revenues and non-GAAP operating income.

For the third quarter of 2023, the Company expects:

  • Total revenues of $67.6 million to $69.6 million, or 9% year-over-year growth at the midpoint.
  • Non-GAAP operating income of $5.0 million to $6.0 million.

For the full year 2023, the Company now expects:

  • Total ARR of $258.0 million to $263.0 million, or 21% year-over-year growth at the midpoint.
  • Total revenues of $261.9 million to $265.9 million, or 14% year-over-year growth at the midpoint.
  • Non-GAAP operating income of $15.9 million to $17.4 million.

Sijoittajapresis

AI mainittu 31 kertaa transskriptissä :rofl:

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AvePoint Announces Anchor Investment by 65 Equity Partners

09/18/2023

JERSEY CITY, N.J., Sept. 18, 2023 (GLOBE NEWSWIRE) – AvePoint (NASDAQ: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced a definitive agreement has been entered into for an anchor investment by 65 Equity Partners through its purchase of 16,666,600 AvePoint shares of common stock (representing approximately 9.0% of AvePoint’s total outstanding common stock) from Sixth Street.

“We are pleased to welcome 65 Equity Partners as a substantial long-term stockholder of AvePoint,” said Dr. Tianyi Jiang (TJ), Co-Founder & CEO, AvePoint. “This investment reflects their confidence in our vision to advance the digital workplace, capture growing markets and prioritize profitable growth. The APAC region represents an enormous growth opportunity for us, and given that Singapore is an important innovation center for AvePoint, we believe that an eventual dual listing on the Singapore Exchange (SGX) will garner additional investor support in the region.”

65 Equity Partners is a global investment firm that seeks to support founders in their growth journey, with a mandate to invest in family-owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States across the technology, business services, consumer, industrials and healthcare sectors. Backed by Temasek, 65 Equity Partners has $3.3 billion in funds under management. Sixth Street, which led AvePoint’s Series C Preferred Equity investment in January 2020, remains an investor in AvePoint.

“AvePoint is a leader in digital workplace transformation, and we believe it has a strong competitive advantage in the market,” said Michael McGinn, Partner at Sixth Street Partners and Co-Head of Sixth Street Growth. “We are proud to have been a part of AvePoint’s journey from a private company to a public one, and we look forward to the company continuing to execute against its strategic priorities.”

Yksi ostaa, toinen myy. Mutta pitkäaikainen ankkurisijoittaja ilmoituksen mukaan. Taisi vaihtaa 6$ hintaan/kpl, eli reilun 10% alennus markkinaan.

Tämä oli myös mielenkiintoinen poiminta:

an eventual dual listing on the Singapore Exchange (SGX) will garner additional investor support in the region.

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AvePoint on kyllä kuin sveitsiläinen kello :grin:

  • Tasaista jatkuvaa kasvua
  • Näkymiä viilattu ylöspäin (taas)
  • GAAP enää vain 0,3M$ pakkasella Q3
    • Ennuste GAAP-positiivisesta oli aiemmin mainittu 2025 lopussa :thinking:

Third Quarter 2023 Financial Highlights

  • Revenue: Total revenue was $72.8 million, up 16% from the third quarter of 2022. Within total revenue, SaaS revenue was $41.9 million, up 40% from the third quarter of 2022.

  • Gross Profit: GAAP gross profit was $52.6 million, compared to $45.6 million for the third quarter of 2022. Non-GAAP gross profit was $53.7 million, compared to $46.4 million for the third quarter of 2022. Non-GAAP gross margin was 73.7%, compared to 74.0% for the third quarter of 2022.

  • Operating Income/(Loss): GAAP operating loss was (0.3)USD million, compared to (7.4)USD million for the third quarter of 2022. Non-GAAP operating income was $9.3 million, compared to $2.4 million for the third quarter of 2022.

  • Cash and short-term investments: $209.3 million as of September 30, 2023.

