Avepoint Stock Intrinsic Value – AVEPOINT Reports Strong Second Quarter Financial Results for FY2023
August 24, 2023
☀️Earnings Overview
AVEPOINT ($NASDAQ:AVPT) announced its financial results for the second quarter of FY2023, ending on June 30 2023, reporting a total revenue of USD 64.9 million, an increase of 16.5% from the same period as the previous year. Net income for the quarter was USD -12.6 million, compared to a net loss of -9.8 million in the second quarter of FY2022.
Stock Price
The company’s stock opened at $5.8 and closed at the same price, a slight decrease of 1.9% from the previous closing price of $5.9. AVEPOINT‘s CEO, Alan Phillips, attributed much of the success to the company’s continued focus on developing innovative products and services in the enterprise software market. He also noted that AVEPOINT had made significant investments in sales channels and marketing resources to drive further growth. The company also announced that it had completed several strategic acquisitions throughout the quarter, strengthening its position in the enterprise software market and expanding its customer base.
In addition, AVEPOINT has been actively exploring new opportunities for growth in the cloud computing and artificial intelligence sectors. The company is confident that its investments in product development and customer acquisition will continue to pay off in the future and is looking forward to further expansion in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Avepoint. More…
| Total Revenues | Net Income | Net Margin |
| 250.79 | -41.91 | -15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Avepoint. More…
| Operations | Investing | Financing |
| 15.08 | 160.7 | -22.6 |
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 |
| 398.57 | 173.44 | 1.14 |
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% | – | -12.5% |
| FCF Margin | ROE | ROA |
| 4.6% | -9.0% | -4.9% |
Analysis – Avepoint Stock Intrinsic Value
At GoodWhale, we conducted an analysis of AVEPOINT’s financials and arrived at an intrinsic value of $9.8 per share. This was calculated using our proprietary Valuation Line. Currently, the AVEPOINT stock is traded at $5.8, which puts it undervalued by 40.8%. This presents an opportunity for investors to gain from upside potential in the future. More…
Peers
Its competitors are BrandShield Systems PLC, KLDiscovery Inc, and Insig AI PLC. All of these companies offer similar software solutions, but AvePoint Inc has a few key features that set it apart from the competition.
– BrandShield Systems PLC ($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 financial results for the second quarter of FY2023 have been promising, with total revenue increasing by 16.5% compared to the same period the previous year. Net income for the quarter was USD -12.6 million, which is an improvement from a net loss of -9.8 million in the second quarter of FY2022. Although the net income for the most recent quarter was negative, investors can take comfort in the company’s growth in revenue and improved performance from the previous year. This indicates that AVEPOINT is making sound investments and has potential for further growth in the near future.
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