Avante Corp. (V:XX*CA)

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
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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: $13.89M 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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