Avante (XX) Q4 2026 earnings summary

Executive summary

• Achieved 10.3% year-over-year revenue growth in fiscal 2026, reaching $37.2 million, with Recurring Monthly Revenue (RMR) up 24.4%.

• Adjusted EBITDA grew 30% to $2.3 million, and gross profit margin expanded to 41.8%.

• NSSG segment delivered 66.9% revenue growth, with consulting up 96.6% and secured transport up 23.9%.

• Operating cash flow improved to $3.8 million from $0.3 million year-over-year.

• Entered partnership with Target Park to deploy MAST platform across 700+ parking locations in North America.

Financial highlights

• Fiscal 2026 revenue: $37.23 million, up $3.46 million from prior year.

• Gross profit: $15.57 million, up $2.31 million; gross margin rose to 41.8% from 39.3%.

• Adjusted EBITDA: $2.28 million, up 29.5% year-over-year.

• Fourth quarter revenue: $10.50 million, up 12.4% year-over-year.

• Fourth quarter gross margin improved to 45.2% from 35.7%.

Outlook and guidance

• Management projects continued momentum in fiscal 2027, focusing on scaling HALO and MAST platforms.

• Plans to increase recurring revenues, improve Adjusted EBITDA margins, and pursue disciplined M&A.

• Debt-free balance sheet, $12 million in available credit, and positive operating cash flow support growth initiatives.