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JERSEY CITY , N.J. , Aug. 10 , 2021 ( GLOBE NEWSWIRE ) -- AvePoint , Inc. ( NASDAQ : AVPT ) , the largest data management solutions provider for Microsoft 365 , today announced financial results for the second quarter ended June 30 , 2021 . “ In the second quarter we delivered record results , with revenue of $ 45.3 million , up 38 % year - over - year , driven by the continued growth of Microsoft Teams and strong adoption of our collaboration security technologies , ” said Dr. Tianyi Jiang ( TJ ) , CEO and Co - Founder of AvePoint . “ With the investments we are making across our go - to - market organization , including sales , customer success and channel , we aim to increase our market share of the Microsoft 365 user base , boost our customer retention rate and continue our strong growth in the SMB market via our channel partners . " Second Quarter 2021 Financial Results • Total Revenue of $ 45.3 million , up 38 % year - over - year 1 • Total ARR of $ 139.0 million as of June 30 , 2021 , up 33 % year - over - year • SaaS Revenue of $ 20.6 million , up 76 % year - over - year • GAAP Operating Loss of $ 11.2 million ; GAAP Operating Margin of ( 24.7 % ) • Non - GAAP Operating Income of $ 3.3 million ; Non - GAAP Operating Margin of 7.3 % • GAAP net loss attributable to AvePoint , Inc. of $ 11.6 million or $ 0.98 per share • Cash and Cash Equivalents of approximately $ 66.3 million as of June 30 , 2021 • Net proceeds of $ 204.5 million from business combination which closed on July 1st , subsequent to second quarter end Second Quarter 2021 Key Highlights • The AvePoint SaaS cloud platform , AvePoint Online Services , achieved FedRAMP Authorization signifying its SaaS solutions are approved for use across all United States federal agencies at the moderate impact level . The platform was also assessed against the Information Security Registered Assessors Program ( IRAP ) , which ensures compliance with information security and requirements as mandated by the Australian Government • AvePoint released its Salesforce Cloud Backup for managed service providers ( MSPs ) across 36 countries and via 58 distributor app marketplaces • APAC's leading distributor of cloud solutions and services , rhipe , now offers AvePoint solutions to its managed service provider ( MSP ) customers • Continued expansion in user base with more than 8 million cloud users Financial Outlook For the third quarter of 2021 , AvePoint currently expects : • Total revenues between $ 51.5 and $ 53.5 million • Non - GAAP operating income between $ 1.7 and $ 3.2 million For the full year ending December 31 , 2021 , AvePoint currently expects : • Total revenues between $ 192.0 and $ 196.0 million • Non - GAAP operating income between $ 4.7 and $ 7.7 million Conference Call AvePoint will host a conference call today on August 10 , 2021 to review its second quarter 2021 financial results and to discuss its financial outlook . The call is scheduled to begin at 4:30 pm Eastern Time . Investors are invited to join the webcast by visiting https://ir.avepoint.com/events . The webcast will be available live , and a replay will be available following the completion of the live broadcast for approximately 90 days . About AvePoint Collaborate with confidence . AvePoint is the largest Microsoft 365 data management solutions provider , offering a full suite of SaaS solutions to migrate , manage and protect data . More than 8 million cloud users rely on our solutions . Our SaaS solutions are also available to managed service providers via more than 100