Canada's Avante Logixx fiscal 2026 revenue rises on NSSG strength

Avante

22/07/2026 11:48

    

    Overview
  
Canada security solutions provider's fiscal 2026 revenue rose 10.3% yr/yr to C$37.2 mln
Adjusted EBITDA for fiscal 2026 grew 29.5%
Growth driven by NSSG expansion and higher recurring revenue from technology-enabled services

    

    Outlook
  
Avante aims to increase recurring revenues by scaling HALO and MAST deployments in new verticals
Company plans to improve Adjusted EBITDA margins via higher-margin services and greater operating efficiency
Avante intends to pursue disciplined M&A and expand NSSG’s international secured transportation and consulting revenue

    

    Result Drivers
  
NSSG GROWTH - NSSG division delivered 66.9% revenue growth for the year, reflecting gains in secured transportation, investigations, and consulting services
HIGHER RECURRING REVENUE - Recurring Monthly Revenue rose 24.4% yr/yr, driven by net growth in monitoring customers and increased NSSG recurring revenue

    
Company press release: ID:nGNX1svn4K

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q1 Revenue
 
C$10.50 mln
 

    

    Analyst Coverage
  
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Avante Corp is C$2.25, about 30.8% above its July 21 closing price of C$1.72

    

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July 21 - UK's Mitie Group Q1 revenue rises 10% on strong Business Services

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)