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AvePoint(AVPT) - 2025 FY - Earnings Call Transcript
2025-05-29 19:25
Financial Data and Key Metrics Changes - Total Annual Recurring Revenue (ARR) growth was 26%, or 28% when adjusted for foreign exchange, both representing accelerations compared to Q4 [15][65] - Revenue growth was 25%, or 27% on a constant currency basis, with record growth in net new ARR [15][65] - Non-GAAP operating margin in Q1 was approximately 14.5%, with expectations to maintain similar margins for the year [16][65] Business Line Data and Key Metrics Changes - The company has three major suites: resilience, control, and modernization, designed to manage unstructured data throughout its lifecycle [4][8] - The resilience suite focuses on data continuity and lifecycle management, while the control suite implements access controls and user lifecycle management [5][6] - The modernization suite facilitates data migration from legacy systems, retaining data fidelity [8][57] Market Data and Key Metrics Changes - Approximately 11% of the company's ARR is tied to the federal government globally, with only about 2% of total ARR exposed to agencies affected by the Doge situation [18][19] - The demand environment remains healthy, with organizations prioritizing spending in areas that drive value, despite macroeconomic uncertainties [12][66] Company Strategy and Development Direction - The company aims to help organizations with unstructured data management and security, emphasizing the importance of data governance in the context of AI capabilities [3][22] - The strategy includes expanding into the Google Cloud ecosystem and enhancing partnerships with managed service providers (MSPs) [41][45] - The company is focused on geographic expansion, strategic mergers and acquisitions, and scaling its channel strategy to support long-term growth targets [49] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing macroeconomic uncertainty but believes the company is well-positioned to address high-priority issues for clients [12][14] - The pipeline for new business remains positive, indicating continued momentum in performance [14][66] - The company is optimistic about the upcoming EU data regulation and its implications for data governance and privacy [28][78] Other Important Information - The company has built over 30 connectors to legacy systems and other cloud sources, enhancing its ability to manage data across multiple environments [8][57] - The company is actively working on integrating its platform with first-party products like Microsoft Purview and Google Workspace to enhance data governance [24][75] Q&A Session Summary Question: What exposure does the company have to the public sector and the Doge situation? - The company has about 11% of its ARR tied to the federal government globally, with only about 2% of total ARR exposed to agencies affected by Doge, which has been accounted for in their guidance [18][19][68] Question: How does the company differentiate itself from Microsoft's governance tools? - The company's system adds an additional dimension of controls that augment Microsoft's capabilities, addressing specific business scenarios and regulatory requirements [32][83] Question: What is the company's pricing model? - The primary pricing model is per seat, with some cases of capacity or consumption-based pricing as the company transitions to new models [34]
AvePoint (AVPT) Conference Transcript
2025-05-29 18:30
AvePoint (AVPT) Conference Call Summary Company Overview - **Company**: AvePoint (AVPT) - **Industry**: Data governance and data security software Key Takeaways 1. **Consistent Performance**: AvePoint has achieved nine consecutive quarters of outperformance, indicating strong business momentum [2] 2. **Growth Metrics**: The company reported double-digit growth across its enterprise segment (companies with over 5,000 employees), mid-size, and SMB (500 employees and below) [2] 3. **Geographic Performance**: - North America accounts for 43% of recurring revenue - EMEA contributes over 30% - APAC represents over 20%, with Japan being the fastest-growing country [2][3] 4. **APAC Growth**: The APAC region has seen SaaS growth exceeding 40%, with a strong focus on localizing services to meet regional demands [4][5] 5. **AI Readiness**: The fastest-growing vertical is AI readiness data governance and control, reflecting strong demand in this area [3] Regional Insights 1. **Japan**: - AvePoint has been operating for over ten years, establishing itself as a local vendor - The company is seeing growth in the SMB sector due to increased cloud adoption driven by GenAI [5][6] 2. **Singapore**: - 12% of revenue comes from services, primarily in Singapore, leveraging government contracts for IP generation [7] 3. **North America**: - The company is transitioning from a direct sales approach to a channel-focused strategy, which is expected to enhance market penetration [11] - The public sector represents 25% of the business, with strong performance in defense and local government sectors [13][14] Financial Performance 1. **Profitability Goals**: AvePoint aims to achieve GAAP profitability by the end of FY 2025 and has already reached GAAP profitability a year ahead of schedule [20] 2. **Rule of 40**: The company is on track to achieve the Rule of 40 by the end of FY 2025, which combines growth and profitability metrics [19][21] 3. **Cash Position**: AvePoint has approximately $350 million in cash, indicating strong cash flow generation and no immediate need for external financing [42] Competitive Landscape 1. **Market Position**: AvePoint does not face a singular competitor but rather point competitors across different segments and geographies [38] 2. **Product Strategy**: The company emphasizes a platform approach, aiming to sell multiple products to increase customer stickiness and net revenue [39][40] Capital Allocation Strategy 1. **Investment Focus**: The company plans to invest in staffing, technology, and potential M&A opportunities, with a focus on acquiring innovative technology rather than revenue [45][48] 2. **Share Repurchase Program**: AvePoint has a program in place to repurchase up to $150 million worth of stock over the next three years [47] AI and Data Governance 1. **AI Integration**: The company emphasizes the importance of proper data governance before deploying AI solutions to mitigate risks associated with data mismanagement [28][30] 2. **Collaboration with Microsoft**: AvePoint has a long-standing partnership with Microsoft, positioning itself as a complementary player within the Microsoft ecosystem [32][34] Conclusion - AvePoint is well-positioned in the data governance and security market, demonstrating strong growth across various regions and sectors. The company's focus on AI readiness, strategic partnerships, and disciplined capital allocation are key drivers of its ongoing success.
