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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
Avante Corp. achieved 10% year-over-year revenue growth in fiscal second quarter ended September ...
About this update from Avante Corp
[{"type":"text","content":"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\n\n\n\n\n\n Avante Corp. achieved 10% year-over-year revenue growth in fiscal second quarter ended September 30, 2025,\n \n\n driven by 47% increase in NSSG revenue, and 48% increase in Avante Black revenue.\n \n\n\n\n\n\n The Company achieved Adjusted EBITDA from continuing operations of $0.58 million in the fiscal second quarter, an increase of 73%, and the second quarter in a row of positive Net Income.\n \n\n\n\n\n\n The Company maintains a positive outlook for fiscal 2026, with expected organic growth across its services including Avante Black, HALO, Avante Verified, and MAST.\n \n\n\n\n\n TORONTO, Ontario, Nov. 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 representing the three months ended September 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 second quarter of fiscal 2026 continued to build on the momentum we established earlier this year, with revenue increasing 10% year-over-year, driven by strong performances in both NSSG and Avante Black, with growth of 47% and 48%, respectively. These divisions represent some of our most specialized, superior niche offerings, and their continued expansion underscores the strength of our differentiated approach and the value we bring to clients in complex environments. NSSG in particular continues to gain momentum internationally, with active projects now spanning multiple continents. On the monitoring end, we advanced our HALO-powered ecosystem, including the rebranding of WALL-E to MAST (Mobile Automated Surveillance Tower). As we move into the second half of fiscal 2026, we remain focused on disciplined growth, expanding our recurring revenue base, increasing our profitability, and delivering elite, tech-enabled security solutions that set a new standard for our industry.”\n \n\n Raj Kapoor, Avante’s Chief Financial Officer, added, “I am pleased to report positive operating cash flow, Adjusted EBITDA, an...