{"success":true,"data":{"pressRelease":{"id":"94867","rtpr_id":"nGNX1svn4K","ticker":"ALXXF","exchange":"OTC","all_tickers":["ALXXF","XX"],"title":"AVANTE ANNOUNCES FISCAL 2026 FINANCIAL RESULTS WITH 24% INCREASE IN RECURRING MONTHLY REVENUE AND 30% ADJUSTED EBITDA GROWTH","author":"Globe Newswire","published_at":"2026-07-22T10:30:00.187Z","article_body":"* Avante achieved 10.3% year-over-year revenue growth in fiscal 2026, reaching\n$37.2 million, with Recurring Monthly Revenue improving by 24.4%.\n* The Company achieved Adjusted EBITDA of $2.3 million in fiscal 2026, an\nincrease of 30% as compared to the prior fiscal year, with Gross profit margin\nof 41.8%.\n* NSSG delivered revenue growth of 66.9% for the year, reflecting continued\ngrowth across its international secured transportation, investigations, and\nconsulting services, with the latter growing 96.6%.\n* Avante achieved operating cash flow of $3.8 million as compared to $0.3\nmillion in the prior fiscal year, an over 10 times improvement.\nTORONTO, Ontario, July 22, 2026 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX)\n(OTC: ALXXF), a global provider of technology-enabled security solutions and\nservices, (“Avante” or the “Company”) is pleased to announce its\nfinancial results for fiscal 2026, representing the three and twelve months\nended March 31, 2026 (all amounts in Canadian dollars thousands, unless\notherwise indicated).\n\nReaders should refer to the Company's audited consolidated financial\nstatements and MD&A in respect of its fiscal year ended March 31, 2026, for\nadditional risk factors, material accounting policies, detailed financial\ndisclosures, reconciliation of non-IFRS financial measures to the most\ndirectly comparable IFRS Accounting Standards as issued by the International\nAccounting Standards Board (“IASB”) (“IFRS”) financial measures,\nrelated party transactions, contingencies, and reporting of subsequent events.\nSuch financial statements and MD&A are incorporated by reference into this\nnews release and have been filed electronically through the System for\nElectronic Document Analysis and Retrieval (“SEDAR+”), which can be\naccessed at www.sedarplus.ca.\n\nManny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante,\ncommented, “Fiscal 2026 was a year of continued momentum for Avante, as our\nteam executed against a clear strategy of growing our suite of recurring,\ntechnology-enabled security solutions for our clients. NSSG had an outstanding\nyear, with revenue growth of 67%, a strong validation of the synergies we've\nbuilt since bringing NSSG into the Avante family. Our Protective Services and\nMonitoring & Managed Services divisions both delivered solid growth, supported\nby the continued rollout of Halo and MAST across our client base. We are\nespecially excited about our recently announced partnership with Target Park,\nwhich will see MAST deployed in their above-ground parking locations across\nCanada and the United States, a strong validation of MAST's scalability across\na diverse range of applications and a meaningful expansion of our recurring\nrevenue opportunity. We continue to believe MAST represents one of the most\nsignificant growth platforms in Avante's history. As we move into fiscal 2027,\nwe are focused on scaling our technology platforms, deepening our recurring\nrevenue base, and pursuing disciplined M&A opportunities that extend our\nfootprint in high-growth security markets globally.”\n\nRaj Kapoor, Avante’s Chief Financial Officer, added, “Fiscal 2026 reflects\nthe continued scaling of our business, with double-digit revenue growth,\nmeaningful Gross profit margin expansion, and 30% growth in Adjusted\nEBITDA((1)). Cash flow generation was a real highlight this year, with\npositive operating cash flows of $3.8 million, giving us added flexibility to\ninvest in growth. We remain bank-debt free, with $6.2 million in cash and\naccess to $12 million in unused credit facilities, positioning us well to\npursue strategic acquisitions and continue investing in our technology\nplatforms including MAST.”\n\nANNUAL FINANCIAL HIGHLIGHTS FOR FISCAL 2026 ENDED MARCH 31, 2026:\n* The Company reported revenue of $37.23 million for fiscal 2026, representing\nyear-over-year revenue growth of 10.3%, or $3.46 million, compared to $33.76\nmillion for the prior fiscal year. NSSG revenue experienced growth of 66.9%\nover the previous year including an increase in its consulting division of\n96.6% and the Company’s Secured Transport division experienced an increase\nof 23.9% in revenue compared to the previous year.\n* Avante achieved Gross profit((1)) of $15.57 million during fiscal 2026, an\nincrease of $2.31 million compared to fiscal 2025. Gross profit margins((1))\nincreased to 41.8% in fiscal 2026, compared to 39.3% in the prior fiscal year.\n* The Avante Security segment delivered Recurring Monthly Revenue\n(“RMR”)((1)) of $17.22 million during fiscal 2026, up from $13.84 million\nduring the Company's prior fiscal year, a year-over-year growth of 24.4%. This\ngrowth was driven by net growth in monitoring customers and increase in\nNSSG’s recurring revenue.\n* The Company achieved Adjusted EBITDA((1)) of $2.28 million during fiscal\n2026, compared to Adjusted EBITDA of $1.76 million for the prior fiscal year,\nrepresenting year-over-year growth of 29.5%.\nFISCAL FOURTH QUARTER FINANCIAL HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH\n31, 2026:\n* The Company reported revenue of $10.50 million during the fourth quarter of\nfiscal 2026, representing year-over-year revenue growth of 12.4%, or $1.15\nmillion, compared to $9.35 million for the prior fiscal year fourth quarter.