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AvePoint (AVPT)
NASDAQ:AVPT
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.05Last Year’s EPS
$0.07Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 32.72%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter for AvePoint, characterized by record ARR growth, significant SaaS revenue increases, and improved profitability and cash flows. While there are ongoing challenges in retention rates and expected declines in certain revenue streams, the overall outlook is positive with raised financial guidance.Company Guidance
During the AvePoint Q3 2024 earnings call, the company provided updated financial guidance, showcasing a robust growth trajectory. They reported total revenues for the third quarter at $88.8 million, reflecting a year-over-year growth of 22%, and SaaS revenues specifically increased by 45%. The company also achieved a record net new Annual Recurring Revenue (ARR) of nearly $19 million, contributing to a total ARR of $308.9 million, marking a 23% increase from the previous year. AvePoint raised its full-year expectations, projecting total ARR between $324.9 million and $326.9 million, and total revenues between $327.8 million and $329.8 million, each representing a significant year-over-year growth. Additionally, they anticipate a full-year non-GAAP operating income of $45.8 million to $46.8 million, translating to an operating margin of 14% at the midpoint, and a Rule of 40 metric of 37%, up from their initial guidance of 29% at the beginning of the year.Record Net New ARR
AvePoint reported record net new ARR of nearly $19 million in Q3, growing 31% year-over-year, the highest organic growth rate since going public.
Strong SaaS Revenue Growth
SaaS revenue was $60.9 million, growing 45% year-over-year, marking the highest growth rate in 11 quarters, with SaaS comprising 69% of total revenues.
Broad-Based Geographic Performance
SaaS revenues grew over 40% in all regions: North America (46%), EMEA (41%), and APAC (50%), contributing to an overall revenue growth of 22% year-over-year.
Improved Profitability and Cash Flow
Non-GAAP operating income reached a record $17.8 million with a 20.1% margin, and year-to-date operating cash flow was $56.1 million, with free cash flow at $53.8 million.
Increased Financial Guidance
AvePoint raised expectations for total ARR, total revenues, and non-GAAP operating income for the full year, forecasting approximately 23% ARR growth.
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AVPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.48 | $14.89 | +10.46% |
| Aug 08, 2024 | $10.17 | $10.06 | -1.08% |
| May 09, 2024 | $8.10 | $8.15 | +0.62% |
| Feb 29, 2024 | $8.00 | $8.01 | +0.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AvePoint (AVPT) report earnings?
AvePoint (AVPT) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is AvePoint (AVPT) earnings time?
AvePoint (AVPT) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVPT EPS forecast?
AVPT EPS forecast for the fiscal quarter 2024 (Q4) is $0.05.
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