2022 Q4 Form 10-Q Financial Statement

#000143774922027272 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $63.61M $62.74M $53.93M
YoY Change 18.15% 16.34% 35.52%
Cost Of Revenue $18.24M $16.83M $15.22M
YoY Change 22.04% 10.55% 48.42%
Gross Profit $45.37M $45.91M $38.71M
YoY Change 16.65% 18.62% 31.03%
Gross Profit Margin 71.33% 73.18% 71.77%
Selling, General & Admin $45.02M $43.57M $47.42M
YoY Change 7.04% -8.12% 46.8%
% of Gross Profit 99.23% 94.89% 122.51%
Research & Development $7.272M $8.953M $19.65M
YoY Change 75.99% -54.43% 554.28%
% of Gross Profit 16.03% 19.5% 50.76%
Depreciation & Amortization $1.239M $922.0K $300.0K
YoY Change 230.4% 207.33% 0.0%
% of Gross Profit 2.73% 2.01% 0.78%
Operating Expenses $53.42M $53.34M $67.39M
YoY Change 14.71% -20.85% 89.51%
Operating Profit -$8.048M -$7.427M -$28.69M
YoY Change 4.9% -74.11% 376.26%
Interest Expense -$90.00K $16.00K $56.00K
YoY Change -106.33% -71.43% 229.41%
% of Operating Profit
Other Income/Expense, Net $1.430M $48.00K -$299.0K
YoY Change -75.56% -116.05% -560.0%
Pretax Income -$6.708M -$6.450M -$15.28M
YoY Change 1581.2% -57.78% 157.16%
Income Tax $4.939M $336.0K -$5.521M
% Of Pretax Income
Net Earnings -$12.72M -$7.412M -$10.27M
YoY Change 58.0% -27.86% -15.68%
Net Earnings / Revenue -20.0% -11.81% -19.05%
Basic Earnings Per Share -$0.04 -$0.05
Diluted Earnings Per Share -$0.07 -$41.01K -$0.05
COMMON SHARES
Basic Shares Outstanding 186.7M 185.4M 176.6M
Diluted Shares Outstanding 180.7M 176.6M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $229.8M $219.8M $262.3M
YoY Change -15.08% -16.21% 55818.23%
Cash & Equivalents $227.2M $217.8M $260.7M
Short-Term Investments $2.620M $2.003M $1.614M
Other Short-Term Assets $10.01M $9.370M $13.09M
YoY Change 18.34% -28.4% 2064.87%
Inventory
Prepaid Expenses $7.100M
Receivables $66.47M $56.78M $54.23M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $306.3M $285.9M $329.6M
YoY Change -8.34% -13.26% 30603.81%
LONG-TERM ASSETS
Property, Plant & Equipment $21.39M $5.610M $3.252M
YoY Change 445.44% 72.51%
Goodwill $18.90M $18.19M
YoY Change
Intangibles $11.08M $11.26M
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.86M $14.58M $5.911M
YoY Change 393.12% 146.61%
Total Long-Term Assets $109.2M $108.9M $50.53M
YoY Change 100.14% 115.52% -85.64%
TOTAL ASSETS
Total Short-Term Assets $306.3M $285.9M $329.6M
Total Long-Term Assets $109.2M $108.9M $50.53M
Total Assets $415.5M $394.8M $380.2M
YoY Change 6.89% 3.86% 7.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.519M $2.017M $2.265M
YoY Change -16.72% -10.95% 19046.24%
Accrued Expenses $47.78M $39.13M $25.60M
YoY Change 53.56% 52.88%
Deferred Revenue $93.41M $78.03M $71.25M
YoY Change 25.72% 9.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $136.0K
YoY Change
Total Short-Term Liabilities $142.7M $119.2M $99.30M
YoY Change 28.36% 20.03% 97031.96%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $29.67M $5.730M $3.947M
YoY Change 652.5% 45.17% -69.98%
Total Long-Term Liabilities $29.67M $5.730M $3.947M
YoY Change 652.5% 45.17% -69.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $142.7M $119.2M $99.30M
Total Long-Term Liabilities $29.67M $5.730M $3.947M
Total Liabilities $186.4M $149.4M $128.0M
YoY Change 39.96% 16.72% 866.18%
SHAREHOLDERS EQUITY
Retained Earnings -$416.9M -$404.2M -$367.2M
YoY Change 11.09% 10.06%
Common Stock $19.00K $19.00K $18.00K
YoY Change 5.56% 5.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.67M $21.29M $1.739M
YoY Change 1145.89% 1124.44%
Treasury Stock Shares
Shareholders Equity $229.1M $232.7M $247.5M
YoY Change
Total Liabilities & Shareholders Equity $415.5M $394.8M $380.2M
YoY Change 6.89% 3.86% 7.71%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$12.72M -$7.412M -$10.27M
YoY Change 58.0% -27.86% -15.68%
Depreciation, Depletion And Amortization $1.239M $922.0K $300.0K
YoY Change 230.4% 207.33% 0.0%
Cash From Operating Activities $6.119M -$297.0K -$2.044M
YoY Change -31.97% -85.47% 36.83%
INVESTING ACTIVITIES
Capital Expenditures $433.0K $1.186M $550.0K
YoY Change -57.13% 115.64% 292.86%
Acquisitions
YoY Change
Other Investing Activities $1.365M $161.8M $868.0K
YoY Change -205.49% 18536.06% -35.87%
Cash From Investing Activities $1.365M $161.8M $868.0K
YoY Change -205.49% 18536.06% -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 612.0K -9.426M 195.5M
YoY Change -39.35% -104.82% 1130.11%
NET CHANGE
Cash From Operating Activities 6.119M -297.0K -2.044M
Cash From Investing Activities 1.365M 161.8M 868.0K
Cash From Financing Activities 612.0K -9.426M 195.5M
Net Change In Cash 8.096M 152.0M 194.3M
YoY Change -7.05% -21.75% -138481.77%
FREE CASH FLOW
Cash From Operating Activities $6.119M -$297.0K -$2.044M
Capital Expenditures $433.0K $1.186M $550.0K
Free Cash Flow $5.686M -$1.483M -$2.594M
YoY Change -28.79% -42.83% 58.77%

