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Avante (OTCPK:ALXX.F) Earnings Call Presentation
2026-03-03 12:00
Investor Presentation March 2026 www.avantecorp.ca TSXV:XX TSXV:XX DISCLAIMER This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward- looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", ...
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
Globenewswire· 2025-11-27 00:34
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]