\n* Avante achieved Gross profit((1)) of $4.74 million in the fourth quarter of\nfiscal 2026, an increase of $1.41 million compared to the same quarter in\nfiscal 2025. Gross profit margins((1)) improved to 45.2%, compared to 35.7%\nduring the prior year's fourth quarter driven by an increase in higher margin\nbusinesses NSSG, Avante Black and HALO.\n* The Company achieved Adjusted EBITDA((1)) of $0.52 million during the fourth\nquarter of fiscal 2026, compared to Adjusted EBITDA of $0.29 million for the\nprior fiscal year fourth quarter, representing year-over-year growth of 77.4%.\nFISCAL FOURTH QUARTER BUSINESS HIGHLIGHTS\n* On January 20, 2026, Avante announced a deployment agreement with a regional\npolice force in Ontario for its Gunshot Detection system, to be installed\nacross three high-crime locations. The system uses energy-signature detection\nto identify and triangulate gunfire, with each sensor covering up to 795,000\nsquare feet. The agreement includes Avante's Human-in-the-Loop monitoring\ntechnology, generating recurring revenue and creating potential for future\nexpanded technology adoption by the police force.\nEVENTS SUBSEQUENT TO MARCH 31, 2026\n* On June 29, 2026, the Company announced a partnership agreement with Target\nPark Group Inc., a commercial parking operator with more than 700 above-ground\nparking locations across Canada and the United States, to deploy Avante's MAST\nplatform as the primary security layer across its portfolio. The engagement\nincludes a forward-looking technology roadmap toward automated parking\nservices, including vehicle identification and real-time lot monitoring,\nexpanding Avante's recurring revenue opportunity.\nOUTLOOK\nManagement is pleased to provide a positive outlook for Fiscal 2027. Avante\nenters the new fiscal year with strong momentum across its core business lines\nand a growing pipeline of technology-enabled security deployments with an\nexpanding footprint for its MAST and HALO platform. With a debt-free balance\nsheet, $12 million in available credit facilities, and continued positive\noperating cash flow, the Company believes it is well positioned to fund\norganic growth initiatives while remaining opportunistic in pursuing strategic\nM&A. Management is pleased to provide the Company’s long-term financial\nobjectives:\n* Increase recurring revenues through developing and scaling HALO and MAST\ndeployments across new verticals\n* Improve consolidated Adjusted EBITDA margins, driven by an increase in\nhigher-margin service lines and greater operating efficiency\n* Take advantage of consolidation opportunities within a fragmented security\nservices industry through disciplined M&A\n* Continue to expand NSSG’s international secured transportation,\ninvestigations, and consulting revenue\nWEBINAR:\nAvante will host an investor webinar to provide a corporate update on Monday,\nJuly 27, 2026, at 11:00 am ET (8:00 am PT) to discuss its fourth quarter and\nyear-end fiscal 2026 results for the period ending March 31, 2026. The call\nwill be hosted by: Emmanuel Mounouchos, CEO, Chairman, and Founder of Avante,\nand Raj Kapoor, CFO of Avante.\n\n Webinar Registration:  https://bit.ly/XX-Q4-26-Investor-Webinar                     \n Date:                  Monday, July 27, 2026                                        \n Time:                  11:00 am ET (8:00 am PT)                                     \n Dial-in:               778-907-2071 (Vancouver local) 647-374-4685 (Toronto local)  \n Confirmation #:        819 6268 8061                                                \n\nPlease connect 5 minutes prior to the conference call to ensure time for any\nsoftware download that may be required.\n\nSUMMARY FINANCIAL RESULTS FOR FISCAL 2026 ENDED MARCH 31, 2026:\n\n                                          Three Months Ended          Year Ended                  \n $ thousands unless otherwise noted       Mar 31, 2026  Mar 31, 2025  Mar 31, 2026  Mar 31, 2025  \n INCOME STATEMENT INFORMATION:                                                                    \n Recurring Monthly Revenue ((1))          $4,756        $3,524        $17,216       $13,836       \n Revenues                                 $10,503       $9,347        $37,226       $33,762       \n Gross profit ((1))                       $4,743        $3,334        $15,575       $13,258       \n Gross profit margin ((1))                45.2%         35.7%         41.8%         39.3%         \n Adjusted EBITDA ((1))                    $509          $287          $2,277        $1,758        \n Net income (loss)                        $(2,720)      $(862)        $(2,533)      $(2,054)      \n Total comprehensive income (loss)        $(2,712)      $(913)        $(2,547)      $(2,102)      \n Average Common Shares during the period  26,648,739    26,644,479    26,648,739    26,644,479    \n\nBALANCE SHEET INFORMATION:\n\n $ thousands unless otherwise noted  Mar 31, 2026  Mar 31, 2025  \n Cash balances and cash equivalents  $6,220        $4,723        \n Total funded debt as reported       $0            $0            \n Total lease obligations             $1,175        $1,257        \n Common Shares at period end         26,648,739    26,648,739    \n\nRECONCILIATION OF ADJUSTED EBITDA\n\n                                                     Three Months Ended          Year Ended                  \n $ thousands unless