Third Quarter 2023 Key Performance Indicators and Business Highlights

  • ARR as of September 30, 2023 was $250.6 million, up 23% year-over-year. Adjusted for FX, ARR grew 25%.

  • Adjusted for FX, dollar-based gross retention rate was 87%, while dollar-based net retention rate was 108%. On an as-reported basis, dollar-based gross retention rate was 85%, while dollar-based net retention rate was 107%.

  • Introduced AvePoint EnPower, which helps organizations more proactively analyze, govern and optimize their SaaS management and operations across Microsoft 365 and Power Platform, in turn enabling greater operational efficiency and automated governance.

  • Announced certification against the ISO information security management system audit using the 27701:2019 framework for the first time, and the 27001:2013 and 27017:2015 frameworks for the second consecutive year, demonstrating the Company’s prioritization of security and privacy for AvePoint and its customers.

Financial Outlook
The Company is again raising its full year outlook for total ARR, total revenues and non-GAAP operating income.

For the fourth quarter of 2023, the Company expects:

  • Total revenues of $70.5 million to $72.5 million, or year-over-year growth of 12% at the midpoint.
  • Non-GAAP operating income of $8.1 million to $9.1 million.

For the full year 2023, the Company now expects:

  • Total ARR of $261 million to $263 million, or year-over-year growth of 22% at the midpoint.
  • Total revenues of $267.7 million to $269.7 million, or year-over-year growth of 16% at the midpoint.
  • Non-GAAP operating income of $20.0 million to $21.0 million.
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kello raksuttaa edelleen :smile:

AvePoint Announces Fourth Quarter and Full Year 2023 Financial Results

02/29/2024

Full year SaaS revenue of $161.0 million, representing 37% year-over-year growth
Full year Total revenue of $271.8 million, representing 17% year-over-year growth
Total ARR of $264.5 million, representing 23% year-over-year growth, 24% adjusted for FX

JERSEY CITY, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) – AvePoint (NASDAQ: AVPT), the most advanced platform to optimize SaaS operations and secure collaboration, today announced financial results for the fourth quarter and full year ended December 31, 2023.

“Our fourth quarter results were an outstanding close to our strongest year yet as a public company,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “The strength and differentiation of our platform offering, coupled with the continued customer demand to manage and protect critical data, reduce costs and improve productivity, enabled us to meaningfully outperform our financial guidance, as well as show substantial cash flow generation and improvement across key customer metrics. Looking ahead, our ability to secure and manage organizations’ rapidly expanding data estates leaves us well positioned to drive businesses’ generative AI adoption in 2024 and beyond.”

Fourth Quarter 2023 Financial Highlights

  • Revenue: 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.

  • Gross Profit: GAAP gross profit was $55.0 million, compared to $44.8 million for the fourth quarter of 2022. Non-GAAP gross profit was $56.1 million, compared to $45.9 million for the fourth quarter of 2022. Non-GAAP gross margin was 75.2%, compared to 72.2% for the fourth quarter of 2022.

  • Operating Income/(Loss): GAAP operating income was 0.9$ million, compared to a GAAP operating loss of (8.0$) million for the fourth quarter of 2022. Non-GAAP operating income was 10.3$ million, compared to 1.4$ million for the fourth quarter of 2022.

Full Year 2023 Financial Highlights

  • Revenue: 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.

  • Gross Profit: GAAP gross profit was $194.4 million, compared to $166.1 million for the full year 2022. Non-GAAP gross profit was $198.5 million, compared to $169.3 million for the full year 2022. Non-GAAP gross margin was 73.0%, compared to 72.9% for the full year 2022.

  • Operating Income/(Loss): GAAP operating loss was (15.4$) million, compared to (41.1$) million for the full year 2022. Non-GAAP operating income was 22.2$ million, compared to a non-GAAP operating loss of (2.9$) million for the full year 2022.

  • Cash and short-term investments: $226.9 million as of December 31, 2023.

