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Avante Corp V.XX

Alternate Symbol(s):  ALXXF

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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Post by Torontojayon Nov 29, 2021 7:49pm
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Post# 34178044

Q2 financials

Q2 financials The Company reported year-over-year revenue declines of 4.2% and Adjusted EBITDA declined from $1.72 million in Q2 F21 to $0.63 million during Q2 F22. However, Avante delivered growing recurring monthly revenue (“RMR”) and contractual revenue streams of $ 17.3 million during the second quarter of this year from $15.4 million in the prior year’s second quarter, representing year-over-year growth of 12.5%, and sequential growth versus Q1 of 4.3%.


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