otherwise noted                  Mar 31, 2026  Mar 31, 2025  Mar 31, 2026  Mar 31, 2025  \n Net income (loss)                                   $(2,720)      $(862)        $(2,533)      $(2,054)      \n Current and deferred income tax expense (recovery)  $54           $395          $79           $393          \n Interest expense                                    $79           $58           $295          $277          \n Depreciation and amortization                       $406          $421          $1,638        $1,658        \n Amortization on capitalized commissions             $3            $1            $3            $5            \n Share based payments                                $143          $42           $209          $137          \n Long-term employee benefits                         $889          $233          $932          $233          \n Reorganization and acquisition costs                $-            $-            $-            $720          \n Software cost impairment                            $-            $-            $-            $383          \n Put option liability revaluation ((2))              $1,653        $-            $1,653        $-            \n Adjusted EBITDA                                     $509          $287          $2,277        $1,758        \n\nFOOTNOTES:\n\n(1) Adjusted EBITDA, Gross profit, Gross profit margin, and Recurring Monthly\nRevenues (“RMR”) are non-IFRS financial measures that have no standardized\nmeaning under IFRS and, as a result, may not be comparable to the calculation\nof similar measures by other companies. See Non-IFRS Financial Measures below.\nReconciliations of Adjusted EBITDA and RMR to Net Income or Revenues, as\napplicable, are provided in the Company's Management Discussion & Analysis\n(“MD&A”).\n\n(2) Represents a non-cash, one-time revaluation charge on the NSSG\nnon-controlling interest put option liability recorded in the fourth quarter\nof fiscal 2026. See the notes to the Company's audited consolidated financial\nstatements for the year ended March 31, 2026.\n\nABOUT AVANTE CORP.:\n\nAvante Corp. is a Toronto-based leading provider of security personnel and\ntechnology-enabled security solutions for residential and commercial clients.\nAvante’s mission is to deliver an elevated level of security globally, with\na white-glove approach for high-net-worth families and corporations alike,\nthrough advanced solutions and methods for detecting conditions requiring\nimmediate response. The Company has developed a diversified security platform\nthat leverages cutting-edge technology to deliver superior security services.\nWith an experienced team and a proven track record of solid growth, Avante is\ntaking steps to build a broad portfolio of security businesses and solutions\nfor its customers through organic growth complemented by strategic\nacquisitions. Avante acquires, manages, and develops industry-leading\ncompanies that provide specialized, mission-critical solutions to address the\nsecurity risks faced by its clients. Avante is listed on the TSX Venture\nExchange under the ticker “XX”. For more information, please visit\nwww.avantecorp.ca and consider joining our investor email list.\nEmmanuel Mounouchos\nFounder, CEO & Board Chair, Avante Corp.\n416-923-6984\nmanny@avantesecurity.com\n\nThis news release shall not constitute an offer to sell or the solicitation of\nan offer to buy nor shall there be any sale of the securities described herein\nin any jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such jurisdiction. This news release does not constitute an offer of\nsecurities for sale in the United States. The securities described herein have\nnot been, nor will they be, registered under the United States Securities Act\nof 1933, as amended, and such securities may not be offered or sold within the\nUnited States absent registration under U.S. federal and state securities laws\nor an applicable exemption from such U.S. registration requirements.\n\nNon-IFRS Financial Measures\n\nThis press release includes certain measures which have not been prepared in\naccordance with IFRS Accounting Standards as issued by the International\nAccounting Standards Board (“IASB”) (collectively, “IFRS”) such as\nEBITDA, Adjusted EBITDA and Recurring Monthly Revenue (“RMR”). These\nnon-IFRS measures are not recognized under IFRS and do not have a standardized\nmeaning prescribed by IFRS. Accordingly, users are cautioned that these\nmeasures should not be construed as alternatives to net income determined in\naccordance with IFRS. The non-IFRS measures presented are unlikely to be\ncomparable to similar measures presented by other issuers.\n\nReferences to EBITDA are to net income before interest, taxes, depreciation\nand amortization. References to Adjusted EBITDA are to net income before\ninterest, taxes, depreciation, amortization of intangibles & capitalized\ncommissions, share-based payments, acquisition, integration and/or\nreorganization costs, deferred financing costs, loss (gain) in fair value of\nderivative liability, and income or expense resulting from fair value\nadjustments recognized under IFRS. Recurring Monthly Revenues, or RMR,\nrepresent revenue during the fiscal period that benefited from contractual\nperiodic billing to customers, typically monthly, quarterly or annually.