Avante Logixx Inc. Announces Results for the Six Month Period Ended September 30, 2014

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[{"type":"text","content":"\n\nTrading symbols: TSXV – XX, OTC - ALXXF\n\n\n\nTORONTO, Nov. 6, 2014 /CNW/ - Avante Logixx Inc., (\"Avante\" the \"Company\" or the \"Group\") through its wholly owned subsidiaries, Avante Security Inc. (\"ASI\") and INTO Electronics Inc. (\"INTO\"), provides best in class residential and commercial security and automation services including system design and installation, rapid alarm response, alarm monitoring, video analytics, commercial and high-rise security integration, secure transport and electronic building management through the use of advanced technology and a focus on client service.  \n\nResults for the Six Month Period Ended September 30, 2014\n\n\n\n\n\n\n\n\nQuarter ended\n\n\nSix month period ended\n\n\n\n\n Sep 30, 2014\n\n\n Sep 30, 2013\n\n\nVariance\n\n\n Sep 30, 2014\n\n\nSep 30, 2013\n\n\nVariance\n\n\n\n\n\n\n\n\n\n\n\nTotal revenues\n\n\n$2,213,782\n\n\n$2,145,597\n\n\n3.2%\n\n\n$4,240,042\n\n\n$4,478,854\n\n\n-5.3%\n\n\n\nRevenues - Recurring Monitoring and Response1\n\n\n972,127\n\n\n775,868\n\n\n25.3%\n\n\n1,828,587\n\n\n1,537,948\n\n\n18.9%\n\n\n\nRevenues from other security services and transport\n\n\n1,241,655\n\n\n1,369,730\n\n\n-9.4%\n\n\n2,411,455\n\n\n2,940,906\n\n\n-18.0%\n\n\n\nTotal gross profit\n\n\n844,383\n\n\n817,370\n\n\n3.3%\n\n\n1,633,860\n\n\n1,748,228\n\n\n-6.5%\n\n\n\nNet income before income tax\n\n\n157,740\n\n\n308,511\n\n\n-48.9%\n\n\n365,795\n\n\n738,702\n\n\n--50.5%\n\n\n\nAdjusted EBITDA2\n\n\n257,976\n\n\n318,692\n\n\n-19.1%\n\n\n474,982\n\n\n758,590\n\n\n \n\n-37.4%\n\n \n\n\n\n\n\n\n\n\n\n\n\nBasic income per share\n\n\n0.001\n\n\n0.006\n\n\n\n0.004\n\n\n0.013\n\n\n\n\nDiluted income per share\n\n\n0.001\n\n\n0.005\n\n\n\n0.003\n\n\n0.013\n\n\n\n\n\n\n\n\n\n\n\n\nTotal common shares outstanding\n\n\n74,796,739\n\n\n55,983,843\n\n\n\n74,796,739\n\n\n55,983,843\n\n\n\n\nTotal common shares outstanding - diluted\n\n\n74,626,702\n\n\n55,983,843\n\n\n\n74,626,702\n\n\n55,983,843\n\n\n\n\nTotal assets\n\n\n$11,902,930\n\n\n$3,222,883\n\n\n\n$11,902,930\n\n\n$3,222,883\n\n\n\n\nTotal liabilities\n\n\n2,935,577\n\n\n2,294,429\n\n\n\n2,935,577\n\n\n2,294,429\n\n\n\n\n\nTotal liabilities (excluding deferred revenue)\n\n\n1,230,302\n\n\n819,345\n\n\n\n1,230,302\n\n\n819,345\n\n\n\n\n\nDeferred revenue\n\n\n1,705,275\n\n\n1,475,085\n\n\n\...

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