Avante (XX) Q4 2026 earnings summary

Executive summary

• Achieved strong revenue and adjusted EBITDA growth for both Q4 and full fiscal year 2026, driven by recurring revenue and expansion in high-margin service lines.

• NSSG segment delivered 66.9% revenue growth, with consulting up 97% and secured transport up 24%.

• Innovation and technology integration, particularly through MAST and NSSG, are accelerating growth and expanding global reach.

• 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 reached $37.23 million, up 10.3% year-over-year; Q4 revenue was $10.5 million, up 12.4%.

• Adjusted EBITDA for fiscal 2026 was $2.3 million, up 30% year-over-year; Q4 adjusted EBITDA was $509K, up 77%.

• Gross profit for fiscal 2026 was $15.57 million (up 17%), with gross margin improving to 41.8% (up 250 bps); Q4 gross margin was 45.2% (up 950 bps).

• Recurring monthly revenue (RMR) for fiscal 2026 was $17.22 million, up 24.4% year-over-year; Q4 recurring revenue was $4.8 million, up 35%.

• Cash and cash equivalents at year-end were $6.2 million, up 32% from prior year.

Outlook and guidance

• Expecting continued growth in recurring revenues, gross margin, and adjusted EBITDA in fiscal 2027, driven by scaling HALO and MAST deployments and expanding NSSG internationally.

• M&A remains a priority, with both tuck-in and larger international opportunities under consideration.

• Recurring revenue growth expected to be linear with MAST deployments; traditional business projected to grow 10-15% annually.