Avante Reports 24% Recurring Revenue Growth, 30% Adjusted EBITDA Jump in Fiscal 2026
ALXXF filed a Earnings and Guidance on light trading volume (0.1× avg).
Summary
Avante posted fiscal 2026 revenue of $37.23M, up 10.3% year-over-year, with recurring monthly revenue surging 24% to $17.22M. Adjusted EBITDA grew 30% to $2.28M, and gross margins expanded to 41.8% from 39.3%. The NSSG unit drove much of the strength, with revenue up 67%. Q4 revenue hit $10.5M with gross margins of 45.2%, a sharp improvement from 35.7% a year ago. The company generated $3.8M in operating cash flow and holds $6.2M in cash with no bank debt, plus $12M in unused credit lines. This follows the June 29 announcement of a MAST deployment deal with Target Park, reinforcing the recurring revenue pipeline. The results show accelerating profitability and cash generation, supporting management's focus on scaling technology platforms and pursuing acquisitions.
At the time of this announcement, ALXXF was trading at $0.86 on OTC in the Trade & Services sector, with a market capitalization of approximately $23M. The 52-week trading range was $0.00 to $1.77. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.