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AVANTE ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER HIGHLIGHTING 25% IMPROVEMENT IN RECURRING MONTHLY REVENUE
GlobeNewswire News Room· 2025-08-26 21:01
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]
AITX's RAD Secures Landmark Logistics Win with Future Deployment Across Entire Solution Set
Newsfile· 2025-08-26 12:40
Core Insights - AITX's subsidiary RAD has secured a significant contract with a major logistics provider to deploy its comprehensive portfolio of security solutions, including ROAMEO and SARA, across multiple locations [1][5][6] Group 1: Deployment and Impact - The logistics client will implement RAD's TOM™ system at most sites, supplemented by ROAMEO™, RAD's mobile security patrol robot, and SARA™, an AI-powered monitoring platform [1][3] - This deployment is expected to generate substantial annual recurring revenue for RAD as it expands over the next 12 months [5][6] - The integration of RAD's solutions is anticipated to reduce security costs by up to 80% compared to traditional manned security services [4][6] Group 2: Industry Context and Solutions - The security and guarding services industry is valued at nearly $50 billion, and RAD's innovative solutions aim to redefine this market through a Solutions-as-a-Service model [6] - RAD's technology is designed to provide cost savings of 35%-80% compared to existing manned security models, enhancing operational efficiency [6][9] - The company has a sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future growth and recurring revenue [8][9] Group 3: Technological Integration - RAD's ecosystem includes stationary ROSA™ units for fixed oversight, portable solar-powered RIO™ towers for perimeter coverage, and AVA™ for managing vehicle and personnel entry [3][4] - SARA™ ensures coordinated communication among devices, enhancing monitoring capabilities and operational continuity [4][5] - The successful completion of SOC 2 Type 2 audit reinforces RAD's credibility with enterprise and government clients, ensuring compliance with data protection standards [7]
Allot: Q2 Results Show Accelerating Growth With Multiple Catalysts Converging
Seeking Alpha· 2025-08-21 17:08
Group 1 - The bullish thesis on Allot Ltd. has strengthened following its Q2 2025 results, indicating a successful transformation to Security as a Service (SECaaS) [1] - The company's performance reflects a significant shift in its business model towards providing security solutions [1]
AITX's Steve Reinharz Issues Op-Ed to Reuters Declaring "AI Isn't the Enemy. Standing Still Is.
Newsfile· 2025-08-21 12:40
Core Viewpoint - The op-ed by AITX's CEO Steve Reinharz emphasizes that the real threat is not artificial intelligence itself, but the failure to adapt and act in the face of its rapid advancement [1][7]. Company Insights - AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is innovating within the $50 billion security and guarding services industry by offering AI-driven Solutions-as-a-Service [8]. - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security services, utilizing both stationary and mobile robotic technologies [8]. - The company has successfully completed its SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients who prioritize data protection and security compliance [9]. - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as existing sales opportunities convert into deployed clients [10]. Industry Context - A recent Reuters/Ipsos poll indicated that 71% of Americans fear AI will lead to permanent job displacement, highlighting public concerns about the technology's impact [3]. - Reinharz argues that the success in the evolving landscape will belong to those who quickly adapt and leverage AI to enhance human capabilities rather than replace them [4][6].
Avante Announces Timing of Fiscal First Quarter Investor Webinar
GlobeNewswire News Room· 2025-08-20 21:01
Company Overview - Avante Corp Inc. is a Toronto-based provider of technology-enabled security solutions for residential and commercial clients, focusing on delivering high-level security services globally [3] - The company aims to establish a broad portfolio of security businesses through organic growth and strategic acquisitions, addressing the security risks of its clients with specialized solutions [3] Upcoming Investor Webinar - Avante will host an investor webinar on August 27, 2025, at 11:00 am ET (8:00 am PT) to provide a corporate update and discuss fiscal first quarter results [1][2] - The webinar will be led by Emmanuel Mounouchos, CEO, and Raj Kapoor, CFO of Avante [1] Contact Information - For inquiries, Avante provides contact details for Emmanuel Mounouchos and Pardeep Sangha, with phone numbers and email addresses listed for investor relations [4]
Avante Announces Timing of Fiscal First Quarter Investor Webinar
Globenewswire· 2025-08-20 21:01
Group 1 - Avante Corp Inc. will host an investor webinar on August 27, 2025, to provide a corporate update and discuss fiscal first quarter results [1][2] - The webinar will be led by Emmanuel Mounouchos, CEO, and Raj Kapoor, CFO of Avante [1] - The company aims to deliver advanced security solutions globally, focusing on high-net-worth families and corporations [3] Group 2 - Avante Corp is a Toronto-based provider of technology-enabled security solutions for residential and commercial clients [3] - The company has developed a diversified security platform leveraging advanced technology to enhance service quality [3] - Avante is pursuing organic growth and strategic acquisitions to build a broad portfolio of security businesses [3]
