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AvePoint, Inc. (NASDAQ: AVPT) stands as a leader in enabling enterprise collaboration across multiple platforms and devices. Founded in 2001 and headquartered in Jersey City, NJ, AvePoint excels in assisting enterprises in their digitization journey, allowing information workers to collaborate confidently. The company's unique solutions centralize access and control of information assets in various collaboration and document management systems, both on-premises and in the cloud.
AvePoint's services cater to business, IT, compliance, and risk officers to achieve critical business objectives like big data management, cloud integration, compliance, enterprise content management, and mobile data access monitoring. With a presence in over 14,000 organizations across five continents, including 3 million Office 365 users, AvePoint is pivotal in industries such as energy, utilities, financial services, healthcare, pharmaceuticals, and the public sector.
One of AvePoint’s standout offerings is its Confidence Platform, delivering a comprehensive set of cloud-based solutions that enable IT operations, development operations, and cybersecurity professionals to monitor and secure digital workplaces using SaaS tools. Their recent advancements include the AvePoint Cloud Backup Express, which offers secure data protection for Microsoft OneDrive, SharePoint, and Exchange at enhanced speeds within the Microsoft 365 security boundary.
AvePoint is continually innovating, as seen with its next-generation AvePoint Confide powered by SharePoint Embedded, which ensures secure collaboration beyond the firewall while integrating seamlessly with Microsoft 365 tools. The company’s robust cyber resilience strategy is evidenced by multiple accreditations, including HITRUST CSF v11.0.1 and FedRAMP (moderate) Authorization for several products, validating its commitment to safeguarding sensitive data, especially in regulated industries like healthcare and the public sector.
Having recently reported strong financial results for Q4 2023 and Q1 2024, with notable growth in revenue and non-GAAP operating income, AvePoint is well-positioned to leverage its platform for ongoing success. The company continues to push the envelope in data management and governance, further underscored by collaborations with major partners like Microsoft.
For more information, visit www.avepoint.com.
AvePoint (NASDAQ: AVPT) will release its Q1 2023 financial results on May 10, 2023, after U.S. markets close. The announcement will be followed by a conference call at 4:30 PM ET, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, where they will discuss the financial results and current business trends. Interested participants can access the call by dialing the provided numbers or via a live webcast on the AvePoint Investor Relations website. A replay of the call will be available shortly after its conclusion for 90 days.
AvePoint specializes in optimizing SaaS operations and secure collaboration, serving over 17,000 customers globally and supported by a channel partner network of over 3,500. The company was founded in 2001 and is headquartered in Jersey City, New Jersey.
AvePoint has bolstered its security offerings by adding three new solutions to its FedRAMP (moderate) Authorization, allowing federal agencies to utilize verified SaaS solutions. This expansion reflects AvePoint's commitment to meet stringent government security standards for its public sector customers. As of now, a total of 19 solutions are authorized. New offerings include Cloud Backup for Azure, ReCenter, and Confide, enhancing their capability to secure cloud collaboration and data recovery. AvePoint's services are leveraged by over 1,000 public sector organizations, emphasizing its role in safeguarding sensitive data.
AvePoint reported strong financial results for 2022, with total revenue reaching $232.3 million, marking a 21% increase year-over-year. SaaS revenue was $117.2 million, up 37% year-over-year. The company achieved a total Annual Recurring Revenue (ARR) of $201.7 million, a 27% increase from 2021. However, it also reported a GAAP operating loss of $(41.1) million. For 2023, AvePoint anticipates total revenues between $253.8 million and $260.8 million, representing 11% growth year-over-year.
With a cash position of $229.8 million, the company aims for profitability improvements and plans to discuss strategic priorities at its upcoming Investor Day.
AvePoint (NASDAQ: AVPT) will host its inaugural Investor Day on March 22, 2023, at 9:00 AM ET at the Nasdaq MarketSite in New York City. The event will feature insights from the executive management team, discussing market trends, the AvePoint Confidence Platform, and the company’s financial outlook. Registration is required for attendance, and a live webcast will be available on the AvePoint Investor Relations website, with an archived version accessible afterward. AvePoint, founded in 2001, provides advanced SaaS solutions and is a recognized Microsoft Partner, supporting over 9 million cloud users globally.
AvePoint (NASDAQ: AVPT) will release its fourth quarter and full year 2022 financial results on March 9, 2023, after market close. A conference call, led by CEO Dr. Tianyi Jiang and CFO Jim Caci, is scheduled for 4:30 PM ET to discuss the results and current business trends. Interested parties can join the call via specific dialing information provided in the release. A live webcast will also be available on AvePoint's Investor Relations website, with a replay accessible for 90 days post-event. AvePoint is recognized for its SaaS solutions, utilized by over 9 million users, and has been a five-time Global Microsoft Partner of the Year.
AvePoint (NASDAQ: AVPT) announced enhancements to its Confidence Platform, extending governance and data protection capabilities to Microsoft Power Platform. This integration aims to address the challenges IT leaders face in managing governance, security, and compliance while adopting Power Platform for automation and digital solutions. Key features include full-time protection for critical workspaces, comprehensive management strategies, and seamless data migration capabilities. These developments are expected to empower organizations to increase IT agility and enhance productivity without compromising data integrity.
AvePoint (NASDAQ: AVPT) will participate in the 25th Annual Needham Growth Conference on January 12, 2023. CEO Dr. Tianyi Jiang and CFO Jim Caci will engage in a virtual fireside chat at 8:00 AM ET. The event will be streamed live and can be accessed later on the Investor Relations website.
AvePoint specializes in SaaS and data management solutions, serving over 9 million cloud users. Founded in 2001, it's recognized as a five-time Global Microsoft Partner of the Year, headquartered in Jersey City, New Jersey.
AvePoint has announced the appointment of Kevin Briggs as Vice President of U.S. Public Sector, focusing on clients in education and government. This move aligns with the company’s ongoing revenue and SaaS growth, as noted in their recent Q3 earnings report. Briggs, with 20 years in federal government experience from firms like Microsoft, aims to enhance AvePoint's presence in the public sector. The company serves over 1,000 U.S. public sector organizations and is committed to expanding its MaivenPoint product line for universities.
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