AvePoint Announces Second Quarter 2022 Financial Results
12 August 2022 - 6:05AM
AvePoint (NASDAQ: AVPT), the most advanced SaaS and data management
platform provider, today announced financial results for
the second quarter ended June 30, 2022.
“Q2 was yet another quarter of solid execution with
strong results demonstrating the durability of our business in
a challenging macro environment,” said Dr. Tianyi Jiang (TJ), CEO
and Co-Founder of AvePoint. “Technology plays an important role for
organizations across every sector and yet the continual complex
nature of SaaS environments comes with inherent challenges. Solving
these challenges continues to be a top priority for our customers
who understand how our solutions can secure their digital
collaboration data, sustain connections between people, ensure
business continuity and provide a clear and measurable ROI.”
Second Quarter 2022 Financial
Highlights
- Revenue: Total revenue for the second quarter
of 2022 was $55.7 million, up 23% from the second quarter of 2021
and up 31% year over year on a constant currency basis. Within
total revenue, SaaS revenue was $27.6 million, up 34% from the
second quarter of 2021 and up 43% year over year on a constant
currency basis.
- Gross Profit: Gross profit for the second
quarter of 2022 was $40.3 million, compared to $33.6 million for
the second quarter of 2021. Gross margin for the second quarter of
2022 was 72.3%, compared to 74.2% for the second quarter of 2021.
Non-GAAP gross profit for the second quarter of 2022 was $41.0
million, compared to $33.9 million for the second quarter of 2021.
Non-GAAP gross margin was 73.6% for the second quarter of 2022,
compared to 74.8% for the second quarter of 2021.
- Operating Income/(Loss): Operating loss
for the second quarter of 2022 was $(11.8) million, compared to
$(11.2) million for the second quarter of 2021. Non-GAAP operating
loss for the second quarter of 2022 was $(1.3) million, compared to
$3.3 million for the second quarter of 2021.
- Cash and short-term investments: $246.6
million as of June 30, 2022.
Second Quarter Key Highlights
- ARR for the second quarter was $178.2 million dollars.
Excluding the $1.5 million dollar FX headwind, ARR grew by $39.2
million dollars year-over-year, representing 28% percent
year-over-year growth.
- Reported dollar-based net retention rate of 106%, 107% adjusted
for FX impact.
- Added four new solutions on Microsoft AppSource, an online
cloud marketplace providing tailored line-of-business
solutions.
- Enhanced robust data protection capabilities with the addition
of Microsoft Azure backup.
- Garnered industry recognition for continued innovation, winning
the 2022 EdTech Breakthrough Award and multiple channel program
awards in addition to being a finalist for 2022 Microsoft Partner
of the Year Awards in education and government.
- Through June 30, 2022, repurchased approximately 1.9
million shares under the share repurchase program at a cost of
approximately $10 million.
Financial Outlook
Since March 31, 2022, we have seen an incremental strengthening
of the U.S. dollar resulting in a foreign exchange headwind in
fiscal 2022. We now expect the total FX impact to be approximately
$4.8 million dollars on ARR and $5 million dollars on revenue. Our
revised guidance assumes this trend and that the challenging
macroeconomic environment will continue for the remainder of the
year.
- Third Quarter 2022 Guidance: Total
revenue is expected to be in the range of $62 million to $64
million or approximately 17% year-over-year growth, 23% adjusted
for constant currency. Non-GAAP operating income is expected to be
in the range of $1 million to $2 million.
- Full Year 2022 Guidance: Total revenue is
expected to be in the range of $230.0 million to $234.0 million or
approximately 21% year-over-year growth, 26% adjusted for constant
currency. Non-GAAP operating income/loss is expected to be in the
range of a loss of $(3.5) million to income of $1.0 million. ARR is
expected to be in the range of $202 million to $206 million or
approximately 28% year-over-year growth, 31% adjusted for FX
impact.
Quarterly Conference Call
AvePoint will host a conference call today, August 11, 2022, to
review its second quarter 2022 financial results and to discuss its
financial outlook. The call is scheduled to begin at 4:30pm ET. You
may access the call and register with a live operator by dialing 1
(844) 826-3035 for US participants and 1 (412) 317-5195 for outside
the US. The conference ID for the call is 10169265. Investors can
also join by webcast by visiting https://ir.avepoint.com/events.
The webcast will be available live, and a replay will be available
following the completion of the live broadcast for approximately 90
days.
