2022 Q1 Form 10-Q Financial Statement

#000143774922012683 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $50.29M $38.80M
YoY Change 29.62%
Cost Of Revenue $14.63M $10.78M
YoY Change 35.74% 3.93%
Gross Profit $35.66M $28.02M
YoY Change 27.26% 25.72%
Gross Profit Margin 70.91% 72.22%
Selling, General & Admin $42.60M $29.59M
YoY Change 43.94% 12014.38%
% of Gross Profit 119.45% 105.61%
Research & Development $6.402M $4.102M
YoY Change 56.07% 41.94%
% of Gross Profit 17.95% 14.64%
Depreciation & Amortization $1.662M $258.0K
YoY Change 544.19% -4.44%
% of Gross Profit 4.66% 0.92%
Operating Expenses $49.51M $33.95M
YoY Change 45.82% 13799.21%
Operating Profit -$13.85M -$5.931M
YoY Change 133.49% -126.9%
Interest Expense $14.00K $13.00K
YoY Change 7.69% -99.77%
% of Operating Profit
Other Income/Expense, Net -$177.0K -$63.00K
YoY Change 180.95% -96.36%
Pretax Income -$10.74M -$5.981M
YoY Change 79.64% -208.7%
Income Tax $309.0K -$1.039M
% Of Pretax Income
Net Earnings -$11.67M -$5.339M
YoY Change 118.58% -204.49%
Net Earnings / Revenue -23.2% -13.76%
Basic Earnings Per Share -$0.06 -$0.14
Diluted Earnings Per Share -$0.06 -$0.14
COMMON SHARES
Basic Shares Outstanding 182.8M 100.8M
Diluted Shares Outstanding 182.8M 100.8M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $260.1M $65.82M
YoY Change 295.1% 8553.26%
Cash & Equivalents $78.76M $64.57M
Short-Term Investments $181.3M $1.256M
Other Short-Term Assets $7.575M $2.694M
YoY Change 181.18% 1098.93%
Inventory
Prepaid Expenses
Receivables $48.04M $41.37M
Other Receivables $0.00 $0.00
Total Short-Term Assets $315.7M $109.9M
YoY Change 187.27% 11052.08%
LONG-TERM ASSETS
Property, Plant & Equipment $4.457M $2.651M
YoY Change 68.13%
Goodwill $4.875M
YoY Change
Intangibles
YoY Change
Long-Term Investments $607.0K
YoY Change -99.83%
Other Assets $10.35M $40.89M
YoY Change -74.69%
Total Long-Term Assets $75.80M $49.84M
YoY Change 52.1% -85.89%
TOTAL ASSETS
Total Short-Term Assets $315.7M $109.9M
Total Long-Term Assets $75.80M $49.84M
Total Assets $391.5M $159.7M
YoY Change 145.09% -54.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.795M $1.568M
YoY Change 14.48% 25272.17%
Accrued Expenses $27.28M $17.20M
YoY Change 58.62%
Deferred Revenue $76.08M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $183.0K
YoY Change
Total Short-Term Liabilities $105.1M $84.16M
YoY Change 24.94% 9116.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.400M $56.41M
YoY Change -92.2% 328.95%
Total Long-Term Liabilities $4.400M $56.41M
YoY Change -92.2% 328.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.1M $84.16M
Total Long-Term Liabilities $4.400M $56.41M
Total Liabilities $140.4M $144.3M
YoY Change -2.67% 925.82%
SHAREHOLDERS EQUITY
Retained Earnings -$387.0M
YoY Change
Common Stock $18.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.482M
YoY Change
Treasury Stock Shares
Shareholders Equity $245.2M -$203.2M
YoY Change
Total Liabilities & Shareholders Equity $391.5M $159.7M
YoY Change 145.09% -54.89%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$11.67M -$5.339M
YoY Change 118.58% -204.49%
Depreciation, Depletion And Amortization $1.662M $258.0K
YoY Change 544.19% -4.44%
Cash From Operating Activities -$6.123M -$4.265M
YoY Change 43.56% 1013.84%
INVESTING ACTIVITIES
Capital Expenditures $969.0K $266.0K
YoY Change 264.29% 141.82%
Acquisitions $1.473M $0.00
YoY Change
Other Investing Activities -$181.5M -$534.0K
YoY Change 33883.33% -459.02%
Cash From Investing Activities -$181.5M -$534.0K
YoY Change 33883.33% -459.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $744.0K $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $287.0K $617.0K
YoY Change -53.48% -3185.0%
NET CHANGE
Cash From Operating Activities -$6.123M -$4.265M
Cash From Investing Activities -$181.5M -$534.0K
Cash From Financing Activities $287.0K $617.0K
Net Change In Cash -$189.5M -$4.547M
YoY Change 4066.55% 1841.75%
FREE CASH FLOW
Cash From Operating Activities -$6.123M -$4.265M
Capital Expenditures $969.0K $266.0K
Free Cash Flow -$7.092M -$4.531M
YoY Change 56.52% 819.23%

Facts In Submission

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IncreaseDecreaseInAccountsReceivableAndLongTermUnbilledReceivables
-9248000 USD
CY2021Q1 avpt Increase Decrease In Accounts Receivable And Long Term Unbilled Receivables
IncreaseDecreaseInAccountsReceivableAndLongTermUnbilledReceivables
-6224000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-205000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
379000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2090000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
969000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11725000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7462000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2444000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><span style="text-decoration: underline; "><i><b><span style="background-color:#ffffff;">Use of Estimates </span></b></i></span></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; text-align: justify; margin: 0pt; text-indent: 36pt;"><span style="background-color:#ffffff;">The preparation of </span><span style="background-color:#ffffff;">condensed </span><span style="background-color:#ffffff;">consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our </span><span style="background-color:#ffffff;">condensed </span><span style="background-color:#ffffff;">consolidated financial statements and accompanying notes. We base our estimates and assumptions on historical experience and on various other assumptions that we believe are reasonable under the circumstances. The amounts of assets and liabilities reported in our </span><span style="background-color:#ffffff;">condensed </span><span style="background-color:#ffffff;">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, </span><span style="background-color:#ffffff;">valuation of goodwill and other intangible assets, </span><span style="background-color:#ffffff;">income taxes and related reserves, stock-based compensation, purchase price in a business combination, and earn-out liabilities. 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 COVID-<em style="font: inherit;">19.</em></span></p>
