Canada's Avante Logixx fiscal 2026 revenue rises on NSSG strength

Overview

• Canada security solutions provider's fiscal 2026 revenue rose 10.3% yr/yr to C$37.2 mln

• Adjusted EBITDA for fiscal 2026 grew 29.5%

• Growth driven by NSSG expansion and higher recurring revenue from technology-enabled services

Outlook

• Avante aims to increase recurring revenues by scaling HALO and MAST deployments in new verticals

• Company plans to improve Adjusted EBITDA margins via higher-margin services and greater operating efficiency

• Avante intends to pursue disciplined MA and expand NSSG’s international secured transportation and consulting revenue

Result Drivers

• NSSG GROWTH - NSSG division delivered 66.9% revenue growth for the year, reflecting gains in secured transportation, investigations, and consulting services

• HIGHER RECURRING REVENUE - Recurring Monthly Revenue rose 24.4% yr/yr, driven by net growth in monitoring customers and increased NSSG recurring revenue

Company press release: ID:nGNX1svn4K

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the business support services peer group is "buy"

• Wall Street's median 12-month price target for Avante Corp is C$2.25, about 30.8% above its July 21 closing price of C$1.72

Reuters Recommended Reads

• July 20 - UK's Croma Security FY revenue rises 15%, helped by acquisitions

• July 21 - UK contractor Mitie agrees to $4.2 billion takeover by PE-backed rival, shares jump

• July 21 - UK's Mitie Group Q1 revenue rises 10% on strong Business Services

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)