AvePoint Sees Q3 Revenue $82M-$84M vs $82.68M Est.; Sees Q3 Non-GAAP Operating Income $11M-$12M; Sees FY24 $320.2M-$324.2M vs $318.08M Est.
Portfolio Pulse from Benzinga Newsdesk
AvePoint has provided its financial outlook for Q3 and FY24. The company expects Q3 revenue to be between $82M and $84M, slightly above the $82.68M estimate. Non-GAAP operating income for Q3 is projected to be between $11M and $12M. For FY24, AvePoint anticipates revenue between $320.2M and $324.2M, surpassing the $318.08M estimate.
August 08, 2024 | 8:48 pm
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AvePoint's Q3 and FY24 revenue projections exceed market estimates, indicating potential positive short-term impact on the stock price. The company also expects solid non-GAAP operating income for Q3.
AvePoint's revenue projections for both Q3 and FY24 exceed market estimates, which is likely to be viewed positively by investors. The expected non-GAAP operating income for Q3 also indicates strong operational performance.
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