- Shares of cloud solutions provider AvePoint, Inc. have fallen 60% since its July 2021 debut, as the risk-off trade and negative sentiment towards SPAC IPOs have hurt price performance.
- The slightly free cash flow positive company did forecast FY22 revenue below expectations, but most of the shortfall was due to a revenue recognition adjustment.
- With a large buyback in place, and top-line growth projected at 25%-30% for the foreseeable future, this busted IPO merited consideration.
- A full investment analysis follows in the paragraphs below.
For further details see:
AvePoint: A First Assessment