CY2022Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-200000 USD
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
179000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6123000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4265000 USD
CY2022Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-861000 USD
CY2021Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-0 USD
CY2022Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
179890000 USD
CY2021Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
268000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1473000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-0 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
969000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
266000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-181471000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-534000 USD
CY2022Q1 avpt Proceeds From Recapitalization Issuance Costs
ProceedsFromRecapitalizationIssuanceCosts
-0 USD
CY2021Q1 avpt Proceeds From Recapitalization Issuance Costs
ProceedsFromRecapitalizationIssuanceCosts
1255000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
744000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 USD
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1036000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1126000 USD
CY2022Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2021Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
753000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
7000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
287000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
617000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2146000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-365000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-189453000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4547000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
268217000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
69112000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
78764000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
64565000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
335000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
304000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5636000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><span style="background-color:#ffffff;"><em style="font: inherit;">1.</em> Nature of Business and Organization </span></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; text-align: justify; text-indent: 36pt;"><span style="background-color:#ffffff;">On <em style="font: inherit;"> July 1, 2021, </em></span><span style="background-color:#ffffff;">p</span><span style="background-color:#ffffff;">ursuant to the terms of a Business Combination Agreement between, </span><i><span style="background-color:#ffffff;">inter alia</span></i><span style="background-color:#ffffff;">, Apex Technology Acquisition Corporation (“</span><b><i><span style="background-color:#ffffff;">Apex</span></i></b><span style="background-color:#ffffff;">”), a blank check company incorporated in Delaware on <em style="font: inherit;"> April 5, 2019, </em>and AvePoint, Inc. (“</span><b><i><span style="background-color:#ffffff;">Legacy AvePoint</span></i></b><span style="background-color:#ffffff;">”), a New Jersey corporation incorporated on <em style="font: inherit;"> July </em><em style="font: inherit;">24,</em> <em style="font: inherit;">2001</em> which was redomiciled as a Delaware corporation in <em style="font: inherit;">2006</em> and which was renamed "AvePoint Operations, Inc." in <em style="font: inherit;"> June </em><em style="font: inherit;">2021,</em> Legacy AvePoint became a wholly owned subsidiary of Apex. In connection therewith, Legacy AvePoint was renamed “AvePoint US LLC” and Apex was renamed “AvePoint, Inc.” On <em style="font: inherit;"> July 26, 2021, </em>AvePoint US LLC merged with and into AvePoint, Inc. with AvePoint, Inc. (hereinafter referred to as “</span><b><i><span style="background-color:#ffffff;">AvePoint</span></i></b><span style="background-color:#ffffff;">,” the “</span><b><i><span style="background-color:#ffffff;">Company</span></i></b><span style="background-color:#ffffff;">,” “</span><b><i><span style="background-color:#ffffff;">we</span></i></b><span style="background-color:#ffffff;">,” “</span><b><i><span style="background-color:#ffffff;">us</span></i></b><span style="background-color:#ffffff;">,” or “</span><b><i><span style="background-color:#ffffff;">our</span></i></b><span style="background-color:#ffffff;">”) surviving. See “</span><i><span style="background-color:#ffffff;">Note <em style="font: inherit;">3</em> - Business Combination</span></i><span style="background-color:#ffffff;">” (Part I, Item <em style="font: inherit;">1</em> of this Quarterly Report on Form <em style="font: inherit;">10</em>-Q) for additional information.</span></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="background-color:#ffffff;">On <em style="font: inherit;"> February 18, 2022, </em>the Company completed the acquisition of I-Access Solutions Pte. Ltd. (“</span><b><i><span style="background-color:#ffffff;">I-Access acquisition</span></i></b><span style="background-color:#ffffff;">”), a Singapore-based software company established as a leading provider of SaaS solutions for corporate learning and development, by <em style="font: inherit;">one</em> of the Company's subsidiaries, AvePoint EduTech Pte. Ltd. Refer to <span style="background-color:#ffffff">“</span><i><span style="background-color:#ffffff">Note <em style="font: inherit;">3</em> — Business Combination</span></i><span style="background-color:#ffffff">” for further details.