2021 Q4 Form 10-Q Financial Statement

#000143774921026771 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $53.84M $53.93M $39.79M
YoY Change 16.73% 35.52%
Cost Of Revenue $14.94M $15.22M $10.26M
YoY Change 41.06% 48.42%
Gross Profit $38.89M $38.71M $29.54M
YoY Change 9.47% 31.03%
Gross Profit Margin 72.24% 71.77% 74.23%
Selling, General & Admin $42.06M $47.42M $32.30M
YoY Change -1.31% 46.8%
% of Gross Profit 108.14% 122.51% 109.35%
Research & Development $4.132M $19.65M $3.003M
YoY Change 20.12% 554.28%
% of Gross Profit 10.62% 50.76% 10.17%
Depreciation & Amortization $375.0K $300.0K $300.0K
YoY Change -64.59% 0.0%
% of Gross Profit 0.96% 0.78% 1.02%
Operating Expenses $46.57M $67.39M $35.56M
YoY Change 0.53% 89.51%
Operating Profit -$7.672M -$28.69M -$6.023M
YoY Change -28.92% 376.26%
Interest Expense $1.422M $56.00K $17.00K
YoY Change 27.53% 229.41%
% of Operating Profit
Other Income/Expense, Net $5.851M -$299.0K $65.00K
YoY Change -554.62% -560.0%
Pretax Income -$399.0K -$15.28M -$5.941M
YoY Change -96.36% 157.16%
Income Tax $7.090M -$5.521M $6.244M
% Of Pretax Income
Net Earnings -$8.050M -$10.27M -$12.19M
YoY Change -33.61% -15.68%
Net Earnings / Revenue -14.95% -19.05% -30.62%
Basic Earnings Per Share -$0.05 -$0.20
Diluted Earnings Per Share -$43.24K -$0.05 -$0.20
COMMON SHARES
Basic Shares Outstanding 181.4M 176.6M 90.81M
Diluted Shares Outstanding 176.6M 90.81M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $270.6M $262.3M $469.1K
YoY Change 136836.7% 55818.23%
Cash & Equivalents $268.2M $260.7M $46.87M
Short-Term Investments $2.411M $1.614M
Other Short-Term Assets $8.461M $13.09M $604.5K
YoY Change 1432.57% 2064.87%
Inventory
Prepaid Expenses
Receivables $55.07M $54.23M
Other Receivables $0.00 $0.00
Total Short-Term Assets $334.2M $329.6M $1.074M
YoY Change 176.86% 30603.81%
LONG-TERM ASSETS
Property, Plant & Equipment $3.922M $3.252M
YoY Change 47.28%
Goodwill $0.00
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $351.9M
YoY Change
Other Assets $11.73M $5.911M
YoY Change 42.2%
Total Long-Term Assets $54.58M $50.53M $351.9M
YoY Change 12.87% -85.64%
TOTAL ASSETS
Total Short-Term Assets $334.2M $329.6M $1.074M
Total Long-Term Assets $54.58M $50.53M $351.9M
Total Assets $388.7M $380.2M $353.0M
YoY Change 129.95% 7.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.824M $2.265M $11.83K
YoY Change 135.66% 19046.24%
Accrued Expenses $31.12M $25.60M
YoY Change
Deferred Revenue $74.29M $71.25M
YoY Change 13.94%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $136.0K
YoY Change
Total Short-Term Liabilities $111.2M $99.30M $102.2K
YoY Change 20.56% 97031.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.943M $3.947M $13.15M
YoY Change 7.79% -69.98%
Total Long-Term Liabilities $3.943M $3.947M $13.15M
YoY Change 7.79% -69.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.2M $99.30M $102.2K
Total Long-Term Liabilities $3.943M $3.947M $13.15M
Total Liabilities $133.2M $128.0M $13.25M
YoY Change -10.54% 866.18%
SHAREHOLDERS EQUITY
Retained Earnings -$375.3M -$367.2M
YoY Change 25.19%
Common Stock $18.00K $18.00K
YoY Change 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.739M $1.739M
YoY Change
Treasury Stock Shares
Shareholders Equity $250.4M $247.5M -$172.3M
YoY Change
Total Liabilities & Shareholders Equity $388.7M $380.2M $353.0M
YoY Change 129.95% 7.71%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$8.050M -$10.27M -$12.19M
YoY Change -33.61% -15.68%
Depreciation, Depletion And Amortization $375.0K $300.0K $300.0K
YoY Change -64.59% 0.0%
Cash From Operating Activities $8.995M -$2.044M -$1.494M
YoY Change -57.59% 36.83%
INVESTING ACTIVITIES
Capital Expenditures $1.010M $550.0K $140.0K
YoY Change 42.25% 292.86%
Acquisitions
YoY Change
Other Investing Activities -$1.294M $868.0K $1.353M
YoY Change 568.42% -35.87%
Cash From Investing Activities -$1.294M $868.0K $1.353M
YoY Change 568.42% -35.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.009M 195.5M 15.89M
YoY Change -97.16% 1130.11%
NET CHANGE
Cash From Operating Activities 8.995M -2.044M -1.494M
Cash From Investing Activities -1.294M 868.0K 1.353M
Cash From Financing Activities 1.009M 195.5M 15.89M
Net Change In Cash 8.710M 194.3M -140.4K
YoY Change -84.6% -138481.77%
FREE CASH FLOW
Cash From Operating Activities $8.995M -$2.044M -$1.494M
Capital Expenditures $1.010M $550.0K $140.0K
Free Cash Flow $7.985M -$2.594M -$1.634M
YoY Change -61.04% 58.77%

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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
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CY2021Q3 us-gaap Stock Issued During Period Value Acquisitions
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CY2021Q3 avpt Reclassifications Of Earn Out Rs Us To Earn Out Shares
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CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2020Q3 avpt Remeasurement Of Redemption Value Of Common Shares
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q3 avpt Stock Issued During Period Value Issued For Issuance Cost
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CY2020Q3 avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
