Welcome to our dedicated page for Avepoint news (Ticker: AVPT), a resource for investors and traders seeking the latest updates and insights on Avepoint stock.
AvePoint Inc. (AVPT) provides enterprise SaaS solutions for secure data management across cloud environments. This page serves as the definitive source for official company announcements, offering investors and professionals timely updates on strategic developments.
Access curated press releases covering product innovations, financial results, compliance initiatives, and partnership announcements. Our repository ensures accurate tracking of AvePoint's progress in data governance, multi-cloud security, and digital workplace solutions.
Key updates include earnings reports, executive leadership changes, platform enhancements to the Confidence Platform, and industry recognition milestones. Discover how AvePoint addresses evolving challenges in Microsoft 365 environments, Google Workspace integrations, and AI-driven data protection strategies.
Bookmark this page for direct access to primary source materials that inform investment decisions and market analysis. Regularly updated content helps stakeholders monitor the company's position in enterprise collaboration technology and cloud infrastructure markets.
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.
FAQ
What is the current stock price of Avepoint (AVPT)?
What is the market cap of Avepoint (AVPT)?