AvePoint to Participate in June Investor Conferences
Globenewswire· 2025-05-15 20:05
Group 1 - AvePoint, a leader in data security, governance, and resilience, will present at the William Blair 45th Annual Growth Stock Conference on June 4, 2025, at 8:00 am CT [1] - The company will also participate in several other investor conferences, including the Baird 2025 Global Consumer, Technology & Services Conference on June 3, and the D.A. Davidson 2025 Consumer & Technology Conference on June 10 [4] - A live and archived audio webcast of the William Blair presentation will be available on AvePoint's Investor Relations website [1] Group 2 - AvePoint serves over 25,000 customers globally, providing solutions that prepare, secure, and optimize critical data across platforms like Microsoft, Google, and Salesforce [2] - The company has a global channel partner program with approximately 5,000 managed service providers, value-added resellers, and systems integrators, making its solutions available in over 100 cloud marketplaces [2]
AvePoint, Inc. (AVPT) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 23:00
AvePoint, Inc. (AVPT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced a loss of $0.04, delivering a surprise of -166.67%.Over the last four quarters, the company has ...
AvePoint(AVPT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:32
Financial Data and Key Metrics Changes - Total revenues in Q1 were $93.1 million, up 25% year over year, exceeding guidance [22] - SaaS revenue for Q1 was $68.9 million, representing year-over-year growth of 34% on a constant currency basis, comprising 74% of total revenues [22][23] - Gross profit for Q1 was $69.8 million, with a gross margin of 75%, an improvement from 74.1% in Q1 of the previous year [28] - Operating income for Q1 was $13.4 million, with an operating margin of 14.4%, compared to 8.9% in the prior year [29] Business Line Data and Key Metrics Changes - Term license and support revenue grew 12% in Q1, driven by large deals in the APAC region [23] - Maintenance revenue declined year over year, while service revenues grew 4% but represented less than 12% of total revenues [23] - Combined SaaS and term license revenues grew 31% in Q1, indicating strong subscription revenue growth [23] Market Data and Key Metrics Changes - In North America, SaaS revenues grew 31% year over year, representing 82% of total North America revenues [24] - EMEA SaaS revenues grew 36% year over year, representing 85% of total EMEA revenues [24] - APAC SaaS revenues grew 40% year over year, representing 51% of total APAC revenues [25] Company Strategy and Development Direction - The company aims to become the world's leading data management software company, targeting $1 billion in ARR by 2029 [7] - Focus on integrated platforms to address converging challenges in data security, governance, and resilience [13] - Continued innovation in multi-cloud capabilities and AI-powered solutions to enhance customer value [14] Management's Comments on Operating Environment and Future Outlook - Management noted that the demand environment remains stable, with top needs being AI and security [38] - The company is well-positioned to navigate macroeconomic uncertainties, leveraging its historical experience [9][88] - Management expressed confidence in the ongoing demand for data management solutions amid increasing regulatory pressures and AI adoption [20][83] Other Important Information - The company ended Q1 with $351.8 million in cash and equivalents, including $87.3 million from warrant exercises [30] - The company repurchased 800,000 shares for approximately $12 million in Q1 [31] Q&A Session Summary Question: Are you seeing any change in the demand environment? - Management indicated that the demand environment remains stable, with no significant changes noted [38] Question: What is the competitive environment like? - Management highlighted that data governance is driving new customer acquisitions, especially as companies prepare for AI deployment [40] Question: Can you discuss the momentum on the MSP side? - Management expressed optimism about the MSP segment, noting significant growth and the recent acquisition of Identiq [48] Question: How far along are companies in their data modernization strategies? - Management stated that companies are still in the early stages of data modernization, emphasizing the complexity of implementing AI [66] Question: Is there a shift in the direct sales strategy? - Management confirmed that direct sales focus remains on large enterprises, while the channel targets small to medium businesses [72]
