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Mar 31, 2022

Avepoint Q1 2022 Earnings Report

Announced first quarter 2022 financial results, demonstrating growth in SaaS revenue and total revenue.

Key Takeaways

AvePoint reported a strong start to 2022, with significant SaaS revenue growth and solid ARR growth, leading to profitability that exceeded expectations.

SaaS revenue increased by 45% year-over-year.

Total revenue grew by 30% year-over-year.

Total ARR increased by 30% year-over-year.

Profitability was ahead of expectations.

Total Revenue
$50.3M
Previous year: $38.8M
+29.6%
EPS
-$0.08
Previous year: -$0.14
-42.9%
ARR
$167M
Previous year: $129M
+30.0%
Gross Profit
$35.5M
Previous year: $28M
+26.7%
Cash and Equivalents
$78.8M
Previous year: $139K
+56364.9%
Free Cash Flow
-$7.09M
Previous year: -$4.53M
+56.5%
Total Assets
$391M
Previous year: $353M
+11.0%

Avepoint

Avepoint

Avepoint Revenue by Segment