AvePoint Q4 EPS Tops Estimates with 28.6% Revenue Growth to $114.7M
AvePoint reported Q4 EPS of $0.10, beating estimates by 11.1% and reversing a $0.04 loss from a year ago. Revenue rose 28.6% to $114.69 million, topping forecasts by 3.2% and driving annual recurring revenue to $416.8 million.
1. Earnings and Revenue Beat
AvePoint delivered Q4 adjusted EPS of $0.10, reversing a $0.04 loss a year earlier and exceeding the consensus estimate of $0.09 by 11.1%. Revenue for the quarter reached $114.69 million, up 28.6% year-over-year and 3.2% above forecasts.
2. Key Operational Metrics
Annual recurring revenue stood at $416.8 million, slightly above the $415.8 million average estimate. Maintenance revenue came in at $0.98 million versus the $0.77 million forecast, while services revenue reached $14.65 million, surpassing the $12.28 million consensus.
3. Stock Performance and Outlook
Shares have declined approximately 26.4% year-to-date despite consecutive earnings beats. The stock holds a Zacks Rank #4 (Sell), reflecting unfavorable estimate revisions and suggesting potential near-term underperformance.