AVANTE CORP. ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER of 2026, HIGHLIGHTING 10% INCREASE IN REVENUE AND 73% INCREASE IN ADJUSTED EBITDA WITH POSITIVE NET INCOME

Core Insights - Avante Corp. reported a 10% year-over-year revenue growth for the second quarter of fiscal 2026, driven by significant increases in its NSSG and Avante Black divisions, which grew by 47% and 48% respectively [2][4][5] - The company achieved Adjusted EBITDA of $0.58 million, marking a 73% increase compared to the same quarter in the previous fiscal year, and recorded a net income of $0.08 million, a turnaround from a net loss of $0.9 million in the prior year [4][5][7] - Avante maintains a positive outlook for fiscal 2026, anticipating organic growth across its service offerings, including Avante Black, HALO, Avante Verified, and MAST [4][5] Financial Performance - Consolidated revenue for the second quarter reached $8.88 million, up from $8.09 million in the same quarter last year, with a gross profit of $3.7 million, reflecting a 7% increase [5][7] - The recurring monthly revenues (RMR) for the second quarter were reported at $4.2 million, a 14% increase year-over-year, attributed to growth in monitoring customers and new recurring revenue services [5][7] - Operating expenses declined year-over-year, indicating effective cost-management initiatives, including the implementation of a new ERP system [2][5] Operational Highlights - The NSSG division is gaining international momentum with active projects across multiple continents, showcasing the company's expanding global footprint [2] - The rebranding of the HALO-powered ecosystem's monitoring solution from WALL-E to MAST signifies the company's commitment to innovation in security technology [2] - Avante's strong balance sheet remains debt-free, with $4.2 million in cash and $12 million in available credit facilities, providing a solid foundation for future growth [2][5]