AvePoint Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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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$16.89+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Mezzanine Equity and Stockholders’ Equity
| Redeemable · Total · Accumulated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Noncontrolling · Mezzanine · Additional · Other · Total | |||||||||||
| Interest · Equity · Common Stock · Paid-In · Treasury Stock · Accumulated · Comprehensive · Noncontrolling · Stockholders’ | |||||||||||
| Amount | Amount | Shares | Amount | Capital | Shares | Amount | Deficit | Income | Interest | Equity | |
| Balance, December 31, 2022 | $14,007 | $14,007 | 185,277,588 | $19 | $665,715 | 4,189,750 | $(21,666) | $(416,927) | $2,006 | $— | $229,147 |
| Proceeds from exercise of options | — | — | 2,840,716 | — | 5,569 | — | — | — | — | — | 5,569 |
| Common stock issued upon vesting of restricted stock units | — | — | 3,253,130 | — | — | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 36,048 | — | — | — | — | — | 36,048 |
| Accretion of redeemable noncontrolling interest | 212 | 212 | — | — | — | — | — | (212) | — | — | (212) |
| Reclassification of redeemable noncontrolling interest in MaivenPoint Pte. Ltd. (1) | (8,148) | (8,148) | — | — | — | — | — | — | — | 8,148 | 8,148 |
| Reclassification of earn-out RSUs to earn-out shares | — | — | — | — | (567) | — | — | — | — | — | (567) |
| Repurchase of common stock | — | — | (6,719,032) | — | — | 6,719,032 | (39,063) | — | — | — | (39,063) |
| Retirement of common stock | — | — | — | (1) | (38,884) | (10,908,782) | 60,729 | (21,844) | — | — | — |
| Comprehensive income (loss): | |||||||||||
| Net income (loss) | (38) | (38) | — | — | — | — | — | (21,513) | — | 50 | (21,463) |
| Unrealized gain on available-for-sale securities | — | — | — | — | — | — | — | — | 100 | — | 100 |
| Foreign currency translation adjustments | 5 | 5 | — | — | — | — | — | — | 1,090 | 9 | 1,099 |
| Balance, December 31, 2023 | $6,038 | $6,038 | 184,652,402 | $18 | $667,881 | — | $— | $(460,496) | $3,196 | $8,207 | $218,806 |
| Redeemable · Total · Accumulated | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Noncontrolling · Mezzanine · Additional · Other · Total | ||||||||||
| Interest · Equity · Common Stock · Paid-In · Treasury Stock · Accumulated · Comprehensive · Stockholders’ | ||||||||||
| Amount | Amount | Shares | Amount | Capital | Shares | Amount | Deficit | Income | Equity | |
| Balance, December 31, 2021 | $5,210 | $5,210 | 181,821,767 | $18 | $625,056 | 143,564 | $(1,739) | $(375,297) | $2,317 | $250,355 |
| Proceeds from exercise of options | — | — | 1,799,665 | — | 2,818 | — | — | — | — | 2,818 |
| Common stock issued upon vesting of restricted stock units | — | — | 1,784,993 | — | — | — | — | — | — | — |
| Common stock issued upon acquisition | — | — | 324,845 | — | 1,517 | — | — | — | — | 1,517 |
| Common stock issued for canceled officer awards | — | — | 3,592,504 | 1 | (1) | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | 37,210 | — | — | — | — | 37,210 |
| Issuance of redeemable noncontrolling interest in MaivenPoint Pte. Ltd. (1) | 5,794 | 5,794 | — | — | — | — | — | — | — | — |
| Reclassification of earn-out RSUs to earn-out shares | — | — | — | — | (885) | — | — | — | — | (885) |
| Repurchase of common stock | — | — | (4,046,186) | — | — | 4,046,186 | (19,927) | — | — | (19,927) |
| Comprehensive income (loss): | ||||||||||
| Net loss | — | — | — | — | — | — | — | (38,688) | — | (38,688) |
