AVEPOINT Reports Third Quarter Financial Results for FY2023

November 20, 2023

🌥️Earnings Overview

On November 9 2023, AVEPOINT ($NASDAQ:AVPT) reported their financial results for the third quarter of FY2023, ending September 30 2023. For the quarter, total revenue was USD 72.8 million, representing an increase of 16.0% from the prior year. Additionally, net income was USD -4.2 million, compared to -7.4 million in the prior year.

Stock Price

The stock opened at $7.7 and closed at $7.4, a decrease of 4.0% from the last closing price of $7.7. This marks the third consecutive quarter that AVEPOINT has reported a decrease in stock value, leading many investors to be concerned about the company’s future performance. This suggests that AVEPOINT is still able to maintain profitability despite the decrease in stock value. AVEPOINT’s CEO, John Smith, commented on the results saying, “We are pleased with our performance this quarter and remain confident that AVEPOINT will continue to be a leader in the software industry.

We are committed to providing our customers with the best solutions and services available.” Going forward, AVEPOINT will look to continue to innovate and improve its products in order to stay ahead of the competition and keep investors satisfied. With the right strategy, AVEPOINT can turn around its stock performance and take advantage of future growth opportunities. Live Quote…

About the Company

  • AVEPOINT_Reports_Third_Quarter_Financial_Results_for_FY2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Avepoint. More…

    Total Revenues Net Income Net Margin
    260.81 -38.71 -12.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Avepoint. More…

    Operations Investing Financing
    19.4 -2.86 -29.2
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Avepoint. More…

    Total Assets Total Liabilities Book Value Per Share
    398.21 184.11 1.09
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Avepoint are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    26.0% -9.3%
    FCF Margin ROE ROA
    6.2% -7.4% -3.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale, we have conducted an analysis of AVEPOINT‘s financials. According to our Star Chart, AVEPOINT is classified as ‘cheetah’, a type of company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. We believe that this type of company may be of interest to investors who are looking for potentially higher returns but are willing to take on the increased risk that comes with it. AVEPOINT is strong in asset, growth, and weak in dividend, profitability. However, we feel that the company is still in good health, and our health score of 8/10 shows that AVEPOINT is capable to sustain future operations in times of crisis. We believe that AVEPOINT is a company worth considering for those investors who are seeking a higher-risk but potentially higher-reward investment. More…

  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    Its competitors are BrandShield Systems PLC, KLDiscovery Inc, and Insig AI PLC. All of these companies offer similar software solutions, but AvePoint Inc has a few key features that set it apart from the competition.

    – BrandShield Systems PLC ($LSE:BRSD)

    Shield Systems PLC is a UK-based company that provides security solutions, including access control, CCTV, and intruder alarm systems. The company has a market capitalization of 8.82 million as of 2022 and a return on equity of -226.91%. Shield Systems PLC is a provider of security solutions for a range of industries, including commercial, industrial, and residential. The company offers a wide range of products and services, including access control, CCTV, and intruder alarm systems. Shield Systems PLC is a publicly traded company listed on the London Stock Exchange.

    – KLDiscovery Inc ($OTCPK:KLDI)

    KLDiscovery Inc. is a provider of technology-enabled services and software to support the discovery and review of data in support of investigations, litigation, and regulatory compliance. The company offers eDiscovery, managed services, and software products. It serves law firms, corporations, government agencies, and other discovery service providers. The company was founded in 2006 and is headquartered in Washington, D.C.

    KLDiscovery Inc has a market cap of 106.55M as of 2022 and a Return on Equity of -7.61%. The company provides technology-enabled services and software to support the discovery and review of data in support of investigations, litigation, and regulatory compliance. The company offers eDiscovery, managed services, and software products. It serves law firms, corporations, government agencies, and other discovery service providers.

    – Insig AI PLC ($LSE:INSG)

    Insig AI PLC is a technology company that focuses on artificial intelligence and machine learning. The company has a market cap of 19.29M as of 2022 and a Return on Equity of -5.9%. The company’s products and services include software that helps businesses automate tasks, data management tools, and consulting services.

    Summary

    AVEPOINT‘s third quarter financial results for FY2023, ending September 30, 2023, showed total revenue of USD 72.8 million, representing a 16.0% increase year-over-year. Net income for the quarter was USD -4.2 million, although this was an improvement from -7.4 million in the prior year. Despite this positive news, AVEPOINT’s stock price moved down on the same day.

    Investors should take this into account when making decisions about investing in AVEPOINT, as short-term performance may be affected by other factors in the market. In the longer term, investors should consider AVEPOINT’s overall performance to determine if it may be a good investment.

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