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Dec 31, 2023

Avepoint Q4 2023 Earnings Report

Financial results for the fourth quarter and full year were announced.

Key Takeaways

AvePoint reported strong Q4 and full year 2023 results, with significant SaaS and total revenue growth. The company exceeded financial guidance and demonstrated substantial cash flow generation.

AvePoint's Q4 results marked the strongest year as a public company.

The company's platform and customer demand drove financial outperformance.

AvePoint is positioned to drive generative AI adoption in 2024.

Total ARR reached $264.5 million, representing 23% year-over-year growth.

Total Revenue
$74.6M
Previous year: $63.6M
+17.3%
EPS
$0.02
Previous year: -$0.07
-128.6%
Gross Profit
$55M
Previous year: $45.4M
+21.2%
Cash and Equivalents
$227M
Previous year: $227M
-0.1%
Free Cash Flow
$20.7M
Previous year: $5.69M
+263.4%
Total Assets
$443M
Previous year: $416M
+6.5%

Avepoint

Avepoint

Forward Guidance

AvePoint provided financial outlook for the first quarter and full year of 2024.