BRIEF-AvePoint Reports Q1 Net Loss Of $4.9 Mln

Reuters
May 20, 2021

May 20 (Reuters) - Apex Technology Acquisition Corp

:

* APEX TECHNOLOGY ACQUISITION CORPORATION AND AVEPOINT ANNOUNCE FIRST QUARTER 2021 FINANCIAL RESULTS

* AVEPOINT, WHICH IS MERGING WITH APEX TECHNOLOGY ACQUISITION, SAYS Q1 REVENUE ROSE 19% TO $38.8 MILLION

* AVEPOINT CASH AND CASH EQUIVALENTS OF ABOUT $64.6 MILLION AS OF MARCH 31, 2021; CO REMAINS DEBT-FREE

* AVEPOINT RAISED ITS REVENUE GUIDANCE FOR FISCAL YEAR 2021 FROM $193.0 MILLION TO $194.0 MILLION

* AVEPOINT QUARTERLY NET LOSS $4.9 MILLION

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((Reuters.Briefs@thomsonreuters.com;))

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