Canada's Avante Logixx Q1 revenue rises 14%, Adjusted EBITDA more than doubles

Avante

31/08/2026 11:09

Overview
Canadian security solutions firm's fiscal Q1 revenue rose 14.4% yr/yr to C$10 mln
Adjusted EBITDA more than doubled yr/yr, driven by higher revenue and margin expansion
Company's NSSG unit launched AI-powered TESEUM platform after quarter end

Outlook
Company aims to increase recurring revenues by scaling HALO deployments across new verticals
Avante plans to improve Adjusted EBITDA margins by focusing on higher-margin service lines and efficiency
Company intends to pursue M&A opportunities to expand in the security services industry

Result Drivers
DIVISIONAL GROWTH - Protective Services revenue rose 16.7% and Electronic Security revenue increased 34.1%, driving overall Q1 growth
RECURRING REVENUE - Recurring Monthly Revenue grew 6.6% yr/yr, reflecting net growth in monitoring customers and new recurring services
HIGHER MARGIN SEGMENTS - Gross margin improved to 44.9% from 37.9% yr/yr, driven by growth in HALO and NSSG segments

Company press release: ID:nGNX1JYstD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Loss
 
C$353,000
 
Q1 Adjusted EBITDA
 
C$818,000
 
Q1 Gross Margin
 
44.90%
 
Q1 Gross Profit
 
C$4.49 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$2.75, about 61.8% above its August 27 closing price of C$1.70

Reuters Recommended Reads
Aug 28 - Canada's Questor Q2 revenue drops on project delays
Aug 28 - Canada's Ionik Q2 revenue falls 8% on lower marketing optimization sales
Aug 28 - Legend Power Systems Q3 revenue falls 44% on fewer SmartGATE unit fulfillments

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)