AvePoint(AVPT) - 2025 Q1 - Earnings Call Transcript
2025-05-08 21:30
Financial Data and Key Metrics Changes - Total revenues in Q1 were $93.1 million, up 25% year over year, exceeding guidance [22] - SaaS revenue for Q1 was $68.9 million, representing year-over-year growth of 34% on a constant currency basis, comprising 74% of total revenues [22][23] - Gross profit for Q1 was $69.8 million, with a gross margin of 75%, an improvement from 74.1% in Q1 of 2024 [29] - Operating income for Q1 was $13.4 million, with an operating margin of 14.4%, compared to 8.9% in the prior year [30] Business Line Data and Key Metrics Changes - Term license and support revenue grew 12% in Q1, driven by large deals in the APAC region [23] - Maintenance revenue declined year over year, while service revenues grew 4% but decreased as a percentage of total revenues [23] - Combined SaaS and term license revenues grew 31% in Q1, indicating strong subscription revenue growth [23] Market Data and Key Metrics Changes - North America SaaS revenues grew 31% year over year, while EMEA and APAC saw growth rates of 36% and 40% respectively [24][25] - Total ARR at the end of Q1 was $345.5 million, representing year-over-year growth of 26% to 28% when adjusted for FX [26] - New ARR in Q1 was $18.5 million, representing organic growth of 57% year over year, the highest as a public company [26] Company Strategy and Development Direction - The company aims to become the world's leading data management software company, targeting $1 billion in ARR by 2029 [7] - Focus on integrated platforms to address converging challenges in data security, governance, and resilience [13][20] - Continued innovation in multi-cloud capabilities and AI-powered solutions to enhance customer value [14] Management's Comments on Operating Environment and Future Outlook - Management remains confident in navigating macroeconomic uncertainties, emphasizing the mission-critical nature of their solutions [8][20] - The demand environment has remained stable, with AI and security being top priorities for enterprises [38] - The company is cautious about potential geopolitical risks impacting the second half of the year while maintaining a strong pipeline [33] Other Important Information - The company ended Q1 with $351.8 million in cash and equivalents, including $87.3 million from warrant exercises [31] - Free cash flow was negative $1 million, primarily due to one-time tax payments [31] - The company repurchased 800,000 shares for approximately $12 million in Q1 [32] Q&A Session Summary Question: Changes in demand environment - Management indicated that the demand environment has remained stable, with no significant changes in customer hesitation or sales cycles [38] Question: Competitive environment and data governance - Management noted that data governance is a key driver for new customer acquisitions, especially as enterprises prepare for AI deployment [40] Question: Momentum in the MSP segment - The company remains optimistic about the MSP segment, which accounted for 14% of total ARR and grew 60% annually from 2020 to 2024 [47] Question: License outperformance in the quarter - The outperformance in license revenue was attributed to a combination of large deals and favorable timing dynamics [75] Question: AI implementation among customers - Management confirmed that AI implementation has not slowed down, with a sense of urgency among businesses to adopt AI solutions [80]
AvePoint(AVPT) - 2025 Q1 - Quarterly Report
2025-05-08 21:04
Financial Performance - Total revenue for the three months ended March 31, 2025, was $93,064,000, representing a 25% increase from $74,534,000 in the same period of 2024[19] - SaaS revenue increased to $68,942,000, up 34.5% from $51,311,000 year-over-year[19] - Net income for the quarter was $3,566,000, compared to a net loss of $1,954,000 in the prior year[19] - Gross profit for the quarter was $69,165,000, resulting in a gross margin of approximately 74.3%[19] - Operating expenses totaled $65,878,000, an increase of 15% from $57,293,000 in the previous year[19] - The company reported a basic net income per share of $0.02 for the quarter, compared to a loss of $0.01 per share in the same quarter of the previous year[19] - Total comprehensive income for the three