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

AvePoint (Delaware)

10/05/2023 22:55

* AvePoint Inc  AVPT.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss of
one cent per share.
    * Revenue rose 11.7% to $56.16 million from a year ago;
analysts
expected $58.20 million. 
    * AvePoint Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 45% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * AvePoint Inc shares had risen by 8.3% this quarter and
gained 8.5% so far this year.
    * The company reported a quarterly loss of $9.2 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 May
10 at 09:55 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.01          -0.05          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