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Avante Logixx (TSE:XX)
:XX
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 24, 2018
|% Change Since: 57.14%
|Next Earnings Date:Aug 24, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant revenue growth, improved profitability, and strategic advancements in technology and services. The company is well-positioned financially and operationally, though it faces integration challenges with recent acquisitions and a temporary decline in cash balance.Company Guidance
During the earnings call for Avante's second quarter of fiscal 2025, Emmanuel Mounouchos and Raj Kapoor provided detailed guidance on the company's financial and strategic outlook. Avante achieved a 52% year-over-year increase in quarterly revenue, reaching $8.1 million, with a gross profit increase of 64% to $3.5 million, and a gross margin of 43%. The company's adjusted EBITDA grew by 49%, and recurring monthly revenue surged by 29%, driven by the successful NSSG acquisition. Avante's financial health was highlighted by being bank debt-free and having $12 million in undrawn credit facilities. The company's strategic focus is on expanding its high net worth residential services, leveraging NSSG for comprehensive offerings, and scaling its proprietary technologies like Halo and Avante Verified. Avante's future growth trajectory is supported by a strong cash position, strategic reinvestments, and a commitment to innovation.Significant Revenue Growth
Quarterly revenues increased by 52% year-over-year, reaching $8.1 million during Q2 2025 compared to $5.3 million in Q2 2024.
Gross Profit and Margin Improvement
Gross profit increased by 64% to $3.5 million in Q2 2025 from $2.1 million in Q2 2024, with gross margin improving to 43% from 39.7%.
Positive Adjusted EBITDA
Adjusted EBITDA grew by 49% in Q2 fiscal 2025, with a consistent gain from continuing operations of $338,000 compared to $277,000 in Q2 2024.
Bank Debt-Free Status
Avante is now bank debt-free, with $12 million available in undrawn credit facilities, positioning it in a strong financial state.
Expansion of Proprietary Technologies
Deployment of proprietary Halo technology in over 160 locations, with plans for further enhancements and integration of new tech-enabled products.
High Client Retention
Maintained a minimum of 98% client retention and renewal, demonstrating strong client satisfaction and trust.
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TSE:XX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:XX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | C$0.84 | C$0.82 | -2.38% |
| Aug 12, 2024 | C$0.68 | C$0.70 | +2.94% |
| Jul 30, 2024 | C$0.75 | C$0.72 | -4.00% |
| Feb 27, 2024 | C$0.76 | C$0.72 | -5.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avante Logixx (TSE:XX) report earnings?
Avante Logixx (TSE:XX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Avante Logixx (TSE:XX) earnings time?
Avante Logixx (TSE:XX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:XX EPS forecast?
Currently, no data Available
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