AVANTE ANNOUNCES ANNUAL RESULTS FOR FISCAL 2025 RESULTS WITH 35% REVENUE GROWTH AND 20% ADJUSTED EBITDA GROWTH

Core Insights - Avante Corp. reported strong financial performance for fiscal 2025, with revenue and Adjusted EBITDA increasing by 35% and 20% year-over-year, respectively [2][5][6] - The company achieved a significant growth in its elite Avante Black division, with a year-over-year revenue increase of 118% [2] - Recurring Monthly Revenue (RMR) grew by 21%, driven by an increase in monitoring customers and new recurring services [2][5] Annual Financial Highlights - Total revenue for fiscal 2025 reached $33,762 thousand, up from $24,950 thousand in the previous fiscal year, marking a 35% increase [6][8] - Adjusted EBITDA from continuing operations was $1,758 thousand, reflecting a 20% increase compared to $1,460 thousand in fiscal 2024 [6][8] - Gross profit increased to $13,257 thousand, with a gross profit margin of 39.3%, slightly down from 41.3% in the prior year [6][8] Quarterly Financial Highlights - In the fourth quarter of fiscal 2025, revenue was $9,347 thousand, representing a 29% increase year-over-year [9] - The fourth quarter's RMR was $3,524 thousand, up from $3,019 thousand in the same quarter of the previous year, indicating a 17% growth [9] - Total gross profit for the fourth quarter increased by $123 thousand compared to the same quarter in fiscal 2024 [9] Outlook - Management anticipates continued revenue and Adjusted EBITDA growth in fiscal 2026, focusing on organic growth across various services [7] - The company is committed to innovation and expanding its recurring revenue base while delivering tech-enabled security solutions globally [2][7]