AvePoint Inc reports results for the quarter ended in December - Earnings Summary

AvePoint (Delaware)

09/03/2023 22:02

* AvePoint Inc  AVPT.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 2 cents per share.
    * Revenue rose 18.1% to $63.61 million from a year ago;
analysts
expected $64.02 million. 
    * AvePoint Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * AvePoint Inc shares had risen by 24.1% this quarter.
    * The company reported a quarterly loss of $12.72 million.
    * Wall Street's median 12-month price target for AvePoint
Inc is
$5.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 9 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.02           -0.06          Missed
 Sep. 30 2022      0.01           0.01           Met
 Jun. 30 2022      -0.01          -0.01          Met
 Mar. 31 2022      -0.03          -0.03          Met