AVPT Stock Soars to All-Time High of $19.17 Amidst Stellar Yearly Growth

In a remarkable display of market confidence, Apex Technology Acquisition Corp. (AVPT) stock has surged to an all-time high, reaching a peak of $19.17, with InvestingPro data showing the stock trading just 1% below its 52-week high of $19.16. This milestone underscores a period of significant growth for the company, which has seen an impressive 144.69% change over the past year, accompanied by robust revenue growth of 21% and a healthy gross profit margin of 75%. Investors have rallied behind AVPT, propelling the stock to new heights as the company continues to capitalize on strategic initiatives and market opportunities. The all-time high represents a culmination of sustained upward momentum, with analysts maintaining a bullish outlook and expecting profitability this year. According to InvestingPro, there are 13 additional key insights available about AVPT’s financial health and growth prospects, including detailed analysis ahead of their upcoming earnings report on February 27.

In other recent news, data security firm AvePoint Inc. has applied for a dual listing on the Main Board of the Singapore Exchange (OTC:SPXCY) Securities Trading Limited (SGX-ST), a move aligned with its strategy to expand in the Asia-Pacific region. This development follows the company’s impressive third-quarter results, with total revenues reaching $88.8 million, a 22% increase year-over-year, and a 23% increase in Annual Recurring Revenue (ARR) to $308.9 million. The company’s SaaS revenue, accounting for 69% of total revenues, saw a remarkable 45% growth.

In light of these figures, AvePoint’s leadership has raised its full-year revenue and ARR guidance. However, no final decision has been made regarding the timing, terms, or conditions of the SGX-ST listing. The company reserves the right to withdraw its application and may opt not to proceed with the listing.

These recent developments underscore AvePoint’s consistent growth across all regions - North America, EMEA, and APAC. The company’s strategic focus on data security and governance solutions has been pivotal in its success. AvePoint is targeting GAAP profitability by 2025, with full-year revenue guidance set between $327.8 million to $329.8 million and full-year ARR guidance expected to be between $324.9 million to $326.9 million.

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