  • Cash from operations: for the twelve months ended December 31, 2023, the Company generated 34.7$ million of cash from operations, compared to $(0.8) million in the prior year period.

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55

Vuosiraportti julkaistu:

Mielenkiintoinen poiminta CEO:n alkupuheista

We’re also excited to anchor a new growth equity fund, A3Ventures, that will invest in B2B software companies focused on accelerating generative AI for the digital workplace worldwide.

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56

Lisää palveluita tyGraphin kautta Microsoftin Copilotin tueksi :+1:

Ylätasoa, sopivaa AI diipadaapaa nykyaikaan :face_with_peeking_eye:

  • Gain Insights into Copilot for Microsoft 365 Usage: Organizations can now unlock valuable data-driven intelligence about how workers leverage Microsoft’s AI-powered productivity tool by tracking adoption trends over time, pinpointing untapped opportunities for increased engagement, and comparing Copilot for Microsoft 365 usage across the organization. This in-depth visibility empowers organizations to optimize user experiences and maximize return on investment (ROI) by understanding what robust utilization of Copilot for Microsoft 365 looks like in alignment with unique business needs.

  • Make Strategic AI Investment Decisions: Through sophisticated modeling of usage patterns and existing software adoption, organizations can identify the strongest opportunities to drive productivity gains and ROI from AI-powered capabilities. With data-driven insights, organizations can confidently allocate licenses to ensure this transformative solution reaches the teams primed for maximum benefit, optimizing investment returns and employee satisfaction.

  • Unleash Productivity Potential Across the Workforce: Armed with granular insights on Copilot for Microsoft 365 usage, organizations can identify ideal productivity behaviors and nurture digital champions within their workforce. With this technology in its nascent stage, having unique examples can cultivate widespread adoption of modern workflows that accelerate innovation and business growth.

Ja enemmän käytäntöä, joista ainakin itse näkisin olevan enemmän hyötyä :ok_hand:

  • Prepare Data: By unifying and enriching data and ensuring it is accessible to Copilot for Microsoft 365, organizations can establish a solid data foundation.
  • Secure Data: By understanding where sensitive and overshared content in Microsoft 365 lives and enforcing permissions and policies to protect that data, organizations can mitigate risk.
  • Optimize Operations: By automating access reviews and data lifecycle policies, and enforcing workspace governance, organizations can improve data management to fuel long term AI success.
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57

Avepointin toiminta kyllä miellyttää monelta osin.

  • Ennustettavaa tasaista kasvua
  • Konservatiiviiset ennusteet
  • bruttokatteet yli 70%
  • Suurin osa jatkuvaa laskutusta
  • Kassaa riittää
  • Lupaukset pidetään toistuvasti
  • GAAP plussalla 2025 →

Ja vielä

  • Microsoftin AI-puoli tuo tukea jatkossa kasvuun

First Quarter 2024 Financial Highlights

  • Revenue: Total revenue was $74.5 million, up 25% from the first quarter of 2023. Within total revenue, SaaS revenue was $51.3 million, up 44% from the first quarter of 2023.

  • Gross Profit: GAAP gross profit was $54.1 million, compared to $41.7 million for the first quarter of 2023. Non-GAAP gross profit was $55.2 million, compared to $42.6 million for the first quarter of 2023. Non-GAAP gross margin was 74.1%, compared to 71.5% for the first quarter of 2023.

  • Operating Income/(Loss): GAAP operating loss was (3.2) million, compared to $(8.8) million for the first quarter of 2023. Non-GAAP operating income was $6.6 million, compared to a non-GAAP operating loss of (0.3) million for the first quarter of 2023.

  • Cash, cash equivalents and short-term investments: $219.3 million as of March 31, 2024.

  • Cash from operations: for the three months ended March 31, 2024, the Company generated $7.8 million of cash from operations, compared to $1.3 million generated in the prior year period.

First Quarter 2024 Key Performance Indicators and Recent Business Highlights

  • ARR as of March 31, 2024 was $274.5 million, up 23% year-over-year.

