AvePoint Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-09

AvePoint (NASDAQ:AVPT) Third Quarter 2024 Results Key Financial Results Revenue: US$88.8m (up 22% from 3Q 2023). Net income: US$2.62m (up from US$4.21m loss in 3Q 2023). Profit margin: 3.0% (up from ...

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Earnings per share  also surpassed analyst estimates.Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.The company's shares are up 20% from a week ago.Before you take the next step you should know about the 1 warning sign for AvePoint that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AVPTW":"AvePoint Inc. Warrant","AVPT":"AvePoint Inc."},"translate_title":"AvePoint 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVPT":0.9,"AVPTW":0.9},"content_text":"AvePoint (NASDAQ:AVPT) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$88.8m (up 22% from 3Q 2023).\nNet income: US$2.62m (up from US$4.21m loss in 3Q 2023).\nProfit margin: 3.0% (up from net loss in 3Q 2023).\nEPS: US$0.014 (up from US$0.023 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:AVPT Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nAvePoint Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates. \n Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. \nPerformance of the American Software industry.\n The company's shares are up 20% from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 1 warning sign for AvePoint that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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