AvePoint Q3 operating income $11.45 million
AVPT•AvePoint reported third-quarter operating income of $11.45 million, gross profit of $94.655 million and net income of $17.936 million. ARR was $495.1 million, and adjusted gross margin was 72.8%.
1. Third-quarter results
AvePoint reported third-quarter operating income of $11.45 million, gross profit of $94.655 million and operating expenses of $83.205 million. Net income was $17.936 million.
2. Margin and ARR
Adjusted gross profit was $95.4 million, adjusted gross margin was 72.8% and ARR was $495.1 million.
