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; SGX: AVP) is a software company focused on data security, governance, and resilience for organizations that rely on SaaS and cloud collaboration platforms. The AvePoint news feed on Stock Titan highlights how the company evolves its AvePoint Confidence Platform, expands AI governance capabilities, and reports financial and corporate developments that matter to investors and technology professionals.
News about AvePoint often covers product and platform updates, such as new multi-SaaS data protection solutions, expanded backup support for applications like Monday.com, DocuSign, Smartsheet, Okta, Confluence, and Google Cloud Platform virtual machines, and new command centers within the Confidence Platform. Recent announcements also describe deeper visibility into Copilot Studio agents and the launch of the AvePoint AgentPulse Command Center, an AI agent registry designed to help organizations manage agentic AI security and cost risks.
Investors following AVPT can expect regular coverage of quarterly financial results, key performance metrics such as annual recurring revenue, and details of non-GAAP measures that AvePoint uses alongside GAAP results. Corporate news includes items like the company’s dual listing on the Singapore Exchange, public offerings related to that listing, and participation in technology and investor conferences.
The news stream also features AvePoint’s research and thought leadership, including reports on AI adoption, data security incidents, and governance challenges. For those tracking developments in SaaS data protection, AI governance, and channel-driven enterprise software, the AvePoint news page provides a centralized view of the company’s announcements and disclosures over time.
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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.
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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.