Avepoint Inc. Stock Price, News & Analysis

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.

AvePoint (NASDAQ: AVPT) reported strong financial results for Q4 and full year 2021, with total revenue reaching $191.9 million, up 27% from 2020. SaaS revenue grew by 64% to $85.6 million. Total ARR increased by 34% to $159.2 million, and the cloud user base surpassed 9 million. While fourth quarter gross profit rose to $38.9 million, the company faced an operating loss of $(7.7) million. Looking ahead, AvePoint expects Q1 2022 revenue of $48.0-$49.0 million, indicating approximately 25% growth, and 2022 total revenue guidance of $236.0-$242.0 million.

AvePoint (NASDAQ: AVPT) has launched Entrust, a new application enhancing control and visibility across Microsoft 365 tenants, aimed at easing the management of admin users and processes. With features such as role-based access control, consolidated dashboards, and centralized activity monitoring, Entrust seeks to improve IT efficiency for businesses managing multiple tenants. Currently, the Microsoft 365 ecosystem has over 270 million monthly active users, highlighting the demand for such management tools. AvePoint continues to evolve, offering solutions for a more secure and manageable digital workspace.

AvePoint has launched Ransomware Detection within its Cloud Backup for Microsoft 365, enhancing protection against ransomware attacks. This solution offers early detection of unusual OneDrive activity, enabling quicker investigation and data restoration. Alongside this, AvePoint introduces a Ransomware Warranty for MSPs, covering up to $1 million for unrecoverable data. The initiative reflects the company's commitment to secure digital collaboration, amid increasing ransomware threats, where attacks occurred every 11 seconds in 2021.