About AvePoint
Collaborate with confidence. AvePoint provides the most advanced
platform for SaaS and data management to optimize SaaS operations
and secure collaboration. More than 9 million cloud users rely on
our solutions. Our SaaS solutions are also available to managed
service providers via more than 100 cloud marketplaces, so they can
better support and manage their small and mid-sized business
customers. Founded in 2001, AvePoint is a five-time Global
Microsoft Partner of the Year and headquartered in Jersey City, New
Jersey. For more information, visit www.avepoint.com.
Non-GAAP Financial Measures
To supplement AvePoint’s consolidated financial statements
presented in accordance with GAAP, the company uses non-GAAP
measures of certain components of financial performance. These
non-GAAP measures include non-GAAP gross profit, non-GAAP gross
margin, non-GAAP operating expenses (including percentage of
revenue figures), non-GAAP operating income and non-GAAP operating
margin. In order for AvePoint’s investors to be better able to
compare its current results with those of previous periods, the
company has included a reconciliation of GAAP to non-GAAP financial
measures at the end of this press release. These reconciliations
adjust the related GAAP financial measures to exclude stock-based
compensation expense. AvePoint believes the presentation of its
non-GAAP financial measures enhances the user’s overall
understanding of its historical financial performance. The
presentation of AvePoint’s non-GAAP financial measures is not meant
to be considered in isolation or as a substitute for its financial
results prepared in accordance with GAAP, and AvePoint’s non-GAAP
measures may be different from non-GAAP measures used by other
companies.
Disclosure Information
AvePoint uses the https://ir.avepoint.com/ website as a means of
disclosing material non-public information and for complying with
its disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the “safe harbor” provisions of the United
States Private Securities Litigation Reform Act of 1995 and other
federal securities laws including statements regarding the future
performance of and market opportunities for AvePoint. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: changes in the competitive and regulated industries in
which AvePoint operates, variations in operating performance across
competitors, changes in laws and regulations affecting AvePoint’s
business and changes in AvePoint’s ability to implement business
plans, forecasts, and ability to identify and realize additional
opportunities, and the risk of downturns in the market and the
technology industry. You should carefully consider the foregoing
factors and the other risks and uncertainties described in the
“Risk Factors” section of AvePoint’s most recent Quarterly Report
on Form 10-Q and its registration statement on Form S-1 and related
prospectus and prospectus supplements filed with the SEC. Copies of
these and other documents filed by AvePoint from time to time are
available on the SEC's website, www.sec.gov. These filings identify
and address other important risks and uncertainties that could
cause actual events and results to differ materially from those
contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and AvePoint does not assume any obligation and does not intend to
update or revise these forward-looking statements after the date of
this release, whether as a result of new information, future
events, or otherwise, except as required by law. AvePoint does not
give any assurance that it will achieve its expectations.
Investor Contact
ICR for AvePointMarc P.
Griffinir@avepoint.com 646-277-1290
Media Contact