\n\nManagement believes that Adjusted EBITDA and Recurring Monthly Revenues are\nappropriate additional measures for evaluating Avante's performance. Readers\nare cautioned that neither EBITDA, Adjusted EBITDA nor Recurring Monthly\nRevenues should be construed as an alternative to net income or revenues (as\nsuch financial measures are determined under IFRS), as an indicator of\nfinancial performance or to cash flow from operating activities (as determined\nunder IFRS) or as a measure of liquidity and cash flow. Avante's method of\ncalculating EBITDA, Adjusted EBITDA and Recurring Monthly Revenues may differ\nfrom methods used by other issuers and, accordingly, Avante's reported\nNon-IFRS measures may not be comparable to similar measures used by other\nissuers.\n\nForward-Looking Information\n\nThis news release may contain forward-looking statements (within the meaning\nof applicable securities laws) relating to the business of the Company and the\nenvironment in which it operates. Forward-looking statements are identified by\nwords such as \"believe\", \"anticipate\", \"project\", \"expect\", \"intend\", \"plan\",\n\"will\", \"may\" \"estimate\", \"pro-forma\" and other similar expressions. These\nstatements are based on the Company's expectations, estimates, forecasts and\nprojections. The forward-looking statements in this news release are based on\ncertain assumptions. They are not guarantees of future performance and involve\nrisks and uncertainties that are difficult to control or predict. A number of\nfactors could cause actual results to differ materially from the results\ndiscussed in the forward-looking statements, including, but not limited to,\nthe Company's ability to achieve its stated long-term financial objectives and\nfiscal 2027 outlook; the Company's ability to achieve anticipated growth from\nacquisitions, new service offerings and from development and deployment of new\ntechnologies; the Company's ability to successfully deploy MAST units across\napplicable Target Park locations and achieve the anticipated operational,\ncommercial, and technological outcomes contemplated by that partnership\nagreement; the Company's ability to expand its Gunshot Detection deployment\nwith its Ontario police force customer into additional technologies and\nservices; and the list of risk factors identified in the Company's Management\nDiscussion & Analysis (MD&A), Annual Information Form (AIF) and other\ncontinuous disclosure documents available at www.sedarplus.ca. There can be no\nassurance that forward-looking statements will prove to be accurate as actual\noutcomes and results may differ materially from those expressed in these\nforward-looking statements. Readers, therefore, should not place undue\nreliance on any such forward-looking statements. Further, these\nforward-looking statements are made as of the date of this news release and,\nexcept as expressly required by applicable law, the Company assumes no\nobligation to publicly update any such statement, whether as a result of new\ninformation, future events or otherwise.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fc8adf1a-adcc-4c37-9c04-ed4d1a334dd4)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1svn4K","title":"AVANTE ANNOUNCES FISCAL 2026 FINANCIAL RESULTS WITH 24% INCREASE IN RECURRING MONTHLY REVENUE AND 30% ADJUSTED EBITDA GROWTH","author":"Globe Newswire","ticker":"ALXXF","created":"2026-07-22T10:30:00.187Z","tickers":["ALXXF","XX"],"exchange":"OTC","article_body":"* Avante achieved 10.3% year-over-year revenue growth in fiscal 2026, reaching\n$37.2 million, with Recurring Monthly Revenue improving by 24.4%.\n* The Company achieved Adjusted EBITDA of $2.3 million in fiscal 2026, an\nincrease of 30% as compared to the prior fiscal year, with Gross profit margin\nof 41.8%.\n* NSSG delivered revenue growth of 66.9% for the year, reflecting continued\ngrowth across its international secured transportation, investigations, and\nconsulting services, with the latter growing 96.6%.\n* Avante achieved operating cash flow of $3.8 million as compared to $0.3\nmillion in the prior fiscal year, an over 10 times improvement.\nTORONTO, Ontario, July 22, 2026 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX)\n(OTC: ALXXF), a global provider of technology-enabled security solutions and\nservices, (“Avante” or the “Company”) is pleased to announce its\nfinancial results for fiscal 2026, representing the three and twelve months\nended March 31, 2026 (all amounts in Canadian dollars thousands, unless\notherwise indicated).\n\nReaders should refer to the Company's audited consolidated financial\nstatements and MD&A in respect of its fiscal year ended March 31, 2026, for\nadditional risk factors, material accounting policies, detailed financial\ndisclosures, reconciliation of non-IFRS financial measures to the most\ndirectly comparable IFRS Accounting Standards as issued by the International\nAccounting Standards Board (“IASB”) (“IFRS”) financial measures,\nrelated party transactions, contingencies, and reporting of subsequent events.\nSuch financial statements and MD&A are incorporated by reference into this\nnews release and have been filed electronically through the System for\nElectronic Document Analysis and Retrieval (“SEDAR+”), which can be\naccessed at www.sedarplus.ca.