AvePoint Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
AVPT$16.81+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except par value)
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $223,162 | $227,188 |
| Short-term investments | 3,721 | 2,620 |
| Accounts receivable, net of allowance of $926 and $725, respectively | 85,877 | 66,474 |
| Prepaid expenses and other current assets | 12,824 | 10,013 |
| Total current assets | 325,584 | 306,295 |
| Property and equipment, net | 5,118 | 5,537 |
| Goodwill | 19,156 | 18,904 |
| Intangible assets, net | 10,546 | 11,079 |
| Operating lease right-of-use assets | 13,908 | 15,855 |
| Deferred contract costs | 54,675 | 48,553 |
| Other assets | 13,595 | 9,310 |
| Total assets | $442,582 | $415,533 |
| Liabilities, mezzanine equity, and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $1,384 | $1,519 |
| Accrued expenses and other current liabilities | 53,766 | 47,784 |
| Current portion of deferred revenue | 121,515 | 93,405 |
| Total current liabilities | 176,665 | 142,708 |
| Long-term operating lease liabilities | 9,383 | 11,348 |
| Long-term portion of deferred revenue | 7,741 | 8,085 |
| Earn-out shares liabilities | 18,346 | 6,631 |
| Other liabilities | 5,603 | 3,607 |
| Total liabilities | 217,738 | 172,379 |
| Commitments and contingencies (Note 12) | ||
| Mezzanine equity | ||
| Redeemable noncontrolling interest | 6,038 | 14,007 |
| Total mezzanine equity | 6,038 | 14,007 |
| Stockholders’ equity | ||
| Common stock, $0.0001 par value; 1,000,000 shares authorized, 184,652 and 185,278 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 18 | 19 |
| Additional paid-in capital | 667,881 | 665,715 |
| Treasury stock | — | (21,666) |
| Accumulated other comprehensive income | 3,196 | 2,006 |
| Accumulated deficit | (460,496) | (416,927) |
| Noncontrolling interest | 8,207 | — |
| Total stockholders’ equity | 218,806 | 229,147 |
| Total liabilities, mezzanine equity, and stockholders’ equity | $442,582 | $415,533 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.