XML 40 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Revenue $ 191,909 $ 151,533 $ 116,099
Cost of revenue:      
Cost of revenue 52,664 40,290 36,399
Gross profit 139,245 111,243 79,700
Operating expenses:      
Sales and marketing 100,512 76,545 61,901
General and administrative 59,221 36,872 24,614
Research and development 31,765 12,204 11,148
Depreciation and amortization 1,238 1,059 1,049
Total operating expenses 192,736 126,680 98,712
Loss from operations (53,491) (15,437) (19,012)
Change in earn-out shares liabilities and warrant liabilities 21,233 0 0
Interest income, net 102 41 56
Other expense, net (632) (511) (604)
Loss before income taxes (32,788) (15,907) (19,560)
Income tax expense 457 1,062 614
Net loss (33,245) (16,969) (20,174)
Net loss attributable to and accretion of redeemable noncontrolling interest (1,974) (27) 0
Net loss attributable to AvePoint, Inc. (35,219) (16,996) (20,174)
Deemed dividends on preferred stock (32,928) (34,446) (107,469)
Net loss available to common shareholders $ (68,147) $ (51,442) $ (127,643)
Loss per share:      
Basic (in dollars per share) $ (0.48) $ (0.57) $ (1.72)
Diluted (in dollars per share) $ (0.48) $ (0.57) $ (1.72)
Shares used in computing loss per share:      
Basic (in shares) 141,596 89,638 74,006
Diluted (in shares) 141,596 89,638 74,006
SaaS [Member      
Revenue:      
Revenue $ 85,580 $ 52,074 $ 27,744
Cost of revenue:      
Cost of revenue 19,039 11,050 7,500
Termed License and Support [Member]      
Revenue:      
Revenue 50,970 38,949 26,985
Cost of revenue:      
Cost of revenue 950 1,930 1,897
Service [Member]      
Revenue:      
Revenue 31,919 34,140 26,662
Cost of revenue:      
Cost of revenue 30,726 26,089 24,727
Maintenance [Member]      
Revenue:      
Revenue 21,022 23,462 29,122
Cost of revenue:      
Cost of revenue 1,949 1,221 2,275
License [Member]      
Revenue:      
Revenue $ 2,418 $ 2,908 $ 5,586