NASDAQ$AVPT

Avepoint Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Avepoint's Q2 2022 financial results were announced, demonstrating solid execution and strong results in a challenging macro environment.

AvePoint reported a 23% year-over-year increase in total revenue, reaching $55.7 million, and a 34% year-over-year increase in SaaS revenue, reaching $27.6 million. Total ARR reached $178.2 million, representing a 28% year-over-year growth.

  • Second quarter SaaS revenue was $27.6 million, representing 34% year-over-year growth (43% adjusted for constant currency).
  • Second quarter total revenue was $55.7 million, representing 23% year-over-year growth (31% adjusted for constant currency).
  • Total ARR reached $178.2 million, representing 28% year-over-year growth (29% adjusted for FX impact).
  • The company expects a $4.8 million impact on ARR and a $5 million impact on revenue due to the strengthening of the U.S. dollar.

Headline financials

Total Revenue

$55.7M

Previous: $45.3M+22.8%
EPS (adj)

-$0.04

Previous: -$3.09+98.7%
Annual Recurring Revenue

$178M

Previous: $139M+28.2%
Capital Expenditures

-$2.23M

Previous: $631K-454.0%
Free Cash Flow

-$12.1M

Previous: $3.18M-479.2%
Net Income

-$9.83M

Previous: -$11.6M+15.3%
Operating Income

-$11.7M

Previous: -$11.2M-4.8%
Gross Profit

$40.3M

Previous: $33.6M+19.8%
Cash & Equivalents

$65.1M

Previous: $66.3M-1.9%
Total Assets

$388M

Previous: $352M+10.1%
Stock-Based Comp

$10.4M

Previous: $14.5M-28.3%

Revenue & EPS history

Avepoint · Revenue · Quarterly

$55.7M

Q2 2022+22.8%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Avepoint · $27.6M total across 1 segment · Q2 2022

  • SaaS
    $27.6M

Forward guidance

The company expects the challenging macroeconomic environment to continue for the remainder of the year and anticipates a foreign exchange headwind in fiscal 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.4%

Avg return

Earnings day

+4.1%

Avg return

5 days after

+7.2%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+13.8%

Q3 2024

Best reaction

-12.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-2.0%+4.7%
Q4 2025+4.1%+7.0%-9.1%
Q3 2025-12.6%-4.5%-3.1%
Q1 2025+8.2%+14.0%+12.4%
Q4 2024-12.5%-10.4%-14.4%
Q3 2024+13.8%+21.1%+44.3%
Q2 2024+3.0%+10.5%+17.6%
Q1 2024+1.3%+3.4%+10.5%
Q4 2023+1.3%-5.7%+0.1%
Q3 2023-4.0%+7.5%+3.5%
Q2 2023-1.9%+6.6%+14.8%
Q1 2023+3.6%+19.7%+46.0%
Q4 2022-2.2%-17.6%-21.4%
Q3 2022+3.1%+30.7%+23.7%
Q2 2022-0.7%-3.1%-14.9%
Q1 2022+3.4%+18.0%+30.5%
Q4 2021+3.9%+12.3%+0.8%
Q3 2021-9.6%-20.2%-29.4%
Q2 2021-2.9%-7.7%-5.2%
Q1 2021+1.0%+0.6%+12.5%
Q2 2020+4.0%+9.0%+4.5%
Q4 2020+4.0%+9.0%+4.5%
Q3 2020+0.4%-0.9%+38.5%
Q4 2019-0.2%+1.8%+1.3%

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