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AVANTE ANNOUNCES ANNUAL RESULTS FOR FISCAL 2025 RESULTS WITH 35% REVENUE GROWTH AND 20% ADJUSTED EBITDA GROWTH
Avante Corp. achieved 35% year-over-year revenue growth in fiscal 2025 with Recurring Monthly Rev...
About this update from Avante Corp
[{"type":"text","content":"AVANTE ANNOUNCES ANNUAL RESULTS FOR FISCAL 2025 RESULTS WITH 35% REVENUE GROWTH AND 20% ADJUSTED EBITDA GROWTH\n\n\n\n\n\n Avante Corp. achieved 35% year-over-year revenue growth in fiscal 2025 with Recurring Monthly Revenues improving by 21%.\n \n\n\n\n The Company achieved Adjusted EBITDA from continuing operations of $1.76 million in fiscal 2025, an increase of 20% as compared to the prior fiscal year.\n \n\n\n\n The Company provides a positive outlook for fiscal 2026, driven by organic growth across its services including NSSG, Avante Black, Halo, Avante Verified, and WALL-E.\n \n\n\n\n TORONTO, Ontario, July 29, 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 fiscal 2025, representing the three and twelve months ended March 31, 2025 (all amounts in Canadian dollars thousands, unless otherwise indicated).\n \n\n Manny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, commented, “Fiscal 2025 was a year of strong financial performance and focused execution across all divisions, each of which met or exceeded our internal expectations. Revenue and Adjusted EBITDA increased by 35% and 20% year-over-year, respectively, driven by strong performance in our Protective Services and Avante Black divisions, as well as a full year of revenue contribution from NSSG. Recurring Monthly Revenue grew by 21%, driven by an increase in monitoring customers and the rollout of new recurring services across our client base. Our elite Avante Black division achieved impressive year-over-year revenue growth of 118%, and we continue to see strong demand for its specialized investigation services. Looking ahead, we are excited by the potential scale of our tech-enabled platforms. WALL-E is ramping up in production and gaining interest from clients operating in remote and high-risk environments. Meanwhile, Avante Verified is building momentum as schools and institutions seek next-generation safety solutions. As we move into Fiscal 2026, we remain focused on innovation, expanding our recurring revenue base, and delivering world-class tech-enabled security solutions globally.”\n \n\n Raj Kapoor, Avante’s Chief Financial Officer, added, “Our fiscal 2025 performance r...