Avante Corp V.XX

Alternate Symbol(s): ALXXF

Industrials Security & Protection Services

Avante Corp. is a provider of security operatives and technology enabled security solutions. The Company's activities are conducted through its subsidiaries, Avante Security Inc, Avante International Inc., Avante Holding Corp., The TOYBOXX Inc. and North Star Support Group S.R.L. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of advanced technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and monitoring to services such as alarm response and patrols, personal protection, house staff training, and secure transportation. It has a specialized skillset in security integration, monitoring and electronic building management. It also provides consulting and installation of automation and security solutions for the residential market. Its offerings include Rapid Alarm Response services, and Intelligent Perimeter Protection Video Analytics.

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Avante Corp

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Comment by Flyer123on Aug 18, 2020 9:02am

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Post# 31421808

RE:Citywide/ Yearend Financials

The last post takes the loss of 3.3m and adjusts for the the derivative liability gain and tax gain of 2.2m and 1.2m. That makes 6.7m. A very big, very unimpressive number for a company this small.

Yes, the loss of 3,3m includes non cash items such as depreciation, but still the opertaing cash flows on page 5 were negative 2.7m. That is 5c of operating cash losses for every $1 of revenue that came in.

MDA is unimpressive and skimpy. Why no total revenue analysis at bottom of page 7 and page 8?

Page 8 shows Logixx GP at 14.4% and Citywide at 36.3%. So they decided to sell Citywide for about 1 times annual GP. Decided, or possibly forced to sell by lenders?

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