AvePoint, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022 at 04:05 pm EDT
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AvePoint, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 50.29 million compared to USD 38.8 million a year ago. Net loss was USD 11.67 million compared to USD 5.34 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.14 a year ago.
AvePoint, Inc. provides a cloud-native software platform that organizations rely on to optimize information technology (IT) operations, manage critical data and secure the digital workplace. The Companyâs AvePoint Confidence Platform delivers a set of software-as-a-service (SaaS) solutions, empowering users in a variety of technology roles, including IT operations, development operations and cybersecurity to monitor and secure the digital workplace. Built on top of platform-as-a-service (PaaS) architecture, the AvePoint Confidence Platform offers modularity and combines cloud services architecture with industry-specific functionality to address operational challenges and the ongoing management of data, as organizations leverage a variety of third-party cloud vendors. The AvePoint Confidence Platform, and the applications that it powers, is organized into three interconnected suites of functionality, which include The Control Suite, The Resilience Suite and The Modernization Suite.
AVEPOINT, INC. 