\n\nManny Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante,\ncommented, “Fiscal 2026 was a year of continued momentum for Avante, as our\nteam executed against a clear strategy of growing our suite of recurring,\ntechnology-enabled security solutions for our clients. NSSG had an outstanding\nyear, with revenue growth of 67%, a strong validation of the synergies we've\nbuilt since bringing NSSG into the Avante family. Our Protective Services and\nMonitoring & Managed Services divisions both delivered solid growth, supported\nby the continued rollout of Halo and MAST across our client base. We are\nespecially excited about our recently announced partnership with Target Park,\nwhich will see MAST deployed in their above-ground parking locations across\nCanada and the United States, a strong validation of MAST's scalability across\na diverse range of applications and a meaningful expansion of our recurring\nrevenue opportunity. We continue to believe MAST represents one of the most\nsignificant growth platforms in Avante's history. As we move into fiscal 2027,\nwe are focused on scaling our technology platforms, deepening our recurring\nrevenue base, and pursuing disciplined M&A opportunities that extend our\nfootprint in high-growth security markets globally.”\n\nRaj Kapoor, Avante’s Chief Financial Officer, added, “Fiscal 2026 reflects\nthe continued scaling of our business, with double-digit revenue growth,\nmeaningful Gross profit margin expansion, and 30% growth in Adjusted\nEBITDA((1)). Cash flow generation was a real highlight this year, with\npositive operating cash flows of $3.8 million, giving us added flexibility to\ninvest in growth. We remain bank-debt free, with $6.2 million in cash and\naccess to $12 million in unused credit facilities, positioning us well to\npursue strategic acquisitions and continue investing in our technology\nplatforms including MAST.”\n\nANNUAL FINANCIAL HIGHLIGHTS FOR FISCAL 2026 ENDED MARCH 31, 2026:\n* The Company reported revenue of $37.23 million for fiscal 2026, representing\nyear-over-year revenue growth of 10.3%, or $3.46 million, compared to $33.76\nmillion for the prior fiscal year. NSSG revenue experienced growth of 66.9%\nover the previous year including an increase in its consulting division of\n96.6% and the Company’s Secured Transport division experienced an increase\nof 23.9% in revenue compared to the previous year.\n* Avante achieved Gross profit((1)) of $15.57 million during fiscal 2026, an\nincrease of $2.31 million compared to fiscal 2025. Gross profit margins((1))\nincreased to 41.8% in fiscal 2026, compared to 39.3% in the prior fiscal year.\n* The Avante Security segment delivered Recurring Monthly Revenue\n(“RMR”)((1)) of $17.22 million during fiscal 2026, up from $13.84 million\nduring the Company's prior fiscal year, a year-over-year growth of 24.4%. This\ngrowth was driven by net growth in monitoring customers and increase in\nNSSG’s recurring revenue.\n* The Company achieved Adjusted EBITDA((1)) of $2.28 million during fiscal\n2026, compared to Adjusted EBITDA of $1.76 million for the prior fiscal year,\nrepresenting year-over-year growth of 29.5%.\nFISCAL FOURTH QUARTER FINANCIAL HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH\n31, 2026:\n* The Company reported revenue of $10.50 million during the fourth quarter of\nfiscal 2026, representing year-over-year revenue growth of 12.4%, or $1.15\nmillion, compared to $9.35 million for the prior fiscal year fourth quarter.\n* Avante achieved Gross profit((1)) of $4.74 million in the fourth quarter of\nfiscal 2026, an increase of $1.41 million compared to the same quarter in\nfiscal 2025. Gross profit margins((1)) improved to 45.2%, compared to 35.7%\nduring the prior year's fourth quarter driven by an increase in higher margin\nbusinesses NSSG, Avante Black and HALO.\n* The Company achieved Adjusted EBITDA((1)) of $0.52 million during the fourth\nquarter of fiscal 2026, compared to Adjusted EBITDA of $0.29 million for the\nprior fiscal year fourth quarter, representing year-over-year growth of 77.4%.\nFISCAL FOURTH QUARTER BUSINESS HIGHLIGHTS\n* On January 20, 2026, Avante announced a deployment agreement with a regional\npolice force in Ontario for its Gunshot Detection system, to be installed\nacross three high-crime locations. The system uses energy-signature detection\nto identify and triangulate gunfire, with each sensor covering up to 795,000\nsquare feet. The agreement includes Avante's Human-in-the-Loop monitoring\ntechnology, generating recurring revenue and creating potential for future\nexpanded technology adoption by the police force.\nEVENTS SUBSEQUENT TO MARCH 31, 2026\n* On June 29, 2026, the Company announced a partnership agreement with Target\nPark Group Inc., a commercial parking operator with more than 700 above-ground\nparking locations across Canada and the United States, to deploy Avante's MAST\nplatform as the primary security layer across its portfolio. The engagement\nincludes a forward-looking technology roadmap toward automated parking\nservices, including vehicle identification and real-time lot monitoring,\nexpanding Avante's recurring revenue opportunity.\nOUTLOOK\nManagement is pleased to provide a positive outlook for Fiscal 2027. Avante\nenters the new fiscal year with strong momentum across its core business lines\nand a growing pipeline of technology-enabled security deployments with an\nexpanding footprint for its MAST and HALO platform. With a debt-free balance\nsheet, $12 million in available credit facilities, and continued positive\noperating cash flow, the Company believes it is well positioned to fund\norganic growth initiatives while remaining opportunistic in pursuing strategic\nM&A. Management is pleased to provide the Company’s long-term financial\nobjectives:\n* Increase recurring revenues through developing and scaling HALO and MAST\ndeployments across new verticals\n* Improve consolidated Adjusted EBITDA margins, driven by an increase in\nhigher-margin service lines and greater operating efficiency\n* Take advantage of consolidation opportunities within a fragmented security\nservices industry through disciplined M&A\n* Continue to expand NSSG’s international secured transportation,\ninvestigations, and consulting revenue\nWEBINAR:\nAvante will host an investor webinar to provide a corporate update on Monday,\nJuly 27, 2026, at 11:00 am ET (8:00 am PT) to discuss its fourth quarter and\nyear-end fiscal 2026 results for the period ending March 31, 2026. The call\nwill be hosted by: Emmanuel Mounouchos, CEO, Chairman, and Founder of Avante,\nand Raj Kapoor, CFO of Avante.