Security services provider reported higher recurring revenue and adjusted EBITDA, outlined a positive fiscal 2027 outlook and acquisition plans, and said management will discuss the results in a July 27 investor webinar.
Avante Corp. reported fiscal 2026 revenue of C$37.226 million for the year ended March 31, 2026, up 10.3% from C$33.762 million a year earlier, with recurring monthly revenue rising 24.4% to C$17.216 million and adjusted EBITDA increasing 29.5% to C$2.277 million. Gross profit rose to C$15.575 million from C$13.258 million, lifting gross margin to 41.8% from 39.3%, while operating cash flow improved to C$3.8 million from C$0.3 million. Fourth-quarter revenue increased 12.4% to C$10.503 million and adjusted EBITDA rose 77.4% to C$509,000, though net loss widened to C$2.720 million due in part to a non-cash, one-time C$1.653 million revaluation charge tied to the NSSG non-controlling interest put option liability. Avante said it enters fiscal 2027 with a debt-free balance sheet, C$6.220 million in cash, C$12 million in unused credit facilities, and plans to scale recurring technology revenue, improve margins, and pursue disciplined acquisitions. The company also said it will host an investor webinar on July 27, 2026, at 11:00 a.m. ET to discuss the fourth-quarter and year-end results.