2023-05-10 16:47:31 ET
- AvePoint press release ( NASDAQ: AVPT ): Q1 GAAP EPS of -$0.05 beats by $0.01 .
- Revenue of $59.6M (+18.5% Y/Y) beats by $1.44M , 23% adjusted for constant currency.
- First quarter SaaS revenue of $35.5 million, representing 34% year-over-year growth, 39% adjusted for constant currency.
- Total ARR of $222.4 million, representing 26% year-over-year growth, 31% adjusted for FX impact.
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The Company is raising its full year outlook for total ARR, total revenues and non-GAAP operating income. For the second quarter of 2023, the Company expects: Total revenues of $60.5 million to $62.5 million vs. consensus of $61.83M, or 10% year-over-year growth at the midpoint. Non-GAAP operating income of $0.8 million to $2.0 million.
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For the full year 2023, the Company now expects: Total ARR of $255.0 million to $261.0 million, or 20% year-over-year growth at the midpoint.
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Total revenues of $256.5 million to $262.5 million vs. consensus of $258.15M, or 12% year-over-year growth at the midpoint.
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Non-GAAP operating income of $13.9 million to $16.2 million.
For further details see:
AvePoint beats Q1 top and bottom line estimates; initiates Q2 and raises FY23 outlook