\n\n Webinar Registration:  https://bit.ly/XX-Q4-26-Investor-Webinar                     \n Date:                  Monday, July 27, 2026                                        \n Time:                  11:00 am ET (8:00 am PT)                                     \n Dial-in:               778-907-2071 (Vancouver local) 647-374-4685 (Toronto local)  \n Confirmation #:        819 6268 8061                                                \n\nPlease connect 5 minutes prior to the conference call to ensure time for any\nsoftware download that may be required.\n\nSUMMARY FINANCIAL RESULTS FOR FISCAL 2026 ENDED MARCH 31, 2026:\n\n                                          Three Months Ended          Year Ended                  \n $ thousands unless otherwise noted       Mar 31, 2026  Mar 31, 2025  Mar 31, 2026  Mar 31, 2025  \n INCOME STATEMENT INFORMATION:                                                                    \n Recurring Monthly Revenue ((1))          $4,756        $3,524        $17,216       $13,836       \n Revenues                                 $10,503       $9,347        $37,226       $33,762       \n Gross profit ((1))                       $4,743        $3,334        $15,575       $13,258       \n Gross profit margin ((1))                45.2%         35.7%         41.8%         39.3%         \n Adjusted EBITDA ((1))                    $509          $287          $2,277        $1,758        \n Net income (loss)                        $(2,720)      $(862)        $(2,533)      $(2,054)      \n Total comprehensive income (loss)        $(2,712)      $(913)        $(2,547)      $(2,102)      \n Average Common Shares during the period  26,648,739    26,644,479    26,648,739    26,644,479    \n\nBALANCE SHEET INFORMATION:\n\n $ thousands unless otherwise noted  Mar 31, 2026  Mar 31, 2025  \n Cash balances and cash equivalents  $6,220        $4,723        \n Total funded debt as reported       $0            $0            \n Total lease obligations             $1,175        $1,257        \n Common Shares at period end         26,648,739    26,648,739    \n\nRECONCILIATION OF ADJUSTED EBITDA\n\n                                                     Three Months Ended          Year Ended                  \n $ thousands unless otherwise noted                  Mar 31, 2026  Mar 31, 2025  Mar 31, 2026  Mar 31, 2025  \n Net income (loss)                                   $(2,720)      $(862)        $(2,533)      $(2,054)      \n Current and deferred income tax expense (recovery)  $54           $395          $79           $393          \n Interest expense                                    $79           $58           $295          $277          \n Depreciation and amortization                       $406          $421          $1,638        $1,658        \n Amortization on capitalized commissions             $3            $1            $3            $5            \n Share based payments                                $143          $42           $209          $137          \n Long-term employee benefits                         $889          $233          $932          $233          \n Reorganization and acquisition costs                $-            $-            $-            $720          \n Software cost impairment                            $-            $-            $-            $383          \n Put option liability revaluation ((2))              $1,653        $-            $1,653        $-            \n Adjusted EBITDA                                     $509          $287          $2,277        $1,758        \n\nFOOTNOTES:\n\n(1) Adjusted EBITDA, Gross profit, Gross profit margin, and Recurring Monthly\nRevenues (“RMR”) are non-IFRS financial measures that have no standardized\nmeaning under IFRS and, as a result, may not be comparable to the calculation\nof similar measures by other companies. See Non-IFRS Financial Measures below.\nReconciliations of Adjusted EBITDA and RMR to Net Income or Revenues, as\napplicable, are provided in the Company's Management Discussion & Analysis\n(“MD&A”).\n\n(2) Represents a non-cash, one-time revaluation charge on the NSSG\nnon-controlling interest put option liability recorded in the fourth quarter\nof fiscal 2026. See the notes to the Company's audited consolidated financial\nstatements for the year ended March 31, 2026.\n\nABOUT AVANTE CORP.:\n\nAvante Corp. is a Toronto-based leading provider of security personnel and\ntechnology-enabled security solutions for residential and commercial clients.\nAvante’s mission is to deliver an elevated level of security globally, with\na white-glove approach for high-net-worth families and corporations alike,\nthrough advanced solutions and methods for detecting conditions requiring\nimmediate response. The Company has developed a diversified security platform\nthat leverages cutting-edge technology to deliver superior security services.