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