AITX's RAD-G Announces Security-Centric Proprietary 'ChatGPT-Like' Vision-Language Model for Security Industry Applications
Newsfile· 2025-08-19 14:07
Core Viewpoint - The company has developed a proprietary Vision-Language Model (VLM) specifically for security applications, differentiating it from existing off-the-shelf models like ChatGPT and Meta's Llama, aiming to provide greater transparency and control for security professionals [1][3][6]. Group 1: Product Development - The VLM is designed to process both visual and textual data in real-time, allowing devices to interpret and respond to security situations effectively [3][4]. - The company plans to launch the VLM by the end of the current calendar year, following nearly a year of development [3][5]. Group 2: Market Positioning - The VLM will be offered at prices comparable to major LLM service providers, with no additional costs to existing selling, general, and administrative expenses [5]. - The company aims to provide flexible licensing arrangements to security providers and enterprise clients, enhancing adaptability to evolving security needs [6][9]. Group 3: Industry Impact - The security and guarding services industry is valued at approximately $50 billion, and the company's solutions can provide cost savings of 35%-80% compared to traditional manned security [9]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue [11]. Group 4: Compliance and Credibility - The company's operations have been validated through a successful SOC 2 Type 2 audit, reinforcing its credibility with enterprise and government clients [10]. Group 5: Strategic Focus - The company remains committed to delivering advanced solutions that yield tangible results for clients and partners, positioning itself as a leader in the security technology sector [8].
Cloudastructure Reports Record Q2 Growth Driven by 267% Revenue Increase Year-over-Year; Secures $2.7M in New Contracts and Achieves Record Installation Volumes Amid Surging Demand
GlobeNewswire News Room· 2025-08-13 13:00
Core Insights - Cloudastructure reported a 267% year-over-year revenue increase for Q2 2025, totaling $1.1 million, and achieved gross margin profitability for the second consecutive quarter [10][11] - The company signed $2.69 million in total contract value over the next 12 months, marking a 274% increase year-over-year, driven by strategic wins across various sectors [4][5] - Cloudastructure's AI security platform maintained a 98% threat deterrence rate while achieving record installation volumes, indicating strong market demand [2][8] Financial Performance - Revenue for Q2 2025 was $1.1 million, a 267% increase from $0.3 million in Q2 2024, fueled by a 58% increase in the customer base [10] - Cloud video surveillance subscription revenue grew 133%, hardware sales surged 863%, and installation services revenue climbed 167% [10][17] - Gross profit for the quarter was $0.4 million, a 274% increase from $0.1 million in Q2 2024 [11] Market Expansion - The company deepened its presence in public and affordable housing by securing a four-property deployment with a Colorado-based nonprofit housing authority [5] - Cloudastructure entered the construction vertical with the launch of its Alpha™ Mobile Surveillance Trailer, aimed at preventing job site theft and vandalism [6][8] - The company completed its highest number of installations in a single month in July 2025, reflecting operational momentum [7] Innovation and Product Development - Cloudastructure's AI-powered security platform generated 5.37 million alerts and over 59,800 live audio interventions from January to June 2025 [8] - The launch of the Alpha™ mobile surveillance trailer represents a significant advancement in the company's AI capabilities, addressing the $1 billion-plus issue of construction site theft [8][9] - The company is focused on redefining modern security by providing proactive solutions that go beyond passive monitoring [9]
AITX's RAD Expands 'Bailey's Promise' to All K-12 Schools Nationwide
Newsfile· 2025-08-13 12:40
Detroit, Michigan--(Newsfile Corp. - August 13, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTCID: AITX) (the "Company"), along with its wholly owned subsidiary Robotic Assistance Devices, Inc. ("RAD"), today confirmed that Bailey's Promise is available to all public, private, faith-based, and other accredited K-12 schools across the United States. The initiative provides eligible schools with no-cost software licenses for AI firearm detection, ensuring broad access to this vital security te ...
Why Fast-paced Mover Brink's (BCO) Is a Great Choice for Value Investors
ZACKS· 2025-08-08 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Brink's (BCO) Stock Analysis - Brink's (BCO) has shown a four-week price change of 10.9%, indicating growing investor interest [3] - Over the past 12 weeks, BCO's stock gained 18.6%, with a beta of 1.46, suggesting it moves 46% more than the market [4] - BCO has a Momentum Score of B, indicating a favorable time to invest [5] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [6] - BCO is trading at a Price-to-Sales ratio of 0.87, suggesting it is undervalued at 87 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides BCO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify winning stock picks [8]