AvePointNicole Cacipr@avepoint.com 201-201-8143
AvePoint, Inc. and SubsidiariesCondensed
Consolidated Statements of Operations(In thousands, except per
share amounts)(Unaudited)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SaaS |
|
$ |
27,619 |
|
|
$ |
20,586 |
|
|
$ |
54,172 |
|
|
$ |
38,845 |
|
Term license and support |
|
|
14,011 |
|
|
|
11,088 |
|
|
|
24,213 |
|
|
|
19,815 |
|
Services |
|
|
9,848 |
|
|
|
7,302 |
|
|
|
18,773 |
|
|
|
13,218 |
|
Maintenance |
|
|
4,067 |
|
|
|
5,458 |
|
|
|
8,508 |
|
|
|
10,867 |
|
Perpetual license |
|
|
156 |
|
|
|
910 |
|
|
|
326 |
|
|
|
1,399 |
|
Total revenue |
|
|
55,701 |
|
|
|
45,344 |
|
|
|
105,992 |
|
|
|
84,144 |
|
Cost of revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SaaS |
|
|
6,120 |
|
|
|
4,564 |
|
|
|
11,640 |
|
|
|
9,004 |
|
Term license and support |
|
|
482 |
|
|
|
230 |
|
|
|
1,058 |
|
|
|
503 |
|
Services |
|
|
8,550 |
|
|
|
6,508 |
|
|
|
16,809 |
|
|
|
12,093 |
|
Maintenance |
|
|
275 |
|
|
|
418 |
|
|
|
550 |
|
|
|
898 |
|
Total cost of revenue |
|
|
15,427 |
|
|
|
11,720 |
|
|
|
30,057 |
|
|
|
22,498 |
|
Gross profit |
|
|
40,274 |
|
|
|
33,624 |
|
|
|
75,935 |
|
|
|
61,646 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing |
|
|
27,174 |
|
|
|
29,001 |
|
|
|
54,228 |
|
|
|
48,302 |
|
General and administrative |
|
|
16,322 |
|
|
|
11,664 |
|
|
|
31,864 |
|
|
|
21,956 |
|
Research and development |
|
|
7,892 |
|
|
|
3,883 |
|
|
|
14,294 |
|
|
|
7,985 |
|
Depreciation and amortization |
|
|
629 |
|
|
|
279 |
|
|
|
1,140 |
|
|
|
537 |
|
Total operating expenses |
|
|
52,017 |
|
|
|
44,827 |
|
|
|
101,526 |
|
|
|
78,780 |
|
Loss from operations |
|
|
(11,743 |
) |
|
|
(11,203 |
) |
|
|
(25,591 |
) |
|
|
(17,134 |
) |
Gain on earn-out and warrant
liabilities |
|
|
2,668 |
|
|
|
— |
|
|
|
5,935 |
|
|
|
— |
|
Interest income, net |
|
|
20 |
|
|
|
11 |
|
|
|
34 |
|
|
|
24 |
|
Other income (expense),
net |
|
|
(693 |
) |
|
|
62 |
|
|
|
(870 |
) |
|
|
(1 |
) |
Loss before income taxes |
|
|
(9,748 |
) |
|
|
(11,130 |
) |
|
|
(20,492 |
) |
|
|
(17,111 |
) |
Income tax benefit |
|
|
(546 |
) |
|
|
(73 |
) |
|
|
(237 |
) |
|
|
(1,112 |
) |
Net loss |
|
$ |
(9,202 |
) |
|
$ |
(11,057 |
) |
|
$ |
(20,255 |
) |
|
$ |
(15,999 |
) |
Net income attributable to and
accretion of redeemable noncontrolling interest |
|
|
(627 |
) |
|
|
(499 |
) |
|
|
(1,244 |
) |
|
|
(896 |
) |
Net loss attributable to
AvePoint, Inc. |
|
$ |
(9,829 |
) |
|
$ |
(11,556 |
) |
|
$ |
(21,499 |
) |
|
$ |
(16,895 |
) |
Deemed dividends on preferred
stock |
|
|
— |
|
|
|
(24,742 |
) |
|
|
— |
|
|
|
(33,536 |
) |
Net loss available to common
shareholders |
|
$ |
(9,829 |
) |
|
$ |
(36,298 |
) |
|
$ |
(21,499 |
) |
|
$ |
(50,431 |
) |
Basic and diluted loss per share |
|
$ |
(0.05 |
) |
|
$ |
(0.36 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.50 |
) |
Basic and diluted shares used in computing loss per share |
|
|
182,491 |
|
|
|
101,968 |
|
|
|
182,661 |
|
|
|
101,368 |
|
AvePoint, Inc. and SubsidiariesCondensed
Consolidated Balance Sheets(In thousands, except par
value)(Unaudited)
|
|
June 30, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
Assets |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
65,062 |
|
|
$ |
268,217 |
|
Short-term investments |
|
|
181,545 |
|
|
|
2,411 |
|
Accounts receivable, net of allowance of $1,320 and $838 at June
30, 2022 and December 31, 2021, respectively |
|
|
51,441 |
|
|
|
55,067 |
|
Prepaid expenses and other current assets |
|
|
6,248 |
|
|
|
8,461 |
|
Total current assets |
|
|
304,296 |
|
|
|
334,156 |
|
Property and equipment,
net |
|
|
5,179 |
|
|
|
3,922 |
|
Goodwill |
|
|
4,744 |
|
|
|
— |
|
Other intangible assets,
net |
|
|
5,156 |
|
|
|
— |
|
Operating lease right-of-use