RemeasurementOfRedemptionValueOfConvertiblePreferredStock
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CY2020Q3 avpt Equity Adjustment For Redemption Of Convertible Preferred Stock
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2020Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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avpt Reclassification Of Shared Based Awards To Temporary Equity
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avpt Remeasurement Of Redemption Value Of Common Shares
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us-gaap Stock Issued During Period Value Stock Options Exercised
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avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
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avpt Issuance Of Redeemable Noncontrolling Interest Stockholders Equity Impact
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avpt Reclassifications Of Earn Out Rs Us To Earn Out Shares
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us-gaap Treasury Stock Value Acquired Cost Method
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1739000 USD
us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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1413000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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101000 USD
CY2021Q3 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Stockholders Equity
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avpt Reclassification Of Shared Based Awards To Temporary Equity
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avpt Remeasurement Of Redemption Value Of Common Shares
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1803000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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avpt Stock Issued During Period Value Issued For Issuance Cost
StockIssuedDuringPeriodValueIssuedForIssuanceCost
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avpt Remeasurement Of Redemption Value Of Convertible Preferred Stock
RemeasurementOfRedemptionValueOfConvertiblePreferredStock
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avpt Equity Adjustment For Redemption Of Convertible Preferred Stock
EquityAdjustmentForRedemptionOfConvertiblePreferredStock
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us-gaap Profit Loss
ProfitLoss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
863000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
800000 USD
avpt Foreign Currency Remeasurement Gain Loss
ForeignCurrencyRemeasurementGainLoss
161000 USD
avpt Foreign Currency Remeasurement Gain Loss
ForeignCurrencyRemeasurementGainLoss
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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us-gaap Provision For Doubtful Accounts
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175000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Gain Loss On Disposition Of Assets
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15000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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avpt Gain Loss On Change In Contingent Liability And Warrants
GainLossOnChangeInContingentLiabilityAndWarrants
13650000 USD
avpt Gain Loss On Change In Contingent Liability And Warrants
GainLossOnChangeInContingentLiabilityAndWarrants
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avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
IncreaseDecreaseInAccountsReceivableAndLongTermUnbilledReceivables
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
300000 USD
avpt Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
0 USD
avpt Payments For Redemption Of Legacy Common Stock
PaymentsForRedemptionOfLegacyCommonStock
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avpt Payments For Transaction Fees Business Acquisition
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2998000 USD
avpt Payments For Transaction Fees Business Acquisition
PaymentsForTransactionFeesBusinessAcquisition
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us-gaap Payments For Repurchase Of Common Stock
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1631000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Increase Decrease In Contract With Customer Liability
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5377000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11131000 USD
us-gaap Payments For Proceeds From Short Term Investments
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638000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1445000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
314000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1152000 USD
avpt Proceeds From Recapitalization Gross
ProceedsFromRecapitalizationGross
491563000 USD
avpt Proceeds From Recapitalization Gross
ProceedsFromRecapitalizationGross
0 USD
avpt Proceeds From Recapitalization Issuance Costs
ProceedsFromRecapitalizationIssuanceCosts
49990000 USD
avpt Proceeds From Recapitalization Issuance Costs
ProceedsFromRecapitalizationIssuanceCosts
