Avepoint Inc. Stock Price, News & Analysis

AvePoint has joined the Russell 3000^®, Russell 2000^®, and Russell Microcap^® indexes, providing enhanced visibility and engagement within the institutional investor community. This inclusion follows nearly a year after its listing on Nasdaq. The Russell indexes encompass the largest US stocks and are significant benchmarks for investment strategies, with approximately $12 trillion in assets linked to them. The company aims to leverage this recognition to further its mission in SaaS and data management.

AvePoint (NASDAQ: AVPT) has enhanced its Cloud Backup solution by adding data recovery capabilities for Microsoft Azure, bolstering its commitment to risk mitigation and productivity. This new feature allows for periodic backups of business-critical applications every six hours, and secure multi-cloud storage options. The solution now supports granular recovery options, ensuring quick access to data. Recognized with notable industry accolades, AvePoint aims to help organizations protect data efficiently amid increasing cyber threats.

AvePoint (NASDAQ: AVPT) announced the launch of four new solutions on Microsoft AppSource, enhancing its commitment to assist businesses in managing their Microsoft investments. The new products include AvePoint Entrust, Cloud Governance, Insights, and Cloud Backup. These tools aim to streamline operations, enhance security, and support faster implementation, thereby delivering significant time and resource savings for businesses.

AvePoint (NASDAQ: AVPT), a leading SaaS and data management platform, announces its participation in several upcoming investor conferences. The company will present at the Needham 17th Annual Technology & Media Conference on May 17, 2022, Jefferies Software Conference on June 1, 2022, Cowen 50th Annual Technology, Media & Telecom Conference on June 2, 2022, and William Blair 42nd Annual Growth Stock Conference on June 9, 2022. Live and archived audio webcasts will be accessible on its Investor Relations website.

AvePoint reported a strong first quarter for 2022 with total revenue of $50.3 million, a 30% increase year-over-year. SaaS revenue reached $26.6 million, up 45%, contributing to an annual recurring revenue (ARR) of $167.4 million, a 30% growth. However, the company faced an operating loss of $(13.8) million, widening from $(5.9) million in the previous year. The guidance for Q2 2022 anticipates revenue between $54.0 million and $56.0 million, with a non-GAAP operating loss between $(1.5) million and $(2.5) million.

AvePoint (NASDAQ: AVPT) has appointed Janet Schijns to its Board of Directors, bringing over 20 years of experience in channel program optimization from roles at Office Depot, Verizon, and Motorola. Her expertise is expected to enhance AvePoint's indirect sales strategy as the company focuses on global growth. CEO Dr. Tianyi Jiang expressed confidence in Schijns’ ability to contribute to the company's expansion. Schijns is also the CEO of JS Group and committed to women in technology.

AvePoint (NASDAQ: AVPT) will deliver its financial results for the first quarter ending March 31, 2022, after market close on May 12, 2022. A conference call, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, will occur at 4:30pm ET the same day to discuss the results and current business trends. A live webcast will be available on the Investor Relations section of AvePoint’s website, with a replay accessible for 90 days after the call.

AvePoint (NASDAQ: AVPT) has announced enhancements to its Cloud Records platform aimed at improving information lifecycle management and compliance. Key updates include improved search functionality using metadata, delegated administration for better data integrity, and extended support for managing content across various repositories like Microsoft 365. These enhancements aim to help organizations manage data more efficiently while adhering to regulatory standards. AvePoint's solutions are already being used by numerous organizations, including those in regulated sectors.