</span></span></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="background-color:#ffffff;">We are a leading provider of enterprise collaboration and productivity software solutions. We develop, market, and sell our suite of software solutions and services, primarily in North America, Europe, Australia, and Asia. We provide our customers with high-performance infrastructure management, compliance, data governance, mobility and productivity, online services and software solutions consulting. We do this through our Confidence Platform, a SaaS platform that assists organizations who use <em style="font: inherit;">M365</em> and more than a half dozen other cloud collaboration utilities. Our Confidence Platform, built on AOS, contains our suites of software solutions: our Control Suite, for data governance enabling collaboration services at scale, with automation and repeatable business templates; our Fidelity Suite for the preservation of data integrity as organizations undergo digital transformation projects to streamline the way they work from <em style="font: inherit;">one</em> collaboration system to the next; and our Resilience Suite to help organizations comply with data governance regulations, preserve business records for compliance, and ensure business continuity.</span></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="background-color:#ffffff;">Our principal executive headquarters are located in Jersey City, New Jersey, with our operating headquarters in Richmond, Virginia and additional offices in North America, Europe, Asia, Australia and the Middle East.</span></p>
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><b><i><span style="text-decoration: underline; "><span style="background-color:#ffffff;">Comparative Data</span></span></i></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; text-align: justify; text-indent: 36pt;"><span style="background-color:#ffffff;">Certain amounts from prior periods which have been presented separately have been grouped to conform to the current period presentation, including:</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%;"> </td><td style="vertical-align: top; width: 1%;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><span style="background-color:#ffffff;">•</span></p> </td><td style="vertical-align: top; width: 0%;"> </td><td style="vertical-align: top; width: 99%;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><span style="background-color:#ffffff;">The reclassification of long-term unbilled receivables to be included in other assets on the condensed consolidated balance sheets as of <em style="font: inherit;"> December 31, 2021;</em></span><span style="background-color:#ffffff;"> and</span></p> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 3%; text-align: justify;"> </td><td style="vertical-align: top; width: 1%;"><span style="background-color:#ffffff;">•</span></td><td style="vertical-align: top; width: 0%; text-align: justify;"> </td><td style="vertical-align: top; width: 99%;"><span style="background-color:#ffffff;">The reclassification of accrued rent obligation to be included in accounts payable, accrued expenses and other liabilities on the condensed consolidated statements of cash flows for the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> March 31, 2021.</em></span></td></tr> </tbody></table>
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 USD
CY2022Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 pure
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50291000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
38800000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
84000000.0 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82300000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
30200000 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
26700000 USD
CY2022Q1 us-gaap Cash
Cash
8100000 USD
CY2021Q4 us-gaap Cash
Cash
9300000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3000000.0 USD
CY2021Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2200000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
39100000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38900000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
31943000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
61335000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82332000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38926000 USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7586000 USD
CY2021 avpt Deferred Revenue Increase Decrease
DeferredRevenueIncreaseDecrease
7644000 USD
CY2021 avpt Increase Decrease In Capitalized Contract Costs Net
IncreaseDecreaseInCapitalizedContractCostsNet
6983000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
61335000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82332000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38926000 USD
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
51897000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
83963000 USD
CY2022Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
39090000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9438000 USD
CY2022Q1 avpt Deferred Revenue Increase Decrease
DeferredRevenueIncreaseDecrease
1631000 USD
CY2022Q1 avpt Increase Decrease In Capitalized Contract Costs Net
IncreaseDecreaseInCapitalizedContractCostsNet
164000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.65 pure
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.76 pure
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
53749000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
74688000 USD
CY2022Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
8492000 USD
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
0 USD
CY2022Q1 us-gaap Goodwill
Goodwill
4875000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
453000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
384000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
340000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
340000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