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us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
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us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
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avpt Payments For Redemption Of Legacy Common Stock
PaymentsForRedemptionOfLegacyCommonStock
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avpt Payment Of Net Cash Settlement For Directive Outstanding Options
PaymentOfNetCashSettlementForDirectiveOutstandingOptions
7530000 USD
avpt Payment Of Net Cash Settlement For Directive Outstanding Options
PaymentOfNetCashSettlementForDirectiveOutstandingOptions
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4555000 USD
us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Payments Of Debt Issuance Costs
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avpt Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22753000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
32000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
191592000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34707000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12162000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
260704000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46869000 USD
us-gaap Interest Paid Net
InterestPaidNet
80000 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
80000 USD
us-gaap Stock Issued1
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0 USD
us-gaap Stock Issued1
StockIssued1
2408000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
28351000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
31943000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10130000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2020 avpt Increase Decrease In Capitalized Contract Costs Net
IncreaseDecreaseInCapitalizedContractCostsNet
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CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
53749000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
31943000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
60330000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
35267000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6581000 USD
avpt Deferred Revenue Increase Decrease
DeferredRevenueIncreaseDecrease
3438000 USD
avpt Increase Decrease In Capitalized Contract Costs Net
IncreaseDecreaseInCapitalizedContractCostsNet
3324000 USD
CY2021Q3 us-gaap Revenue Remaining Performance Obligation Percentage
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0.65 pure
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><em style="font: inherit;">1.</em> Nature of Business and Organization </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Apex Technology Acquisition Corporation ("Apex") was a blank check company incorporated in Delaware on <em style="font: inherit;"> April 5, 2019. </em>Apex was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with <em style="font: inherit;">one</em> or more businesses. AvePoint, Inc. (“Legacy AvePoint”) was incorporated as a New Jersey corporation on <em style="font: inherit;"> July </em><em style="font: inherit;">24,</em> <em style="font: inherit;">2001,</em> was redomiciled as a Delaware corporation in <em style="font: inherit;">2006,</em> and changed its name to "AvePoint Operations, Inc." in <em style="font: inherit;"> June </em><em style="font: inherit;">2021.</em> On <em style="font: inherit;"> November 23, 2020, </em>Apex, along with Athena Technology Merger Sub, Inc., a Delaware corporation, and Athena Technology Merger Sub <em style="font: inherit;">2,</em> LLC, a Delaware limited liability company (collectively referred to herein as the “Apex Group”), and Legacy AvePoint entered into a Business Combination Agreement dated as of <em style="font: inherit;"> November 23, 2020 (</em>as amended on <em style="font: inherit;"> December 30, 2020, </em><em style="font: inherit;"> March 8, 2021 </em>and <em style="font: inherit;"> May 18, 2021, </em>the “Business Combination Agreement”). On <em style="font: inherit;"> July 1, 2021, </em>the parties to the Business Combination Agreement consummated the transactions contemplated thereby (the "Business Combination"), with Apex subsequently being renamed “AvePoint, Inc.” (hereinafter referred to as “AvePoint,” the “Company,” “we,” or “our”). On <em style="font: inherit;"> July 26, 2021, </em>Legacy AvePoint merged with and into the Company with the Company surviving. The Business Combination is further described in "Note <em style="font: inherit;">3</em> — Business Combination".</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">AvePoint is a leading provider of enterprise collaboration and productivity software solutions. The Company develops, markets, and sells its suite of software solutions and services, primarily in North America, Europe, Australia, and Asia. The Company provides its customers with high-performance infrastructure management, compliance, data governance, mobility and productivity, online services and software solutions consulting. Many of the Company’s software solutions share an underlying architecture and include: DocAve Software Platform, DocAve Governance Automation, AvePoint Online Services, AvePoint Compliance Guardian, AvePoint Mobility and Productivity Software for SharePoint and Dynamics CRM, as well as customized business solutions, technical support, and services.