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XX Avante News Story

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IndustrialsAdventurousMicro CapNeutral

Canada's Avante Q3 revenue rises

Overview

Canada security services firm's fiscal Q3 revenue grew 8.2% yr/yr

Recurring revenue rose 12.4% yr/yr, driven by net growth in monitoring customers

Outlook

Company expects organic growth across services in fiscal 2026

Company plans to expand core operations and accelerate technology-enabled product growth

Result Drivers

NSSG GROWTH - NSSG division achieved 20.1% yr/yr growth, driven by strong performance in investigations

AVANTE BLACK DEMAND - Avante Black grew 31.6%, reflecting rising demand for global protective services

Company press release: ID:nGNX5HJq3C

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net IncomeC$92,000
Q3 Adjusted EBITDAC$824,000
Q3 Gross Margin41.8%
Q3 Gross ProfitC$3.8 mln
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.)

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