months ended March 31, 2025, was $4,702,000, compared to a loss of $2,532,000 in the prior year[22] - The company reported other income, net of $1,586,000 for Q1 2025, down from $3,404,000 in Q1 2024[137] Cash and Assets - Cash and cash equivalents increased to $351,481,000 as of March 31, 2025, up from $290,735,000 at the end of 2024[17] - Total assets grew to $598,848,000, a 15.3% increase from $519,055,000 at the end of 2024[17] - Total current assets increased to $446,639,000 as of March 31, 2025, up from $394,795,000 at the end of 2024[17] - Cash and cash equivalents at the end of the period were $351,481,000, an increase of $60,746,000 from $290,735,000 at the beginning of the period[27] - The company reported total cash equivalents and short-term investments of $189.412 million as of March 31, 2025, compared to $187.106 million as of December 31, 2024[124] Stockholders' Equity - Total stockholders' equity rose to $361,453,000, compared to $270,948,000 at the end of 2024, reflecting a 33.4% increase[17] - Total stockholders' equity increased to $361,453,000 as of March 31, 2025, up from $270,948,000 at the end of 2024, reflecting a growth of approximately 33.5%[24] - The company had 203,030,980 shares of common stock issued and outstanding, an increase from 194,070,512 shares as of December 31, 2024, representing a growth of approximately 4.9%[103] Liabilities and Expenses - AvePoint's total liabilities decreased to $877,000,000 as of March 31, 2025, down from $883,000,000 at the end of 2024, showing a reduction of approximately 0.7%[24] - Operating expenses rose to $65,878,000, up 15% from $57,293,000 year-over-year, primarily driven by increased sales and marketing expenses[19] - The company incurred stock-based compensation expenses of $9,620,000 for the three months ended March 31, 2025, slightly up from $9,458,000 in the prior year[27] - Total lease costs for the three months ended March 31, 2025, were $2.621 million, an increase from $2.122 million in the same period of 2024, reflecting a rise of approximately 23.6%[78] Acquisitions and Investments - The company completed the acquisition of 80% of Ydentic for an estimated fair value of $20.4 million, consisting of $14.9 million in cash and a $5.5 million unconditional purchase obligation[56] - Goodwill increased to $36.8 million as of March 31, 2025, from $17.7 million as of December 31, 2024, primarily due to the Ydentic acquisition[68] - The company plans to acquire the remaining interest in MaivenPoint for approximately $11.6 million in cash, enhancing its market position[143] - The preliminary fair value of intangible assets acquired in the Ydentic acquisition was estimated at $2.8 million, with a weighted average life of 4.2 years[63] - The company established a growth equity fund with Lumens Capital Partners Ltd., committing $50 million for portfolio investments, with no portion called as of March 31, 2025[107][109] Revenue by Region - North America generated $36,452,000 in revenue for Q1 2025, up 22% from $29,895,000 in Q1 2024[135] - EMEA revenue increased by 29% to $29,484,000 in Q1 2025 from $22,806,000 in Q1 2024[135] - APAC revenue rose to $27,128,000 in Q1 2025, a 24% increase from $21,833,000 in Q1 2024[135] Tax and Compliance - The effective tax rate for the three months ended March 31, 2025, was 26.8%, a significant decrease from 1062.6% for the same period in 2024, primarily due to changes in pre-tax income mix and other factors[74] - The Company has a revolving line of credit of up to $30.0 million with HSBC, with no borrowings outstanding as of March 31, 2025, and compliance with all covenants under the line[73] Other Financial Metrics - AvePoint's operating cash flow for the three months ended March 31, 2025, was $495,000, a decrease from $7,756,000 in the same period of 2024[27] - The company recognized term license revenue of $7.2 million for the three months ended March 31, 2025, up from $5.6 million for the same period in 2024, representing a year-over-year increase of approximately 28.6%[43] - The company experienced a foreign currency translation adjustment gain of $1,148,000, compared to a loss of $478,000 in the prior year[22] - The company reported a foreign currency remeasurement loss of $540,000 for the three months ended March 31, 2025, compared to a loss of $580,000 in the same period of 2024[27]
AvePoint(AVPT) - 2025 Q1 - Quarterly Results
2025-05-08 20:06
