AvePoint, Inc. (AVPT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues:
North America	102.0	83.0
EMEA	71.6	58.3	42.4	33.7
GERMANY	30.6	23.6	17.7	15.1
SINGAPORE			15.4	10.7
Other	28.1	27.0	76.1	56.7
Total revenues	232.3	191.9	151.5	116.1
Revenue growth [+]	21.1%	26.6%	30.5%
North America	22.9%
EMEA	22.9%	37.3%	26.1%
GERMANY	29.9%	33.6%	16.9%
SINGAPORE			44.1%
Asia Pacific	16.0%	22.6%	22.0%
Cost of goods sold	65.1	52.7	40.3	36.4
Gross profit	167.2	139.2	111.2	79.7
Gross margin	72.0%	72.6%	73.4%	68.6%
Selling, general and administrative [+]	174.7	159.7	113.4	86.5
Sales and marketing	109.8	100.5	76.5	61.9
General and administrative	64.9	59.2	36.9	24.6
Research and development	30.5	31.8	12.2	11.1
EBITDA [+]	-37.6	-52.3	-14.4	-18.0
EBITDA growth	-28.1%	263.4%	-20.0%
EBITDA margin	-16.2%	-27.2%	-9.5%	-15.5%
Depreciation	2.1	1.2	1.1	1.0
EBITA	-39.7	-53.5	-15.4	-19.0
EBITA margin	-17.1%	-27.9%	-10.2%	-16.4%
Amortization of intangibles	1.4
EBIT [+]	-41.1	-53.5	-15.4	-19.0
EBIT growth	-23.2%	246.5%	-18.8%
EBIT margin	-17.7%	-27.9%	-10.2%	-16.4%
Interest income, net [+]	0.0	0.1	0.0	0.1
Interest expense	0.0
Interest income		0.1	0.0	0.1
Other income (expense), net [+]	7.5	20.6	-0.5	-0.6
Other	3.0	-0.6	-0.5	-0.6
Pre-tax income	-33.7	-32.8	-15.9	-19.6
Income taxes	5.0	0.5	1.1	0.6
Net income	-41.6	-68.1	-51.4	-127.6
Net margin	-17.9%	-35.5%	-33.9%	-109.9%

Basic EPS [+]	($0.23)	($0.48)	($0.57)	($1.72)
Growth	-52.5%	-16.1%	-66.7%
Diluted EPS [+]	($0.23)	($0.48)	($0.57)	($1.72)
Growth	-52.5%	-16.1%	-66.7%

Shares outstanding (basic) [+]	182.0	141.6	89.6	74.0
Growth	28.5%	58.0%	21.1%
Shares outstanding (diluted) [+]	182.0	141.6	89.6	74.0
Growth	28.5%	58.0%	21.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.