Avepoint Inc. Stock Price, News & Analysis

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.

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.