Avante FY26 adjusted EBITDA climbs 29.5% to C$2.28 million; revenue rises 10.3% to C$37.23 million

Reuters2026/07/22 10:30

By:Reuters

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Avante posted fiscal 2026 revenue of CAD 37.23 million, up 10.3% year over year.
Net loss widened to CAD 2.53 million; adjusted EBITDA rose 29.5% to CAD 2.28 million.
Recurring monthly revenue climbed 24.4% to CAD 17.22 million; fiscal 2026 gross margin improved 2.5 percentage points to 41.8%.
Fourth-quarter revenue rose 12.4% to CAD 10.5 million; net loss widened to CAD 2.72 million.
Partnered with Target Park to deploy MAST across 700+ parking locations; ended fiscal 2026 with CAD 6.22 million cash, no funded debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avante Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607220630PRIMZONEFULLFEED9765966) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Avante FY26 adjusted EBITDA climbs 29.5% to C$2.28 million; revenue rises 10.3% to C$37.23 million

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