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">The Company’s headquarters are located in Jersey City, New Jersey, with additional offices in North America, Europe, Asia, Australia and the Middle East.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"/> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><i><b>Use of Estimates </b></i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the Company’s unaudited condensed consolidated financial statements and accompanying notes. The Company bases its estimates and assumptions on historical experience and on various other assumptions that it believes are reasonable under the circumstances. The amounts of assets and liabilities reported in the Company’s unaudited condensed consolidated balance sheets and the amounts of revenue and expenses reported for each of its periods presented are affected by estimates and assumptions, which are used for, but <em style="font: inherit;">not</em> limited to, the accounting for revenue recognition, allowance for doubtful accounts, deferred contract costs, income taxes and related reserves, stock-based compensation and accounting for research and development costs. Actual results and outcomes <em style="font: inherit;"> may </em>differ from management’s estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the outbreak of a novel strain of the coronavirus (“COVID-<em style="font: inherit;">19”</em>).</p> <p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p>
CY2021Q3 us-gaap Cash
Cash
8100000 USD
CY2020Q4 us-gaap Cash
Cash
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CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2500000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
7100000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3000000.0 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
8100000 USD
CY2021Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
35300000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
31900000 USD
CY2021Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
74700000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
56200000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
45600000 USD
CY2019Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
43619000 USD
CY2020Q4 avpt Cloud Service Fees Current
CloudServiceFeesCurrent
994000 USD
CY2021Q3 us-gaap Accrued Professional Fees Current
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CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
500000 USD
CY2021Q3 avpt Accrued Partner Expenses Current
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744000 USD
CY2020Q4 avpt Accrued Partner Expenses Current
AccruedPartnerExpensesCurrent
1253000 USD
CY2021Q3 us-gaap Accrued Income Taxes Current
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48000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1713000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
878000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
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CY2021Q3 avpt Business Combination Share Exchange Ratio
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8.69144 pure
CY2021Q3 avpt Number Of Shares Subject To Vesting Provision
NumberOfSharesSubjectToVestingProvision
2916700
avpt Number Of Shares Subject To Vesting Provision
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0
CY2021Q3 us-gaap Class Of Warrant Or Right Outstanding
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11.50
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us-gaap Dividends Preferred Stock
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CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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46200000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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CY2021Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2019Q4 avpt Put Option Redemption Share
PutOptionRedemptionShare
358188
CY2019Q4 avpt Put Option Underlying Option
PutOptionUnderlyingOption
592399
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LiabilityBalanceRelatedToCommonStock
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CY2020Q4 avpt Liability Balance Related To Common Stock
LiabilityBalanceRelatedToCommonStock
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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53927000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Profit Loss
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CY2021Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2020Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2021Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Diluted
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CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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80100000

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