[Financial & Business Highlights](index=1&type=section&id=First%20Quarter%202025%20Financial%20Highlights) AvePoint reported strong Q1 2025 financial results, achieving significant revenue and SaaS growth, and improved GAAP operating income Q1 2025 Key Financial Metrics (YoY) | Metric | Q1 2025 ($M) | YoY Growth | YoY Growth (Constant Currency) | | :--- | :--- | :--- | :--- | | Total Revenue | $93.1M | 25% | 27% | | SaaS Revenue | $68.9M | 34% | 37% | | Total ARR | $345.5M | 26% | 28% | | GAAP Operating Income | $3.3M | N/A (vs. $(3.2)M loss) | N/A | | Non-GAAP Operating Income | $13.4M | 103% | N/A | Q1 2025 Key Performance Indicators | Indicator | As-Reported | Adjusted for FX | | :--- | :--- | :--- | | Dollar-based Gross Retention Rate | 88% | 89% | | Dollar-based Net Retention Rate | 111% | 111% | - Key strategic initiatives in Q1 2025 included: - **Acquisition:** Completed the acquisition of Ydentic to enhance its AI-driven platform for Managed Service Providers (MSPs) - **Product Launch:** Launched the next generation of AvePoint Elements to help MSPs automate insights and secure data - **Platform Expansion:** Released new data security solutions for Google, expanding multi-cloud protection capabilities - **Capital Allocation:** Renewed the Share Repurchase Program for an additional three years, authorizing up to **$150.0 million** in buybacks[5](index=5&type=chunk)[6](index=6&type=chunk) [Financial Outlook](index=2&type=section&id=Financial%20Outlook) AvePoint issued Q2 2025 guidance and raised its full-year 2025 outlook, reflecting strong Q1 performance and FX tailwinds Q2 2025 Guidance | Metric | Guidance Range ($M) | YoY Growth (Reported) | YoY Growth (Constant Currency) | | :--- | :--- | :--- | :--- | | Total Revenue | $95.3M - $97.3M | 22% - 25% | 20% - 22% | | Non-GAAP Operating Income | $13.2M - $14.2M | N/A | N/A | Full Year 2025 Updated Guidance | Metric | Guidance Range ($M) | YoY Growth (Reported) | YoY Growth (Constant Currency) | | :--- | :--- | :--- | :--- | | Total ARR | $411.8M - $417.8M | 26% - 28% | 24% - 26% | | Total Revenue | $397.4M - $405.4M | 20% - 23% | 18% - 20% | | Non-GAAP Operating Income | $61.4M - $64.4M | N/A | N/A | - The updated full-year guidance incorporates both the first quarter's outperformance and incremental foreign exchange tailwinds[7](index=7&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) Consolidated financial statements detail AvePoint's Q1 2025 financial position, highlighting profitability, balance sheet strength, and significant financing cash inflows [Condensed Consolidated Statements of Income (Loss)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20(Loss)) AvePoint reported a net income of $3.6 million in Q1 2025, a significant turnaround from a prior-year loss, driven by robust revenue growth Q1 Income Statement Highlights (in thousands) | Metric | Q1 2025 ($ thousands) | Q1 2024 ($ thousands) | | :--- | :--- | :--- | | SaaS Revenue | $68,942 | $51,311 | | Total Revenue | $93,064 | $74,534 | | Gross Profit | $69,165 | $54,092 | | Income (loss) from operations | $3,287 | $(3,201) | | Net income (loss) | $3,566 | $(1,954) | | Diluted EPS | $0.02 | $(0.01) | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, AvePoint's balance sheet showed a strong financial position with increased assets, cash, and equity Balance Sheet Highlights (in thousands) | Metric | March 31, 2025 ($ thousands) | December 31, 2024 ($ thousands) | | :--- | :--- | :--- | | Cash and cash equivalents | $351,481 | $290,735 | | Total Assets | $598,848 | $519,055 | | Total Liabilities | $237,395 | $248,107 | | Total Stockholders' Equity | $361,453 | $270,948 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations decreased to $0.5 million, while financing activities provided a significant $76.2 million inflow, primarily from warrant exercises Cash Flow Summary (in thousands) | Activity | Three Months Ended Mar 31, 2025 ($ thousands) | Three Months Ended Mar 31, 2024 ($ thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $495 | $7,756 | | Net cash used in investing activities | $(16,859) | $(1,542) | | Net cash provided by (used in) financing activities | $76,181 | $(12,961) | | Net increase (decrease) in cash | $60,746 | $(7,673) | [Non-GAAP Financial Measures & Key Metrics](index=2&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Other%20Key%20Metrics) AvePoint presents non-GAAP financial measures, excluding certain expenses, and defines key operational metrics like ARR