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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
C$92,000
Q3 Adjusted EBITDA
C$824,000
Q3 Gross Margin
41.8%
Q3 Gross Profit
C$3.8 mln
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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.)