AVPT Earnings Prediction
The chart below shows how AVPT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AVPT sees a +0.35% change in stock price 10 days leading up to the earnings, and a +9.38% change 10 days following the report. On the earnings day itself, the stock moves by +0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
AVPT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
88.80M
22.05%
13.91%
Gross Margin
76.10%
5.26%
0.53%
Operating Margin
8.62%
2104.65%
-414.60%
Net Margin
3.30%
156.80%
-119.88%
EPS
0.01
150.00%
-114.29%
No Data Available
AVPT Earnings Analysis
AvePoint, Inc. Class A Common Stock Corporation (AVPT.O) Earnings Conference Call
Positive
Q3 Revenue Growth: Total revenues for Q3 were $88.8 million, representing year-over-year growth of 22%.
SaaS Revenue Surge: SaaS revenue was $16.9 million, growing 45% year-over-year, the highest growth rate delivered in 11 quarters.
Annual Recurring Revenue Milestone: Total ARR surpassed the $300 million mark, ending the quarter at $308.9 million, reflecting year-over-year growth of 23%.
Record Net New ARR: Net new ARR for Q3 was a record $18.8 million, growing 31% year-over-year, the highest organic growth rate delivered as a public company.
Operating Income Improvement: Operating income for Q3 was $17.8 million, representing an operating margin of 20.1%, improvement of more than 720 basis points.
Negative
Q3 Revenue Growth Slowdown: Total revenues for Q3 were $88.8 million, representing a year-over-year growth of only 22%, which is a slowdown compared to previous quarters.
Operating Expenses Analysis: Operating expenses totaled $50.5 million or 57% of revenues, compared to $44.3 million or 61% of revenues a year ago, indicating rising costs.
Gross Profit Decline: Gross profit for Q3 was $68.4 million, representing a gross margin of 77%, down from 73.7% in Q3 of 2023, reflecting increased cost pressures.
Operating Income Decline: The company reported a non-GAAP operating income of $17.8 million, which is a decline from previous quarters, indicating potential profitability issues.
Customer Retention Challenges: Customer retention rates showed a slight increase to 88%, but this is still below the desired target, suggesting challenges in maintaining customer loyalty.
AVPT FAQs
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AVPT Earning Call Sentiment
AvePoint, Inc. (AVPT) Q3 2024 Earnings Call Transcript
AVPT.O
-0.9%Positive
The company's financial performance shows strong revenue growth and improved margins, with a significant increase in SaaS revenue and ARR. The share repurchase indicates confidence in the stock. While there are risks related to data security and regulatory compliance, the focus on governance and security is driving growth. The Q&A section highlights strong performance in the SMB segment and public sector, with improved sales efficiency. Given the market cap of $1.9 billion, the positive financial metrics and strategic focus on AI and governance suggest a positive stock price movement of 2% to 8%.
