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AVANTE ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER HIGHLIGHTING 25% IMPROVEMENT IN RECURRING MONTHLY REVENUE
Avante Corp. achieved 11% year-over-year revenue growth and 25% improvement in Recurring Monthly ...
About this update from Avante Corp
[{"type":"text","content":"AVANTE ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER HIGHLIGHTING 25% IMPROVEMENT IN RECURRING MONTHLY REVENUE\n\n\n\n\n\n\n\n\n\n Avante Corp. achieved 11% year-over-year revenue growth and 25% improvement in Recurring Monthly Revenue in the fiscal first quarter ended June 30, 2025.\n \n\n\n\n\n\n The Company achieved Adjusted EBITDA from continuing operations of $0.36 million in the fiscal first quarter, and positive Net Income.\n \n\n\n\n\n\n The Company maintains a positive outlook for fiscal 2026, driven by 126% Year-over-year increase in NSSG revenue and healthy organic growth across its services including Avante Black, Halo, Avante Verified, and WALL-E.\n \n\n\n\n\n TORONTO, Ontario, Aug. 26, 2025 (GLOBE NEWSWIRE) --\n \n 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 months ended June 30, 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, “The first quarter of fiscal 2026 delivered solid growth, with revenue increasing 11% year-over-year and recurring monthly revenue up 25%. This performance was driven by strength across all divisions, most notably NSSG, which delivered an exceptional 126% increase in revenue as our enhanced sales processes and operational alignment continue to bear fruit. Our results reflect the continued momentum we have built since streamlining operations, integrating recent acquisitions, and focusing on our highest-margin, tech-enabled offerings. Demand for our premium security solutions remains strong, particularly in our Avante Black and Protective Services divisions, where we continue to differentiate through elite service quality and innovation. We are energized by the growth potential of our next-generation technology platforms. WALL-E & Avante Verified, which our powered by our HALO technology, continue to gain momentum, with strong engagement from institutions seeking advanced safety & security solutions. Both offerings have a healthy pipeline of opportunities, and we are focused on converting these into meaningful deployments in the coming quarters. As we progress through fiscal 2026, we remain committe...