\nWith an experienced team and a proven track record of solid growth, Avante is\ntaking steps to build a broad portfolio of security businesses and solutions\nfor its customers through organic growth complemented by strategic\nacquisitions. Avante acquires, manages, and develops industry-leading\ncompanies that provide specialized, mission-critical solutions to address the\nsecurity risks faced by its clients. Avante is listed on the TSX Venture\nExchange under the ticker “XX”. For more information, please visit\nwww.avantecorp.ca and consider joining our investor email list.\nEmmanuel Mounouchos\nFounder, CEO & Board Chair, Avante Corp.\n416-923-6984\nmanny@avantesecurity.com\n\nThis news release shall not constitute an offer to sell or the solicitation of\nan offer to buy nor shall there be any sale of the securities described herein\nin any jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such jurisdiction. This news release does not constitute an offer of\nsecurities for sale in the United States. The securities described herein have\nnot been, nor will they be, registered under the United States Securities Act\nof 1933, as amended, and such securities may not be offered or sold within the\nUnited States absent registration under U.S. federal and state securities laws\nor an applicable exemption from such U.S. registration requirements.\n\nNon-IFRS Financial Measures\n\nThis press release includes certain measures which have not been prepared in\naccordance with IFRS Accounting Standards as issued by the International\nAccounting Standards Board (“IASB”) (collectively, “IFRS”) such as\nEBITDA, Adjusted EBITDA and Recurring Monthly Revenue (“RMR”). These\nnon-IFRS measures are not recognized under IFRS and do not have a standardized\nmeaning prescribed by IFRS. Accordingly, users are cautioned that these\nmeasures should not be construed as alternatives to net income determined in\naccordance with IFRS. The non-IFRS measures presented are unlikely to be\ncomparable to similar measures presented by other issuers.\n\nReferences to EBITDA are to net income before interest, taxes, depreciation\nand amortization. References to Adjusted EBITDA are to net income before\ninterest, taxes, depreciation, amortization of intangibles & capitalized\ncommissions, share-based payments, acquisition, integration and/or\nreorganization costs, deferred financing costs, loss (gain) in fair value of\nderivative liability, and income or expense resulting from fair value\nadjustments recognized under IFRS. Recurring Monthly Revenues, or RMR,\nrepresent revenue during the fiscal period that benefited from contractual\nperiodic billing to customers, typically monthly, quarterly or annually.\n\nManagement believes that Adjusted EBITDA and Recurring Monthly Revenues are\nappropriate additional measures for evaluating Avante's performance. Readers\nare cautioned that neither EBITDA, Adjusted EBITDA nor Recurring Monthly\nRevenues should be construed as an alternative to net income or revenues (as\nsuch financial measures are determined under IFRS), as an indicator of\nfinancial performance or to cash flow from operating activities (as determined\nunder IFRS) or as a measure of liquidity and cash flow. Avante's method of\ncalculating EBITDA, Adjusted EBITDA and Recurring Monthly Revenues may differ\nfrom methods used by other issuers and, accordingly, Avante's reported\nNon-IFRS measures may not be comparable to similar measures used by other\nissuers.\n\nForward-Looking Information\n\nThis news release may contain forward-looking statements (within the meaning\nof applicable securities laws) relating to the business of the Company and the\nenvironment in which it operates. Forward-looking statements are identified by\nwords such as \"believe\", \"anticipate\", \"project\", \"expect\", \"intend\", \"plan\",\n\"will\", \"may\" \"estimate\", \"pro-forma\" and other similar expressions. These\nstatements are based on the Company's expectations, estimates, forecasts and\nprojections. The forward-looking statements in this news release are based on\ncertain assumptions. They are not guarantees of future performance and involve\nrisks and uncertainties that are difficult to control or predict. A number of\nfactors could cause actual results to differ materially from the results\ndiscussed in the forward-looking statements, including, but not limited to,\nthe Company's ability to achieve its stated long-term financial objectives and\nfiscal 2027 outlook; the Company's ability to achieve anticipated growth from\nacquisitions, new service offerings and from development and deployment of new\ntechnologies; the Company's ability to successfully deploy MAST units across\napplicable Target Park locations and achieve the anticipated operational,\ncommercial, and technological outcomes contemplated by that partnership\nagreement; the Company's ability to expand its Gunshot Detection deployment\nwith its Ontario police force customer into additional technologies and\nservices; and the list of risk factors identified in the Company's Management\nDiscussion & Analysis (MD&A), Annual Information Form (AIF) and other\ncontinuous disclosure documents available at www.sedarplus.ca. There can be no\nassurance that forward-looking statements will prove to be accurate as actual\noutcomes and results may differ materially from those expressed in these\nforward-looking statements. Readers, therefore, should not place undue\nreliance on any such forward-looking statements. Further, these\nforward-looking statements are made as of the date of this news release and,\nexcept as expressly required by applicable law, the Company assumes no\nobligation to publicly update any such statement, whether as a result of new\ninformation, future events or otherwise.