assets |
|
|
18,068 |
|
|
|
— |
|
Deferred contract costs |
|
|
40,474 |
|
|
|
38,926 |
|
Other assets |
|
|
10,004 |
|
|
|
11,734 |
|
Total assets |
|
$ |
387,921 |
|
|
$ |
388,738 |
|
Liabilities, mezzanine
equity, and stockholders’ equity |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
2,100 |
|
|
$ |
1,824 |
|
Accrued expenses and other liabilities |
|
|
32,730 |
|
|
|
35,062 |
|
Current portion of deferred revenue |
|
|
73,795 |
|
|
|
74,294 |
|
Total current liabilities |
|
|
108,625 |
|
|
|
111,180 |
|
Long-term operating lease
liabilities |
|
|
13,690 |
|
|
|
— |
|
Long-term portion of deferred
revenue |
|
|
7,151 |
|
|
|
8,038 |
|
Earn-out shares
liabilities |
|
|
4,770 |
|
|
|
10,012 |
|
Other non-current
liabilities |
|
|
4,261 |
|
|
|
3,943 |
|
Total liabilities |
|
|
138,497 |
|
|
|
133,173 |
|
Commitments and
contingencies |
|
|
|
|
|
|
|
|
Mezzanine equity |
|
|
|
|
|
|
|
|
Redeemable noncontrolling interest |
|
|
12,173 |
|
|
|
5,210 |
|
Total mezzanine equity |
|
|
12,173 |
|
|
|
5,210 |
|
Stockholders’ equity |
|
|
|
|
|
|
|
|
Common stock, $0.0001 par value; 1,000,000 shares authorized,
181,331 and 181,822 shares issued and outstanding, at June 30, 2022
and December 31, 2021, respectively |
|
|
18 |
|
|
|
18 |
|
Additional paid-in capital |
|
|
644,931 |
|
|
|
625,056 |
|
Treasury stock |
|
|
(11,791 |
) |
|
|
(1,739 |
) |
Accumulated other comprehensive income |
|
|
889 |
|
|
|
2,317 |
|
Accumulated deficit |
|
|
(396,796 |
) |
|
|
(375,297 |
) |
Total stockholders’
equity |
|
|
237,251 |
|
|
|
250,355 |
|
Total liabilities, mezzanine
equity, and stockholders’ equity |
|
$ |
387,921 |
|
|
$ |
388,738 |
|
AvePoint, Inc. and SubsidiariesCondensed
Consolidated Statements of Cash Flows(In thousands)(Unaudited)
|
|
Six Months Ended |
|
|
|
June 30, |
|
|
|
2022 |
|
|
2021 |
|
Operating activities |
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(20,255 |
) |
|
$ |
(15,999 |
) |
Adjustments to reconcile net
loss to net cash used in operating activities: |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
1,333 |
|
|
|
537 |
|
Operating lease right-of-use assets expense |
|
|
2,649 |
|
|
|
— |
|
Foreign currency remeasurement loss (gain) |
|
|
1,386 |
|
|
|
(134 |
) |
Provision for doubtful accounts |
|
|
519 |
|
|
|
(732 |
) |
Stock-based compensation |
|
|
18,678 |
|
|
|
17,799 |
|
Gain on disposal of property and equipment |
|
|
(45 |
) |
|
|
(15 |
) |
Deferred income taxes |
|
|
(37 |
) |
|
|
(981 |
) |
Change in value of earn-out and warrant liabilities |
|
|
(5,840 |
) |
|
|
— |
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
Accounts receivable and long-term unbilled receivables |
|
|
2,522 |
|
|
|
2,399 |
|
Prepaid expenses and other current assets |
|
|
1,452 |
|
|
|
(1,994 |
) |
Deferred contract costs and other assets |
|
|
(5,025 |
) |
|
|
(1,955 |
) |
Accounts payable, accrued expenses and other liabilities |
|
|
(6,654 |
) |
|
|
(4,144 |
) |
Deferred revenue |
|
|
2,721 |
|
|
|
3,298 |
|
Net cash used in operating
activities |
|
|
(6,596 |
) |
|
|
(1,921 |
) |
Investing
activities |
|
|
|
|
|
|
|
|
Maturities of investments |
|
|
1,093 |
|
|
|
— |
|
Purchases of investments |
|
|
(180,041 |
) |
|
|
(423 |
) |
Purchase of APXT shares |
|
|
— |
|
|
|
(1,631 |
) |
Net assets acquired from
business combinations and asset acquisitions, net of cash
acquired |
|
|
(2,222 |
) |
|
|
— |
|
Capitalization of internal use
software |
|
|
(1,174 |
) |
|
|
— |
|
Purchase of property and
equipment |
|
|
(2,234 |
) |
|
|
(897 |
) |
Net cash used in investing
activities |
|
|
(184,578 |
) |
|
|
(2,951 |
) |
Financing
activities |
|
|
|
|
|
|
|
|
Payments of transaction
fees |
|
|
— |
|
|
|
(1,872 |
) |
Purchase of common stock |
