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

AvePoint (Delaware)

09/08/2023 22:52

* AvePoint Inc  AVPT.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of one cent per share.
    * Revenue rose 16.5% to $64.87 million from a year ago;
analysts
expected $61.78 million. 
    * AvePoint Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The mean earnings estimate of analysts had fallen by
about 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 1.9% this quarter and
gained 42.8% so far this year.
    * The company reported a quarterly loss of $12.59 million.
    * Wall Street's median 12-month price target for AvePoint
Inc is
$6.25 
    * 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
August 9 at 09:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.01           -0.02          Missed
 Mar. 31 2023      -0.01          0.00           Beat
 Dec. 31 2022      0.02           -0.06          Missed
 Sep. 30 2022      0.01           0.01           Met