Avante (XX) Q3 2026 earnings summary

Executive summary

• Achieved 8.2% year-over-year revenue growth in Q3 2026, reaching CAD 9.1 million, driven by strong performances in NSSG (20.1% growth) and Avante Black (31.6% growth) divisions.

• Recurring monthly revenue (RMR) increased 12.4% year-over-year to CAD 4.21 million in Q3 2026, reflecting expansion in monitoring customers and new subscription services.

• Positive net income for the third consecutive quarter, with CAD 92,000 in Q3 2026 versus a net loss of CAD 155,000 in Q3 2025.

• Innovation and technology, including the MAST platform and Gunshot Detection system, are key growth drivers.

• Maintains a positive outlook for fiscal 2026, focusing on organic growth and technology-enabled services.

Financial highlights

• Q3 2026 revenue: CAD 9.1 million, up from CAD 8.41 million in Q3 2025 (8.2% growth).

• Gross profit: CAD 3.8 million in Q3 2026, up 10.4% year-over-year, with gross margin stable at 41.8%.

• Adjusted EBITDA: CAD 824,000 in Q3 2026, up 7% from Q3 2025.

• Net income: CAD 92,000 in Q3 2026, compared to a net loss of CAD 155,000 in Q3 2025.

• Recurring Monthly Revenue (RMR) reached CAD 4.21 million, up 12.4% year-over-year.

Outlook and guidance

• Positive outlook for the remainder of fiscal 2026, expecting continued revenue, cash flow, and EBITDA growth.

• Adjusted EBITDA margins expected to remain in the 5%-9% range.

• Focus on scaling MAST deployments and expanding international revenue through NSSG.

• Strategic flexibility supported by CAD 5 million in cash and CAD 12 million in available credit facilities.

• Actively seeking new acquisition opportunities.