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      "text": "28 ©AvePoint, Inc. All rights reserved. Proprietary information of AvePoint, Inc.",
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      "text": "($ in mil)\nFor the Three Months Ended September 30\n2024\n2023\nGAAP gross profit $67.6 $52.6\nStock-based compensation expense & amortization of acquired intangible assets 0.8 1.0\nNon-GAAP gross profit $68.4 $53.7\nNon-GAAP gross margin 77.0% 73.7%\nGAAP operating expenses $59.9 $52.9\nStock-based compensation expense & amortization of acquired intangible assets 9.4 8.6\nNon-GAAP operating expenses 50.5 $44.3\nNon-GAAP operating expense as % of revenue 56.9% 60.9%\nGAAP operating income (loss) $7.7 ($0.3)\nStock-based compensation expense & amortization of acquired intangible assets 10.2 9.6\nNon-GAAP operating income $17.8 $9.3\nNon-GAAP operating margin 20.1% 12.8%",
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