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<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; text-align: justify; text-indent: 36pt;">AvePoint, Inc. was incorporated as a New Jersey corporation on <em style="font: inherit;"> July 24, 2001 </em>and redomiciled as Delaware corporation in <em style="font: inherit;">2006.</em> On <em style="font: inherit;"> July 1, 2021 </em>AvePoint, Inc. (hereinafter referred to as “<i><b>AvePoint</b></i>,” the “<i><b>Company</b></i>,” “<i><b>we</b></i>,” “<i><b>us</b></i>,” or “<i><b>our</b></i>”) became a publicly traded company, as further described in “<i>Note <em style="font: inherit;">3</em> - Business Combination</i>” (Part I, Item <em style="font: inherit;">1</em> of this Quarterly Report on Form <em style="font: inherit;">10</em>-Q).</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-indent: 36pt; text-align: justify;">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 software as a service (“<i><b>SaaS</b></i>”) platform that assists organizations who use the latest cloud services like Microsoft <em style="font: inherit;">365,</em> Google, Salesforce, and more than a half dozen additional cloud collaboration utilities. Our Confidence Platform, built on AvePoint Online Services, 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.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">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.</p>
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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; ">Comparative Data</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;">Certain amounts from prior periods which have been presented separately have been grouped to conform to the current period presentation, including:</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="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> </td><td style="width: 18pt;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="width: auto;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">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>and</p> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 18pt;"> </td><td style="width: 18pt;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">•</p> </td><td style="width: auto;"> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">The payments of transaction fees to be included in proceeds from recapitalization of Apex shares on the condensed consolidated statements of cash flows for the <em style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2021.</em></p></td></tr> </tbody></table>
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
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
66315000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
86031000 usd
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>Use of Estimates </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;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our condensed 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 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, valuation of goodwill and other intangible assets, 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.</p>
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1300000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2400000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
300000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
500000 usd
CY2022Q3 us-gaap Cash
Cash
7400000 usd
CY2021Q4 us-gaap Cash
Cash
9300000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42364000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
3400000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
9600000 usd
CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
2500000 usd
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
7100000 usd
CY2022Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
42400000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
38900000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
62739000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53927000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168731000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138071000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
86000000.0 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
82300000 usd
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
65300000 usd
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
56200000 usd
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
53749000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
74688000 usd
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
31943000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4980000 usd
avpt Deferred Revenue Increase Decrease
DeferredRevenueIncreaseDecrease
3699000 usd
avpt Increase Decrease In Capitalized Contract Costs Net
IncreaseDecreaseInCapitalizedContractCostsNet
3438000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.67 pure
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.76 pure
CY2022Q3 avpt Finitelived Intangible Asset Expected Amortization After Year Four
FinitelivedIntangibleAssetExpectedAmortizationAfterYearFour
4547000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11260000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17584000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5100000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
1900000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
4900000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
0 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
19245000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1059000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
18186000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
552000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1888000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1774000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1393000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1106000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
11969000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
709000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11260000 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
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y8M12D
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1808000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
838000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
56777000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
55067000 usd
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.363 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205 pure
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1953000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
4602000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
173000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1522000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
97000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
166000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
2223000 usd
us-gaap Lease Cost
LeaseCost
6290000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
100000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6800000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1594000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
4100000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1384000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6148000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4170000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2749000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2112000 usd
CY2022Q3 avpt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3241000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19804000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2220000 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
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
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4100000 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
10000000.0 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
800000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
6600000 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
184455103
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
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
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
29700000 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
42700000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
29867309
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
18696844
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
32800000 usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
30800000 usd
CY2022Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
59800
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1216079
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4900000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
600000 usd
CY2022Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
4321000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
204128000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
10470000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
62739000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
53927000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168731000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
138071000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-6786000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
-9757000 usd
us-gaap Profit Loss
ProfitLoss
-27041000 usd
us-gaap Profit Loss
ProfitLoss
-25756000 usd
CY2022Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
626000 usd
CY2021Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
517000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1870000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1413000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-7412000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-10274000 usd
us-gaap Net Income Loss
NetIncomeLoss
-28911000 usd
us-gaap Net Income Loss
NetIncomeLoss
-27169000 usd
CY2022Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-0 usd
CY2021Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-608000 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
-0 usd
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
32928000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7412000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9666000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-28911000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-60097000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
180732000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176621000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
179563000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126738000
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
180732000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176621000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
179563000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126738000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
59262000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
57574000

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