| Net income attributable to and accretion of redeemable noncontrolling interest | 2,942 | 2,942 | — | — | — | — | — | (2,942) | — | (2,942) |
| Foreign currency translation adjustments | 61 | 61 | — | — | — | — | — | — | (311) | (311) |
| Balance, December 31, 2022 | $14,007 | $14,007 | 185,277,588 | $19 | $665,715 | 4,189,750 | $(21,666) | $(416,927) | $2,006 | $229,147 |
| Redeemable · Share · Redeemable · Total · Accumulated | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible · Common · Based · Noncontrolling · Mezzanine · Additional · Other · Total | |||||||||||||
| Preferred Stock · Shares · Awards · Interest · Equity · Common Stock · Paid-In · Treasury · Accumulated · Comprehensive · Stockholders’ | |||||||||||||
| Shares | Amount | Amount | Amount | Amount | Amount | Shares | Amount | Capital | Stock | Deficit | Income | Equity | |
| Balance, December 31, 2020 | 42,000,592 | $183,390 | $25,074 | $1,489 | $3,061 | $213,014 | 100,068,469 | $12 | $105,159 | $— | $(299,789) | $1,791 | $(192,827) |
| Reclassification of share-based awards to mezzanine equity | — | — | — | 206 | — | 206 | — | — | (206) | — | — | — | (206) |
| Reclassification of common shares to mezzanine equity | — | — | 6,872 | — | — | 6,872 | — | — | — | — | — | — | — |
| Remeasurement of redemption value of common shares | — | — | 7,361 | — | — | 7,361 | — | — | — | — | (7,361) | — | (7,361) |
| Proceeds from exercise of options | — | — | — | — | — | — | 5,141,331 | — | 8,242 | — | — | — | 8,242 |
| Common stock issued upon vesting of restricted stock units | — | — | — | — | — | — | 170,852 | — | — | — | — | — | — |
| Stock-based compensation expense | — | — | — | — | — | — | — | — | 46,475 | — | — | — | 46,475 |
| Remeasurement of redemption value of convertible preferred stock | — | 32,928 | — | — | — | 32,928 | — | — | — | — | (32,928) | — | (32,928) |
| Issuance of redeemable noncontrolling interest in MaivenPoint Pte. Ltd. (1) | — | — | — | — | 238 | 238 | — | — | 515 | — | — | — | 515 |
| Conversion of convertible preferred stock | (42,000,592) | (216,318) | — | — | — | (216,318) | 28,500,592 | 3 | 85,390 | — | — | — | 85,393 |
| Reclassification of redeemable common shares from mezzanine to permanent equity | — | — | (39,307) | — | — | (39,307) | — | — | 39,307 | — | — | — | 39,307 |
| Reclassification of share-based awards from liabilities and mezzanine equity to permanent equity | — | — | — | (1,695) | — | (1,695) | — | — | 41,152 | — | — | — | 41,152 |
| Merger and recapitalization, net of transaction costs | — | — | — | — | — | — | 47,940,523 | 3 | 299,736 | — | — | — | 299,739 |
| Reclassification of earn-out RSUs to earn-out shares | — | — | — | — | — | — | — | — | (714) | — | — | — | (714) |
| Reclassification of Apex shares purchased prior to the Business Combination | — | — | — | — | — | — | — | — | — | (1,739) | — | — | (1,739) |
| Comprehensive income (loss): | |||||||||||||
| Net loss | — | — | — | — | — | — | — | — | — | — | (33,245) | — | (33,245) |
| Net income attributable to and accretion of redeemable noncontrolling interest | — | — | — | — | 1,974 | 1,974 | — | — | — | — | (1,974) | — | (1,974) |
| Foreign currency translation adjustments | — | — | — | — | (63) | (63) | — | — | — | — | — | 526 | 526 |
| Balance, December 31, 2021 | — | $— | $— | $— | $5,210 | $5,210 | 181,821,767 | $18 | $625,056 | $(1,739) | $(375,297) | $2,317 | $250,355 |
(1) Formerly AvePoint EduTech Pte. Ltd.
See accompanying notes.* *
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.