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CLAIM #64412 · AvePoint, Inc. (AVPT) · 2022Q3 earnings call · Nov 10, 2022 · due Dec 31, 2022

We now expect a non-GAAP operating loss of $3.2 million to $1.2 million.

Jim Caci · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
non-GAAP operating loss of $3.2 million to $1.2 million
Reported
Non-GAAP operating margin was a negative 1.2%

How to check this claim

Look at: Full year 2022 non-GAAP operating income (loss)

It came true if: Non-GAAP operating loss between $1.2 million and $3.2 million

Where: Company earnings release / non-GAAP reconciliation for full year 2022 (Q4 2022 earnings report)

In context

gate price of approximately $19.6 million. I would now like to turn to our outlook for the fourth quarter and the full year 2022, and provide some color on how we're thinking about Q4. For the fourth quarter, we expect total revenues of $63 million to $65 million or approximately 19% year over year growth, 22% adjusted for constant currency. We expect non-GAAP operating income of $1.5 million to $3.5 million. Our guidance reflects the expected contribution from recent acquisitions, offset by the ongoing operating cost of those acquisitions as well as the timing of certain expenses, which moved from Q3 into Q4. As a result, for the full year 2022, we now expect total revenues of $231.7 million to $233.7 million or approximately 21% year over year growth, 28% adjusted for constant currency. We now expect a non-GAAP operating loss of $3.2 million to $1.2 million. Lastly, we continue to expect total ARR of $202 million to $206 million or approximately 28% year over year growth, 32% adjusted for FX impact. Our full year ARR guidance remains unchanged from the prior quarter as we expect increased ARR from recent acquisitions to largely be offset by further FX headwinds, as well as higher customer demand for our migration offerings, which are not included in the ARR. In summary, the team continues to execute despite an uneven macro environment, and I'm proud of our efforts as we help organizations around the world manage digital transformation. We're excited for a strong close to 2022, and we are well positioned to continue expansion of our market opportunities in the years ahead. With that, we'll open up the call for questions. Operator? Operator: [O

Verify independently

SEC filings for AVPT · Claim quote is verbatim from the 2022Q3 earnings call.