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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 host a virtual product showcase on December 14, 2022, at 11:00 a.m. ET, focusing on the AvePoint Confidence Platform and its role in digital transformation. The event will feature insights from CEO Dr. Tianyi Jiang, Chief Strategy Officer Mario Carvajal, and more, providing an overview and live demonstration of the platform. AvePoint’s platform helps organizations using various cloud services enhance efficiency and collaboration, supporting over 9 million users globally.
AvePoint (NASDAQ: AVPT) reported strong financial results for Q3 2022, with total revenue of $62.7 million, a 16% year-over-year increase. Adjusted for constant currency, revenue growth reached 26%. SaaS revenue stood at $30.0 million, reflecting a 34% year-over-year growth. The company’s Annual Recurring Revenue (ARR) grew to $191.7 million, a 30% increase over the previous year. Despite a GAAP operating loss of $7.4 million, AvePoint anticipates Q4 revenue between $63 million and $65 million, forecasting continued growth amidst strategic investments and strong market demand.
AvePoint (NASDAQ: AVPT) is set to release its financial results for Q3 2022 on November 10, 2022, after market close. The company will conduct a conference call at 4:30 PM ET featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, who will discuss the results and current business trends. The call can be accessed by dialing (888) 254-3590 for US participants. A live webcast will be available on AvePoint’s Investor Relations page, with a replay accessible for 90 days post-call.
AvePoint (NASDAQ: AVPT) has been announced as a featured launch partner for Microsoft Syntex, a new cloud-based service that enhances the processing and management of content in Microsoft 365.
This partnership aims to empower organizations with advanced AI capabilities for automating workflows and improving information management, including features like backup and restore for SharePoint and compliance archiving.
John Peluso, AvePoint's Chief Product Officer, emphasized the significance of this collaboration for enhancing Microsoft 365 environments.
Dr. Tianyi (TJ) Jiang, CEO of AvePoint (NASDAQ: AVPT), featured on Episode 46 of ICR’s "Welcome to the Arena" podcast, discussing the company's early years and strategic decisions that positioned it as a leading SaaS player. The podcast, which debuted in August 2021, offers insights from industry leaders and is available on major platforms including Apple Podcasts and Spotify. ICR, established in 1998, specializes in strategic communications and advisory services, enhancing value for over 1,000 clients across diverse sectors.
AvePoint (NASDAQ: AVPT) announced its participation in major investor conferences. The presentations will feature Co-Founder and CEO Dr. Tianyi Jiang (TJ), CFO Jim Caci, and Chief Strategy Officer Mario Carvajal. They are set to present at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 8:00 a.m. ET, and at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 12:15 p.m. ET. Live and archived webcasts will be accessible on the Investor Relations website.
AvePoint (NASDAQ: AVPT) has launched a $100 million SGD International R&D Hub in Singapore, aiming to hire over 500 local professionals by 2026. This initiative, supported by Digital Industry Singapore, will strengthen AvePoint’s capabilities in B2B SaaS solutions and enhance its IT infrastructure. The R&D Hub, located in Galaxis, One North, will focus on product innovation addressing digital challenges, hybrid work, and AI use. This expansion reflects AvePoint's commitment to meet the growing demand for SaaS in the APAC region.
AvePoint reported Q2 2022 total revenue of $55.7 million, reflecting a 23% year-over-year growth, while SaaS revenue reached $27.6 million, a 34% increase. Total ARR was $178.2 million, up 28% year-over-year. Despite strong revenue growth, the company faced an operating loss of $(11.8) million, worsened from $(11.2) million in the previous year. The Q3 guidance estimates total revenue between $62 million and $64 million, with a projected operating income of $1 million to $2 million.
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