340000 USD
CY2022Q1 avpt Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
1760000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3617000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
0 USD
CY2022Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4862000 USD
CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
13000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
4875000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48039000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3668000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-51000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3617000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
55067000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
805000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
838000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0288 pure
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1737 pure
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
814000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
32000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
1997000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1000000.0 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1438000 USD
CY2022Q1 avpt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
2960000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15649000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1354000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048 pure
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2867000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4080000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2422000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1882000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1878000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
13771000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3600000 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
1500000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5680000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3808000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2428000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1840000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1438000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2960000 USD
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
18154000 USD
CY2017Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
8000000.0 USD
CY2019 avpt Payments For Unconditional Purchase Commitment
PaymentsForUnconditionalPurchaseCommitment
5500000 USD
CY2020 avpt Payments For Unconditional Purchase Commitment
PaymentsForUnconditionalPurchaseCommitment
3800000 USD
CY2022Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
2900000 USD
CY2021Q3 avpt Number Of Shares Exchangeable At1250
NumberOfSharesExchangeableAt1250
1000000
CY2021Q3 avpt Number Of Shares Exchangeable At1500
NumberOfSharesExchangeableAt1500
1000000
CY2021Q3 avpt Number Of Shares Exchangeable At1750
NumberOfSharesExchangeableAt1750
1000000
CY2021Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
29600000 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
7100000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
10000000.0 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
3200000 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
182493007
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
181821767
CY2021Q3 avpt Business Combination Share Exchange Ratio
BusinessCombinationShareExchangeRatio
8.69144 pure
CY2021Q3 avpt Number Of Shares Subject To Vesting Provision
NumberOfSharesSubjectToVestingProvision
2916700
CY2022Q1 avpt Number Of Shares Subject To Vesting Provision
NumberOfSharesSubjectToVestingProvision
0
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
7500000 USD
CY2021Q1 avpt Redeemable Noncontrolling Interest Increase From Contribution By Noncontrolling Interest
RedeemableNoncontrollingInterestIncreaseFromContributionByNoncontrollingInterest
800000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
38700000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
42700000 USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
30436528
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
15711223
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
64300000 USD
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
49800000 USD
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
713810
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2700000 USD
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 USD
CY2022Q1 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
13163000 USD
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
204128000 USD
CY2021 us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
10470000 USD
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
75341000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
50291000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
38800000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-11053000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-4942000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
617000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
397000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-11670000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-5339000 USD
CY2022Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-0 USD
CY2021Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
8794000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11670000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14133000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
182833000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100773000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
182833000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100773000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
60711000

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