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.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(In thousands)
| For the Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2023 | 2022 | 2021 | |
| Operating activities | |||
| Net loss | $(21,501) | $(38,688) | $(33,245) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,687 | 3,494 | 1,238 |
| Operating lease right-of-use assets expense | 6,234 | 5,945 | — |
| Foreign currency remeasurement loss | — | 835 | 1,308 |
| Stock-based compensation | 36,048 | 37,218 | 59,508 |
| Deferred income taxes | (864) | 3,701 | (175) |
| Other | 1,068 | (607) | (755) |
| Change in value of earn-out and warrant liabilities | 11,454 | (4,402) | (21,233) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (19,448) | (14,388) | (8,243) |
| Prepaid expenses and other current assets | (2,773) | (2,108) | (5,914) |
| Deferred contract costs and other assets | (7,687) | (9,596) | (8,890) |
| Accounts payable, accrued expenses, operating lease liabilities and other liabilities | 609 | (2,553) | 10,626 |
| Deferred revenue | 26,867 | 20,375 | 10,805 |
| Net cash provided by (used in) operating activities | 34,694 | (774) | 5,030 |
| Investing activities | |||
| Maturities of investments | 2,620 | 183,554 | — |
| Purchases of investments | (3,497) | (180,969) | (916) |
| Cash paid in business combinations and asset acquisitions, net of cash acquired | — | (18,572) | — |
| Capitalization of internal-use software | (1,434) | (1,612) | — |
| Purchase of property and equipment | (2,087) | (3,853) | (2,461) |
| Investment in notes | (1,250) | — | — |
| Net cash used in investing activities | (5,648) | (21,452) | (3,377) |
| Financing activities | |||
| Proceeds from recapitalization of Apex shares, net of transaction fees of $49,990 | — | — | 441,573 |
| Redemption of redeemable convertible preferred stock | — | — | (130,925) |
| Redemption of Legacy AvePoint common stock | — | — | (106,169) |
| Purchase of common stock | (39,036) | (19,927) | (1,628) |
| Payment of net cash settlement for management options | — | — | (7,530) |
| Proceeds from stock option exercises | 5,569 | 2,818 | 5,566 |
| Proceeds from sale of common shares of subsidiary | — | — | 753 |
| Repayments of finance leases | (64) | (39) | (25) |
| Payments of debt issuance costs | (136) | — | — |
| Payments of transaction fees by Legacy AvePoint | — | — | (2,998) |
| Net cash (used in) provided by financing activities | (33,667) | (17,148) | 198,617 |
| Effect of exchange rates on cash | 595 | (1,655) | (1,165) |
| Net (decrease) increase in cash and cash equivalents | (4,026) | (41,029) | 199,105 |
| Cash and cash equivalents at beginning of period | 227,188 | 268,217 | 69,112 |
| Cash and cash equivalents at end of period | $223,162 | $227,188 | $268,217 |
| Supplemental disclosures of cash flow information | |||
| Income taxes paid | $6,112 | $3,320 | $4,037 |
| Contingent considerations in business combination | $— | $5,635 | $— |
| Common stock issued in business combination | $— | $1,517 | $— |
| Loan to certain acquiree shareholders | $— | $235 | $— |
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