Business
Avante Logixx Inc. Announces Q1 Revenue up 13% and Gross Profit up 25%
TSX - Trading symbol - XX.V TORONTO, Aug. 28, 2012 /CNW/ - Avante Logixx Inc., through ...
About this update from Avante Corp
[{"type":"text","content":"\n\n\n\n\n\nTSX - Trading symbol - XX.V\n\n\nTORONTO, Aug. 28, 2012 /CNW/ - Avante Logixx Inc., through its primary\n operating division Avante Security Inc., provides best in class\n residential and commercial security services including system design\n and installation, rapid alarm response, alarm monitoring and secure\n transport through the use of advanced technology and a focus on client\n service. The Company is pleased announce its results for the quarter\n ended June 30, 2012:\n\n\n\n\n\n \n\n\n \n\n\nQuarter ended\n\n\n \n\n\n \n\n\nJune 30, 2012\n\n\n \n\n\nJune 30, 2011\n\n\n \n\n\nVariance (%)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nTotal revenues\n\n\n \n\n\n$1,490,918\n\n\n \n\n\n$1,322,761\n\n\n \n\n\n12.71%\n\n\n \n\n\nRevenues - Recurring Monitoring and Response1\n\n\n \n\n\n676,227\n\n\n \n\n\n651,452\n\n\n \n\n\n3.8%\n\n\n \n\n\nRevenues from other security services and transport\n\n\n \n\n\n814,691\n\n\n \n\n\n671,309\n\n\n \n\n\n21.3%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nTotal gross profit\n\n\n \n\n\n445,670\n\n\n \n\n\n357,545\n\n\n \n\n\n24.7%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAdjusted EBITDA2\n\n \n\n\n(9,082)\n\n\n \n\n\n(190,929)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet income (loss) before discontinued operations\n\n\n \n\n\n(25,140)\n\n\n \n\n\n(235,047)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet income (loss) for the period\n\n\n \n\n\n(25,140)\n\n\n \n\n\n(232,895)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nBasic and diluted income (loss) per share\n\n\n \n\n\n(0.000)\n\n\n \n\n\n(0.004)\n\n\n \n\n\n \n\n\n\n\n\nCo-CEOs Emmanuel Mounouchos and George Rossolatos announced that the\n client base of Avante Logixx Inc. continued to grow. Revenue for the\n quarter ended June 30, 2012 amounted to $1.49 million as compared to\n $1.32 million for the same quarter in the previous fiscal year...