|
|
(10,042 |
) |
|
|
— |
|
Proceeds from stock option
exercises |
|
|
1,719 |
|
|
|
3,277 |
|
Proceeds from sale of common
shares of subsidiary |
|
|
— |
|
|
|
753 |
|
Repayments of finance
leases |
|
|
(11 |
) |
|
|
(14 |
) |
Net cash provided by (used in)
financing activities |
|
|
(8,334 |
) |
|
|
2,144 |
|
Effect of exchange rates on
cash |
|
|
(3,647 |
) |
|
|
(46 |
) |
Net decrease in cash and cash
equivalents |
|
|
(203,155 |
) |
|
|
(2,774 |
) |
Cash and cash equivalents at
beginning of period |
|
|
268,217 |
|
|
|
69,112 |
|
Cash and cash equivalents at
end of period |
|
$ |
65,062 |
|
|
$ |
66,338 |
|
Supplemental
disclosures of cash flow information |
|
|
|
|
|
|
|
|
Income taxes paid |
|
$ |
420 |
|
|
$ |
2,389 |
|
Noncash acquisition |
|
$ |
5,635 |
|
|
$ |
— |
|
AvePoint, Inc. and SubsidiariesNon-GAAP
Reconciliations(In thousands)(Unaudited)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
|
June 30, |
|
|
June 30, |
|
|
|
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
|
Non-GAAP operating income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP operating loss |
|
$ |
(11,743 |
) |
|
$ |
(11,203 |
) |
|
$ |
(25,591 |
) |
|
$ |
(17,134 |
) |
|
Stock-based compensation
expense |
|
|
10,404 |
|
|
|
14,510 |
|
|
|
18,678 |
|
|
|
17,799 |
|
|
Non-GAAP operating income
(loss) |
|
$ |
(1,339 |
) |
|
$ |
3,307 |
|
|
$ |
(6,913 |
) |
|
$ |
665 |
|
|
Non-GAAP operating margin |
|
|
-2.4 |
% |
|
|
7.3 |
% |
|
|
-6.5 |
% |
|
|
0.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP gross
profit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP gross profit |
|
$ |
40,274 |
|
|
$ |
33,624 |
|
|
$ |
75,935 |
|
|
$ |
61,646 |
|
|
Stock-based compensation
expense |
|
|
703 |
|
|
|
272 |
|
|
|
1,281 |
|
|
|
362 |
|
|
Non-GAAP gross profit |
|
$ |
40,977 |
|
|
$ |
33,896 |
|
|
$ |
77,216 |
|
|
$ |
62,008 |
|
|
Non-GAAP gross margin |
|
|
73.6 |
% |
|
|
74.8 |
% |
|
|
72.9 |
% |
|
|
73.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP sales and
marketing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP sales and marketing |
|
$ |
27,174 |
|
|
$ |
29,001 |
|
|
$ |
54,228 |
|
|
$ |
48,302 |
|
|
Stock-based compensation
expense |
|
|
(3,396 |
) |
|
|
(9,791 |
) |
|
|
(5,858 |
) |
|
|
(10,902 |
) |
|
Non-GAAP sales and
marketing |
|
$ |
23,778 |
|
|
$ |
19,210 |
|
|
$ |
48,370 |
|
|
$ |
37,400 |
|
|
Non-GAAP sales and marketing
as a % of revenue |
|
|
42.7 |
% |
|
|
42.4 |
% |
|
|
45.6 |
% |
|
|
44.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP general and
administrative |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP general and
administrative |
|
$ |
16,322 |
|
|
$ |
11,664 |
|
|
$ |
31,864 |
|
|
$ |
21,956 |
|
|
Stock-based compensation
expense |
|
|
(5,281 |
) |
|
|
(4,364 |
) |
|
|
(9,765 |
) |
|
|
(6,355 |
) |
|
Non-GAAP general and
administrative |
|
$ |
11,041 |
|
|
$ |
7,300 |
|
|
$ |
22,099 |
|
|
$ |
15,601 |
|
|
Non-GAAP general and
administrative as a % of revenue |
|
|
19.8 |
% |
|
|
16.1 |
% |
|
|
20.8 |
% |
|
|
18.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP research and
development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP research and
development |
|
$ |
7,892 |
|
|
$ |
3,883 |
|
|
$ |
14,294 |
|
|
$ |
7,985 |
|
|
Stock-based compensation
expense |
|
|
(1,024 |
) |
|
|
(83 |
) |
|
|
(1,774 |
) |
|
|
(180 |
) |
|
Non-GAAP research and
development |
|
$ |
6,868 |
|
|
$ |
3,800 |
|
|
$ |
12,520 |
|
|
$ |
7,805 |
|
|
Non-GAAP research and
development as a % of revenue |
|
|
12.3 |
% |
|
|
8.4 |
% |
|
|
11.8 |
% |
|
|
9.3 |
% |
|
AvePoint (NASDAQ:AVPT)
Historical Stock Chart
From Mar 2024 to Apr 2024
AvePoint (NASDAQ:AVPT)
Historical Stock Chart
From Apr 2023 to Apr 2024