Avante Corp. reported fiscal 2026 revenue of $37.2 million, a 10.3% increase from the prior year, driven by a 24.4% rise in Recurring Monthly Revenue (RMR). The company achieved Adjusted EBITDA of $2.3 million, an increase of 30%, while operating cash flow improved to $3.8 million from $0.3 million. Avante remains bank-debt free with $6.2 million in cash and access to $12 million in unused credit facilities.

Fiscal 2026 Financial Highlights

For the year ended March 31, 2026, Avante reported revenue of $37.23 million, up from $33.76 million. Gross profit increased to $15.57 million, with margins expanding to 41.8% from 39.3%. RMR reached $17.22 million, fueled by growth in monitoring customers and recurring revenue from its NSSG division. Adjusted EBITDA rose to $2.28 million from $1.76 million.

Fourth Quarter Performance

In the fourth quarter, revenue grew 12.4% year-over-year to $10.50 million. Gross profit for the quarter was $4.74 million, with margins improving to 45.2% from 35.7%, driven by higher-margin businesses including NSSG, Avante Black, and HALO. Adjusted EBITDA for the quarter increased 77.4% to $0.52 million.

Strategic Developments

Avante announced a partnership with Target Park Group Inc. to deploy its MAST platform across over 700 parking locations in Canada and the United States. The company also secured a deployment agreement with a regional Ontario police force for its Gunshot Detection system, incorporating Human-in-the-Loop monitoring technology.

Investor Webinar Details

Avante will host an investor webinar to discuss these results on Monday, July 27, 2026, at 11:00 am ET (8:00 am PT). The session will be led by Emmanuel Mounouchos, CEO, Chairman, and Founder, and Raj Kapoor, CFO.

Avante Corp. has entered into a partnership agreement with Target Park Group Inc. to deploy its Mobile Automated Surveillance Tower (MAST) units across above-ground parking facilities in Canada and the United States. The collaboration aims to address safety challenges in open-air parking environments while establishing a foundation for future automated services. This deployment is expected to enhance Avante's recurring revenue base and demonstrate the scalability of its MAST platform beyond traditional security applications.

Partnership Overview

Under the terms of the agreement, Avante will deploy MAST towers across select Target Park locations, providing 24/7 surveillance. The MAST units are designed for remote and high-risk environments where fixed infrastructure is impractical. Powered by solar energy with generator backup and operating on cellular connectivity, the towers require no local power or network connections. They integrate Avante’s HALO technology to deliver autonomous surveillance and real-time threat detection.

Technology and Operations

The engagement is structured with a forward-looking technology roadmap. In the initial phase, MAST will serve as the primary security layer, utilizing AI-powered surveillance capabilities with human-verified monitoring through Avante's Control Centre. This setup is intended to provide Target Park with proactive threat detection and rapid incident response. As the deployment matures, the HALO infrastructure will be leveraged to enable automated parking services, including vehicle identification, real-time lot monitoring, and streamlined customer access.

Strategic Impact

Target Park operates over 700 parking locations across Canada and the United States. The partnership allows the operator to elevate safety and security immediately while setting the stage for future innovation. By leveraging the same platform for automated parking capabilities, Target Park aims to enhance operational efficiency without incremental hardware investment, making its facilities smarter and more accessible over time.

Emmanuel Mounouchos, Founder, Chief Executive Officer and Board Chair of Avante, stated that the agreement reflects the kind of partnership MAST was built for. He emphasized that the company is laying the groundwork for a smarter, technology-enabled operation, demonstrating MAST's scalability and the recurring value it can deliver to operators. Chris Sakkas, Chief Operating Officer of Target Park, added that the deployment allows for an immediate elevation of safety while positioning the portfolio for future operational enhancements.