\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fc8adf1a-adcc-4c37-9c04-ed4d1a334dd4)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-22T10:30:00.238338732Z","server_sent_at_ms":1784716200238},"received_at":"2026-07-22T10:30:00.388Z","source_url":"https://www.globenewswire.com/news-release/2026/07/22/3331173/36577/en/AVANTE-ANNOUNCES-FISCAL-2026-FINANCIAL-RESULTS-WITH-24-INCREASE-IN-RECURRING-MONTHLY-REVENUE-AND-30-ADJUSTED-EBITDA-GROWTH.html"},"analysis":{"id":"83908","press_release_id":"94867","analysis_json":{"industry":{"label":"Security & Alarm Services","sector":"Industrials"},"redFlags":[],"eventType":"earnings","narrative":"Avante reported fiscal 2026 revenue of $37.23 million, up 10.3% year-over-year, with Adjusted EBITDA rising 30% to $2.28 million and gross margins expanding to 41.8%.\n\nRecurring Monthly Revenue increased 24.4% to $17.22 million, while operating cash flow surged to $3.8 million from $0.3 million in the prior year, supported by a debt-free balance sheet with $6.2 million in cash.\n\nThe company announced a partnership with Target Park Group to deploy its MAST platform across more than 700 locations, alongside a new deployment of its Gunshot Detection system with an Ontario police force.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong cash flow generation and recurring revenue growth drive FY2026 results, bolstered by new Target Park partnership."},"keyFigures":{"revenue":37226000,"guidance":"Positive outlook for Fiscal 2027; long-term objectives to increase recurring revenues and improve Adjusted EBITDA margins","revenueYoy":"10.3%","customDimensions":{"rmr":17216000,"rmr_yoy":"24.4%","cash_balance":6220000,"gross_margin":"41.8%","gross_profit":15575000,"adjusted_ebitda":2277000,"available_credit":12000000,"operating_cash_flow":3800000}},"quotedText":"We continue to believe MAST represents one of the most significant growth platforms in Avante's history.","namedEntities":{"people":[{"name":"Manny Mounouchos","role":"CEO"},{"name":"Raj Kapoor","role":"CFO"},{"name":"Emmanuel Mounouchos","role":"CEO"}],"products":["MAST","HALO","Gunshot Detection system"],"companies":[{"name":"Avante Corp.","ticker":"ALXXF"},{"name":"Target Park Group Inc.","relationship":"partner"}],"dollarAmounts":[{"amount":"$37.23 million","context":"fiscal 2026 revenue"},{"amount":"$2.28 million","context":"fiscal 2026 Adjusted EBITDA"},{"amount":"$17.22 million","context":"Recurring Monthly Revenue (RMR)"},{"amount":"$3.8 million","context":"operating cash flow"},{"amount":"$6.22 million","context":"cash balances and cash equivalents"},{"amount":"$12 million","context":"unused credit facilities"}]},"materialImpact":{"score":4,"reasoning":"Avante delivered double-digit revenue growth and significant margin expansion, with recurring monthly revenue up 24.4% and Adjusted EBITDA growing nearly 30%. Operating cash flow surged more than 10x to $3.8 million, and the company secured a material partnership with Target Park for its MAST platform."},"tickerRelevance":{"others":[{"ticker":"XX","relevance":"primary listing"}],"primary":"ALXXF"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"solid_operational_growth","sectorWeight":"niche_industrials"}},"event_type":"earnings","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Avante reported fiscal 2026 revenue of $37.23 million, up 10.3% year-over-year, with Adjusted EBITDA rising 30% to $2.28 million and gross margins expanding to 41.8%.\n\nRecurring Monthly Revenue increased 24.4% to $17.22 million, while operating cash flow surged to $3.8 million from $0.3 million in the prior year, supported by a debt-free balance sheet with $6.2 million in cash.\n\nThe company announced a partnership with Target Park Group to deploy its MAST platform across more than 700 locations, alongside a new deployment of its Gunshot Detection system with an Ontario police force.","key_figures":{"revenue":37226000,"guidance":"Positive outlook for Fiscal 2027; long-term objectives to increase recurring revenues and improve Adjusted EBITDA margins","revenueYoy":"10.3%","customDimensions":{"rmr":17216000,"rmr_yoy":"24.4%","cash_balance":6220000,"gross_margin":"41.8%","gross_profit":15575000,"adjusted_ebitda":2277000,"available_credit":12000000,"operating_cash_flow":3800000}},"named_entities":{"people":[{"name":"Manny Mounouchos","role":"CEO"},{"name":"Raj Kapoor","role":"CFO"},{"name":"Emmanuel Mounouchos","role":"CEO"}],"products":["MAST","HALO","Gunshot Detection system"],"companies":[{"name":"Avante Corp.","ticker":"ALXXF"},{"name":"Target Park Group Inc.","relationship":"partner"}],"dollarAmounts":[{"amount":"$37.23 million","context":"fiscal 2026 revenue"},{"amount":"$2.28 million","context":"fiscal 2026 Adjusted EBITDA"},{"amount":"$17.22 million","context":"Recurring Monthly Revenue (RMR)"},{"amount":"$3.8 million","context":"operating cash flow"},{"amount":"$6.22 million","context":"cash balances and cash equivalents"},{"amount":"$12 million","context":"unused credit facilities"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-22T10:46:33.248Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"small-cap","eventGravity":"solid_operational_growth","sectorWeight":"niche_industrials"}},"durationMs":302328,"modelName":"glm-4.7"}}