Avant Technologies Inc (PK:AVAI)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| Company Contact | |
| Address: | 5348 Vegas Drive LAS VEGAS NV 89108 |
| Tel: | N/A |
| Website: | https://trendinnovationsholding.com |
| IR: | See website |
| Key People | ||
| Ivan Lunegov President | William Hisey Chief Executive Officer | Vitalis Racius Chief Financial Officer, Treasurer, Director |
| Danny Rittman Chief Information Security Officer | Natalija Tunevic Company Secretary | |
| Business Overview |
| Avant Technologies, Inc. is an artificial intelligence technology (AI) company. The Company is engaged in acquiring creating, developing and advanced technologies that utilize artificial intelligence (AI), creating, and developing innovative and advanced technologies that utilize artificial intelligence. The Company develops a distributed supercomputer designed for AI software development companies and other companies that require computing power, such as scientific simulations, climate modeling, protein folding analysis, and big data processing. Its technologies include Avant! AI and InstantFAME. Avant! AI is an AI platform that utilizes advanced natural language processing capabilities to provide responses to complex questions and to perform in complex scenarios. It uses Avant! AI to develop in-house projects and to integrate AI within previously developed software applications. InstantFAME is a mobile and Web application that operates in the digital artwork marketplace. |
| Financial Overview |
| For the nine months ended 31 December 2023, Avant Technologies Inc revenues decreased from $276K to $0K. Net loss increased from $224K to $1.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects General and Administrative Expenses increase from $148K to $1.7M (expense), Professional Fees increase from $30K to $64K (expense). |
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