Core Insights - Avante Corp. reported solid growth in the first quarter of fiscal 2026, with an 11% year-over-year increase in revenue and a 25% rise in recurring monthly revenue [2][4] - The NSSG division experienced a remarkable 126% increase in revenue, attributed to improved sales processes and operational alignment [2][4] - The company maintains a positive outlook for fiscal 2026, focusing on disciplined growth and expanding its base of recurring revenues [4][7] Financial Performance - For the first quarter ended June 30, 2025, Avante achieved revenue of $8.75 million, an increase of $0.83 million from $7.91 million in the prior year [5] - The gross profit from continuing operations rose by $0.31 million, with gross profit margins stable at 38% [5] - Adjusted EBITDA from continuing operations was reported at $0.36 million, consistent with the previous year's first quarter [5][8] Recurring Monthly Revenue - The recurring monthly revenue (RMR) for the first quarter of fiscal 2026 was $4.06 million, reflecting a 25% increase compared to the same period last year [5][8] - This growth in RMR was driven by an increase in monitoring customers and the introduction of new recurring revenue services [5] Net Income and Cash Flow - Avante recorded a net income of $11 thousand for the first quarter of fiscal 2026, a significant improvement from a net loss of $128 thousand in the prior year [6] - The company achieved positive operating cash flow and remains bank-debt free, holding $4.7 million in cash and $12 million in available credit facilities [2][6] Strategic Focus - The company is committed to leveraging its next-generation technology platforms, including WALL-E and Avante Verified, to drive growth and meet the demand for advanced safety and security solutions [2][4] - Management is focused on creating efficiencies to reduce operating costs through the implementation of a new ERP system [2][4]

Core Insights - Avante Corp. reported solid growth in the first quarter of fiscal 2026, with an 11% year-over-year increase in revenue and a 25% rise in recurring monthly revenue, driven by strong performance across all divisions, particularly NSSG, which saw a remarkable 126% revenue increase [2][4][5] - The company achieved positive operating cash flow, Adjusted EBITDA of $0.36 million, and net income of $11 thousand, marking a significant turnaround from a net loss of $128 thousand in the same quarter of the previous year [6][4][5] - Avante's balance sheet remains robust, with $4.7 million in cash and no bank debt, providing flexibility for growth initiatives [2][4] Financial Performance - Revenue for the first quarter of fiscal 2026 was $8.75 million, an increase of $0.83 million from $7.91 million in the prior year [5] - Gross profit from continuing operations rose by $0.31 million, maintaining a stable gross profit margin of 38% [5][8] - Recurring monthly revenues reached $4.06 million, reflecting a 25% increase compared to the previous fiscal year [5][8] Strategic Outlook - Management maintains a positive outlook for fiscal 2026, focusing on disciplined growth and expanding recurring revenues through innovative, tech-enabled security solutions [2][4][7] - The company is committed to leveraging its NSSG footprint to enhance international revenues and ramping up its WALL-E business with new customer acquisitions [10]