and retention rates GAAP to Non-GAAP Operating Income Reconciliation (in thousands) | Line Item | Q1 2025 ($ thousands) | Q1 2024 ($ thousands) | | :--- | :--- | :--- | | GAAP operating income (loss) | $3,287 | $(3,201) | | Stock-based compensation expense | $9,620 | $9,458 | | Amortization of acquired intangible assets | $466 | $353 | | **Non-GAAP operating income** | **$13,373** | **$6,610** | GAAP to Non-GAAP Gross Profit Reconciliation (in thousands) | Line Item | Q1 2025 ($ thousands) | Q1 2024 ($ thousands) | | :--- | :--- | :--- | | GAAP gross profit | $69,165 | $54,092 | | Stock-based compensation expense | $342 | $871 | | Amortization of acquired intangible assets | $333 | $241 | | **Non-GAAP gross profit** | **$69,840** | **$55,204** | - Key metrics definitions: - **Annual Recurring Revenue (ARR):** The annualized sum of contractually obligated Annual Contract Value (ACV) from all active customers - **Dollar-based Gross Retention Rate:** Measures the ability to retain ARR from existing customers over a 12-month period - **Dollar-based Net Retention Rate:** Measures the ability to retain and expand ARR from existing customers over a 12-month period[12](index=12&type=chunk)[13](index=13&type=chunk)[14](index=14&type=chunk)
AvePoint Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-08 20:05
Core Insights - AvePoint reported strong financial results for the first quarter of 2025, with total revenue of $93.1 million, reflecting a 25% year-over-year growth, and SaaS revenue of $68.9 million, which is a 34% increase year-over-year [1][5][19] - The company aims to become the world's leading data management software company and is targeting a billion-dollar ARR by 2029, driven by AI-driven data management strategies [2][5] Financial Performance - Total revenue for Q1 2025 was $93.1 million, up 25% from Q1 2024, with SaaS revenue at $68.9 million, a 34% increase [1][5] - GAAP gross profit was $69.2 million, compared to $54.1 million in Q1 2024, with a non-GAAP gross profit of $69.8 million [5][19] - GAAP operating income was $3.3 million, a significant improvement from a loss of $(3.2) million in Q1 2024, while non-GAAP operating income was $13.4 million [5][19] - Cash and cash equivalents stood at $351.8 million as of March 31, 2025 [5][21] Key Performance Indicators - Annual Recurring Revenue (ARR) reached $345.5 million, representing a 26% year-over-year growth, with an adjusted growth of 28% when accounting for foreign exchange [5][19] - The dollar-based gross retention rate was 89%, while the dollar-based net retention rate was 111% [5][19] - The company completed the acquisition of Ydentic to enhance its offerings for Managed Service Providers (MSPs) [5][19] Business Highlights - AvePoint launched the next generation of AvePoint Elements to automate insights and secure data for MSPs [5][19] - New data security solutions for Google were released, expanding multi-cloud protection capabilities [5][19] - The existing Share Repurchase Program was renewed for an additional three years, allowing for the purchase of up to $150 million of common stock [5][19]
AvePoint to Participate in May Investor Conferences
GlobeNewswire News Room· 2025-05-05 20:05
Core Insights - AvePoint is a global leader in data security, governance, and resilience, providing solutions that enable organizations to collaborate confidently [2] - The company has over 25,000 customers worldwide utilizing the AvePoint Confidence Platform across various collaboration environments [2] - AvePoint's global channel partner program includes approximately 5,000 managed service providers, value-added resellers, and systems integrators [2] Upcoming Events - AvePoint will present at several investor conferences, including the TD Cowen 53rd Annual Technology, Media & Telecom Conference on May 29, 2025, and the Jefferies Public Technology Conference on the same day [5] - The company will also participate in the 20th Annual Needham Technology, Media & Consumer 1x1 Conference virtually on May 12, 2025 [5] - Additional participation includes the Evercore ISI Software 1x1 Day and the Morgan Stanley Virtual ASEAN Conference, both on May 29, 2025 [5] Investor Relations - A live and archived audio webcast of all presentations will be available on the AvePoint Investor Relations website [1] - The company uses its website for disclosing material non-public information and for compliance with disclosure obligations under Regulation FD [4]