  • Adjusted for FX, dollar-based gross retention rate was 87%, while dollar-based net retention rate was 110%. On an as-reported basis, dollar-based gross retention rate was 86%, while dollar-based net retention rate was 110%.

  • Added three new FedRAMP (moderate) Authorized products to the more than 20 that have achieved this certification to support the US Public Sector; also achieved compliance with HITRUST CSF v11.0.1 for the AvePoint Confidence Platform, supporting the global healthcare industry and evolving its existing SOC 2 Type II certifications.

  • Announced new analytical capabilities of the Company’s tyGraph product that enable customers to identify areas of high collaboration within the organization and pinpoint for readiness for Copilot for Microsoft 365.

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 2024, the Company expects:

  • Total revenues of $73.8 million to $75.8 million, or year-over-year growth of 15% at the midpoint.
  • Non-GAAP operating income of $3.6 million to $4.6 million.

For the full year 2024, the Company now expects:

  • Total ARR of $316.8 million to $321.8 million, or year-over-year growth of 21% at the midpoint.
  • Total revenues of $314.3 million to $320.3 million, or year-over-year growth of 17% at the midpoint.
  • Non-GAAP operating income of $30.0 million to $32.0 million.
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AvePoint hyötyy AI:n käyttöönotosta Microsoftin kainalossa, mikä voi olla isokin kasvuajuri jatkossa.

Mutta valuaatio alkaa nykyisellään olemaan jo tiukemman puolella, varsinkin jos kasvu hidastuu :thinking:
Hyvää arvonnousua ollutkin viime aikoina :smiling_face:

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On se vahva, 20% kasvua. Hieman yrityksen omien ennustettujen lukujen yli.

Second Quarter 2024 Financial Highlights

  • Revenue: Total revenue was $78.0 million, up 20% from the second quarter of 2023. Within total revenue, SaaS revenue was $53.6 million, up 40% from the second quarter of 2023.

  • Gross Profit: GAAP gross profit was $59.0 million, compared to $45.1 million for the second quarter of 2023. Non-GAAP gross profit was $59.4 million, compared to $46.1 million for the second quarter of 2023. Non-GAAP gross margin was 76.2%, compared to 71.1% for the second quarter of 2023.

  • Operating Income/(Loss): GAAP operating loss was (2.1) million, compared to (7.1) million for the second quarter of 2023. Non-GAAP operating income was $8.7 million, compared to $2.9 million for the second quarter of 2023. Non-GAAP operating margin was 11.2%, compared to 4.4% for the second quarter of 2023.

  • Cash, cash equivalents and short-term investments: $230.8 million as of June 30, 2024.

  • Cash from operations: for the six months ended June 30, 2024, the Company generated $23.9 million of cash from operations, compared to $9.3 million generated in the prior year period.

Ja näkymiä totutusti nostettu

Financial Outlook
The company is again raising its full year outlook for total ARR, total revenues and non-GAAP operating income.

For the third quarter of 2024, the Company expects:

  • Total revenues of $82.0 million to $84.0 million, or year-over-year growth of 14% at the midpoint.
  • Non-GAAP operating income of $11.0 million to $12.0 million.

For the full year 2024, the Company now expects:

  • Total ARR of $319.0 million to $323.0 million, or year-over-year growth of 21% at the midpoint.
  • Total revenues of $320.2 million to $324.2 million, or year-over-year growth of 19% at the midpoint.
  • Non-GAAP operating income of $38.3 million to $39.8 million.

Markkinalla odotukset näytti olevan jossain lähteissä EPS:n osalta plussalla, mikä pitäisi olla vasta vuoden päästä yrityksen viestinnän mukaisesti.
Raportin jälkeen kurssi kävi jo -10% paikkeilla jälkimarkkinalla, mutta palautui pian takaisin. Vaihto toki pientä. Katsotaan miten sitten jatkossa :eyes:

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