Avepoint Inc. Stock Price, News & Analysis

AvePoint, the leading data management solutions provider for Microsoft 365, reported strong financial results for the third quarter of 2021, with total revenue reaching $54 million, marking a 36% year-over-year increase.

Subscription revenue demonstrated impressive 79% growth year-over-year, while SaaS revenue also grew by 59%. The company's total annual recurring revenue (ARR) was $147.5 million, up 32% year-over-year. Despite a GAAP operating loss of $28.7 million, non-GAAP operating income stood at $4 million. AvePoint forecasts fourth-quarter revenues between $56.4 million and $58.4 million.

AvePoint EduTech announced a contract worth $37 million SGD with Temasek Polytechnic to deploy a SaaS training management platform for over 100,000 learners in Singapore. The platform, available by 2023, will offer 44,000 courses and enhance digital learning experiences for learners, educators, and administrators. The initiative aligns with Singapore’s SkillsFuture movement, promoting lifelong learning and skill mastery. AvePoint's platform aims to address the increasing need for continuous education in a rapidly evolving workforce.

AvePoint (NASDAQ: AVPT), a leading data management solutions provider for Microsoft 365, is set to announce its third quarter financial results for the period ending September 30, 2021, on November 15, 2021. The announcement will precede a conference call at 8:30 AM ET featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, who will review the results and discuss current business trends. Investors can access a webcast of the call on AvePoint's Investor Relations page, with replays available for 90 days.

AvePoint, the largest provider of Microsoft 365 data management solutions, announced its participation in two upcoming investor conferences. The Citi 2021 Global Technology Virtual Conference is set for September 13, 2021, at 8:00 a.m. ET, followed by the Jefferies Virtual Software Conference on September 15, 2021, at 3:00 p.m. ET. A live audio webcast of the presentations will be available on the Investor Relations website. Founded in 2001, AvePoint serves over 8 million cloud users with comprehensive SaaS solutions.

AvePoint, a leading data management solutions provider for Microsoft 365, reported strong second-quarter 2021 results, with revenue of $45.3 million, reflecting a 38% year-over-year growth. The growth was fueled by the rising demand for Microsoft Teams and robust adoption of collaboration security technologies. Key metrics include a total ARR of $139.0 million, up 33% year-over-year, and a GAAP net loss of $11.6 million or $0.98 per share. Cash reserves stood at approximately $66.3 million. For Q3 2021, the company forecasted revenues between $51.5 million and $53.5 million.

AvePoint (NASDAQ: AVPT) has expanded its executive leadership team by appointing Jim Caci as Chief Financial Officer and Tom Lin as Chief Operating Officer, effective August 23, 2021. Caci brings over 25 years of experience, having previously served as CFO at Brand Value Accelerator and at AvePoint from 2010-2013. He aims to guide AvePoint's growth within the Microsoft ecosystem. Lin, who has been with the company for two decades, will focus on international expansion. The existing CFO, Sophia Wu, transitions to Chief Accounting Officer.

AvePoint (Nasdaq: AVPT), a leading Microsoft 365 data management solutions provider, will report Q2 2021 financial results on August 10, 2021, after market close. The conference call for discussing these results will occur at 4:30 p.m. EDT, featuring CEO TJ Jiang and CFO Sophia Wu. The event will also include a Q&A session and will be accessible via a live webcast on AvePoint’s Investor Relations page. Founded in 2001 and headquartered in Jersey City, AvePoint serves over 7 million cloud users globally, including a quarter of the Fortune 500.

AvePoint (NASDAQ: AVPT) launched its first global partner program on July 13, 2021, aimed at enhancing collaboration security for Microsoft 365. This program targets various partners like managed service providers, offering resources to drive revenue. Jason Beal highlighted a significant rise in Microsoft Teams users, presenting an opportunity for partners to assist organizations in digital transformation. The program includes benefits such as generous compensation, training resources, 24/7 support, and access to Microsoft expertise. AvePoint also announced new product offerings to expand its cloud marketplace presence.