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AVANTE ANNOUNCES 21% REVENUE GROWTH AND 74% ADJUSTED EBITDA GROWTH FOR Q3 FISCAL 2025
Avante Corp. achieved 21% year-over-year revenue growth in the fiscal third quarter with Recurrin...
About this update from Avante Corp
[{"type":"text","content":"AVANTE ANNOUNCES 21% REVENUE GROWTH AND 74% ADJUSTED EBITDA GROWTH FOR Q3 FISCAL 2025Not for distribution to U.S. news wire services or for dissemination in the United States\n\n\n\n\n\n\n\n Avante Corp. achieved 21% year-over-year revenue growth in the fiscal third quarter with Recurring Monthly Revenues improving by 25%.\n \n\n\n\n The Company expects continued growth to conclude Fiscal 2025, driven by the NSSG acquisition and strong momentum across its services including Avante Black, Halo, Avante Verified, and WALL-E.\n \n\n\n\n\n\n The Company achieved Adjusted EBITDA from continuing operations of $0.77 million in fiscal Q3-2025, an increase of 74% as compared to Q3-2024.\n \n\n This quarter marks the first quarter with no reorganization expenses since the leadership transition, while ongoing backend efficiencies are expected to further strengthen the Company’s financial performance.\n \n\n\n\n TORONTO-Ontario, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (OTC: ALXXF) (“\n \n Avante\n \n ” or the “\n \n Company\n \n ”) is pleased to announce its financial results for its third fiscal quarter ended December 31, 2024 (all amounts in Canadian dollars thousands, unless otherwise indicated).\n \n\n Manny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, commented, “Our latest results reflect the transformation Avante has undergone since we streamlined operations and refocused on our core strengths. The third quarter of fiscal 2025 was another period of strong growth for Avante, with quarterly revenue increasing by 21% year-over-year and improving profitability, reflected in a 74% increase in Adjusted EBITDA. Our core business remains robust, driving a 25% increase in Recurring Monthly Revenue. With a growing portfolio of innovative security solutions, we are setting a new standard in the industry. Our proprietary Halo technology continues to expand, now installed in nearly 200 locations, with next-generation advancements like Halo-Track in testing. WALL-E is shaping the future of autonomous surveillance, offering unmatched flexibility and precision, while Avante Verified is gaining momentum as schools seek enhanced safety measures. Meanwhile, Avante Black’s elite security services now contribute over 10% of our total revenue, further solidifying...