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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 82M | 19.3% |
| Gross Profit | 68M | 14.5% |
| Cost of Revenue | 69M | 1.2% |
| Operating expense | 60M | 2% |
| Net Income | 2.6M | 120.5% |
| EBITDA | 8.4M | 643% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 463M | 8.4% |
| Total Liabilities | 247M | 12.5% |
| Total Equity | 216M | 4% |
| Shares Outstanding | 187M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 32M | 99.4% |
| Cash from investing | 1.2M | 216.6% |
| Cash from financing | -12M | 333.6% |
EPS
Financial Highlights for AvePoint in Q3 '24
AvePoint reported a revenue of 82M, which is a 19.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 68M, marking a 14.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 69M, a 1.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 60M, showing a -2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.6M, showing a 120.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 8.4M, showing a 643% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for AvePoint with growth in revenue, gross profit, and net income.
