04:14 AM EDT, 05/10/2024 (MT Newswires) -- AvePoint ( AVPT ) reported late Thursday a Q1 net loss of $0.01 per diluted share, narrower than the $0.05 loss per share a year earlier.

Three analysts polled by Capital IQ expected a $0.05 loss per share.

Revenue for the quarter ended March 31 was $74.5 million, up from $59.6 million a year earlier. Analysts polled by Capital IQ expected $72.3 million.

For Q2, the company expects revenue of $73.8 million to $75.8 million. Analysts polled by Capital IQ are expecting $75.1 million.

For 2024, the company now expects revenue of $314.3 million to $320.3 million, compared with previous guidance of $308.6 million to $316.6 million. Analysts polled by Capital IQ are expecting revenue of $315.1 million.

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