AvePoint Inc. (AVPT) stock is soaring 7.76% in Friday's pre-market trading session, following the release of impressive first-quarter 2025 financial results, a positive outlook for the year, and favorable analyst actions. The data security and governance company has exceeded expectations, sparking investor enthusiasm.
AvePoint's Q1 2025 performance showcased significant improvements across key metrics. The company reported total revenue of $93.1 million, marking a 25% increase year-over-year and surpassing analysts' estimates of $88.7 million. Notably, SaaS revenue exhibited exceptional growth, jumping 34% to reach $68.9 million. Earnings per share came in at $0.02, beating the expected -$0.01 and demonstrating robust financial health.
Adding to the positive sentiment, AvePoint provided an optimistic outlook for both Q2 and full-year 2025. The company projects Q2 revenues between $95.3 million and $97.3 million, representing a year-over-year growth of 22% to 25%. For the full year, AvePoint forecasts total revenues of $397.4 million to $405.4 million, with non-GAAP operating income ranging from $61.4 million to $64.4 million. Furthermore, analyst upgrades have bolstered investor confidence, with Scotiabank raising its target price for AvePoint from $19 to $22, and Northland Securities maintaining a Buy rating on the stock.
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