Avante Corp. (V:XX)
Business Focus: Security Services
| Sector: Industrials | Industry: Business Support Services |
| Company Contact | |
| Address: | 1959 Leslie Street NORTH YORK ON M3B 2M3 |
| Tel: | N/A |
| Website: | https://www.avantecorp.ca |
| IR: | See website |
| Key People | ||
| Emmanuel Mounouchos Chairman of the Board, Chief Executive Officer | Raj Kapoor Chief Financial Officer | |
| Business Overview |
| Avante Corp. is a provider of technology-enabled security services. The Company's activities are conducted through its subsidiary, Avante Security Inc, which offers residential and condominium customers in Toronto and Muskoka, Ontario, through the use of technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and monitoring to services, such as alarm response and patrols, personal protection, house staff training, and secure transportation. It has a specialized skillset in security integration, monitoring and electronic building management. It also provides consulting and installation of automation and security solutions for the residential market. Its signature offerings are its Rapid Alarm Response services, and its Intelligent Perimeter Protection Video Analytics. It also provides Closed Circuit Television (CCTV), access control and security services for traveling executives. |
| Financial Overview |
| For the nine months ended 31 December 2023, Avante Corp revenues increased 21% to C$17.7M. Net loss before extraordinary items decreased 73% to C$249K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Basic Earnings per Share excluding Extraordinary Items increased from -C$0.03 to -C$0.01. |
| Employees: | 1,852 as of Mar 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $14.66M as of Dec 31, 2023 |
| Annual revenue (TTM): | $23.06M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.15M as of Dec 31, 2023 |
| Net annual income (TTM): | -$3.18M as of Dec 31, 2023 |
| Free cash flow (TTM): | $4.97M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 26,643,739 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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