Overview

* AvePoint ( AVPT ) Q3 total revenue rises 24% yr/yr to $109.7 mln

* SaaS revenue grows 38% yr/yr to $84.0 mln in Q3

* Total ARR reaches $390 mln, up 26% yr/yr

Outlook

* AvePoint ( AVPT ) raises full-year revenue guidance to $414.8 mln-$416.8 mln

* Company expects Q4 revenue of $110 mln to $112 mln

* AvePoint ( AVPT ) projects full-year ARR of $412.8 mln to $418.8 mln

Result Drivers

* SAAS GROWTH - SaaS revenue increased 38% yr/yr to $84.0 mln, driven by demand for AI-related data security solutions

* ARR INCREASE - Total ARR reached $390 mln, up 26% yr/yr, reflecting strong customer retention and expansion

* NEW SOLUTIONS - Introduction of new data protection solutions and an enhanced partner program supported growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $13.02

Income mln

Q3 75.10%

Adjusted

Gross

Margin

Q3 $82.40

Adjusted mln

Gross

Profit

Q3 ARR $390 mln

Q3 Gross $81.58

Profit mln

Q3 $73.45

Operatin mln

g

Expenses

Q3 $8.13

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for AvePoint Inc ( AVPT ) is $22.00, about 35.1% above its November 5 closing price of $14.28

* The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 61 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)