Click here to close now.


News Feed Item

Avante Logixx Inc. Announces Q3 Revenue up 32% and Gross Profit up 48%

TORONTO, ONTARIO -- (Marketwired) -- 01/17/14 -- Avante Logixx Inc. ("the Company") (TSX VENTURE: XX)(OTCBB: ALXXF), through its wholly owned subsidiary, Avante Security Inc., provides best in class residential and commercial security services including system design and installation, rapid alarm response, alarm monitoring and secure transport through the use of advanced technology and a focus on client service. The Company is pleased to announce its results for the quarter ended December 31, 2013:

                       Quarter ended             Nine month period ended
              ------------------------------- ------------------------------
                   Dec 31,    Dec 31,             Dec 31,    Dec 31,
                     2013       2012 Variance       2013       2012 Variance

Total revenues $2,259,091 $1,711,785    32.0% $6,737,945 $4,668,028    44.3%
Revenues -
 Response(1)      801,197    717,633    11.6%  2,339,145  2,084,915    12.2%
Revenues from
 services and
 transport      1,457,894    994,152    46.6%  4,398,800  2,583,113    70.3%
Total gross
 profit           858,464    580,880    47.8%  2,606,692  1,514,463    72.1%
 EBITDA(2)        336,941    112,530           1,095,531    136,684
Net income
 (loss) for
 the period       279,149     85,395           1,017,851     75,536
Basic income
 (loss) per
 share              0.005      0.002               0.018      0.001
Diluted income
 (loss) per
 share              0.005      0.002               0.017      0.001

Total common
 outstanding   55,983,843 55,908,843          55,983,843 55,908,843
Total assets   $3,542,138 $1,841,902          $3,542,138 $1,841,902

 revenue)         796,566    621,123             796,566    621,123
 revenue        1,489,804  1,342,409           1,489,804  1,342,409
 liabilities    2,286,370  1,963,532           2,286,370  1,963,532
Bank and other
 debt               -nil-      -nil-               -nil-      -nil-
 equity         1,255,768  (121,630)           1,255,768  (121,630)

(1) Revenues - Recurring Monitoring and Response includes Alarm Response
    along with Digital, Wireless and Video Monitoring services
(2) Adjusted EBITDA = Net income (loss) + Income tax + Depreciation /
    amortization + Shared based payments expense

Co-CEOs George Rossolatos and Emmanuel Mounouchos announced Avante Logixx Inc.'s results for the quarter ended December 31, 2013. The Company reported strong results driven by growth across all lines of business.

Net income for the quarter was $279,149 as compared to $85,395 for the same quarter in the prior fiscal year. Adjusted EBITDA for the quarter was $336,941 (December 31, 2012: $112,530). The Company continues to focus on organic growth in the Rapid Alarm Response, Security Monitoring and Installations segments, while developing new security solutions for residential and corporate customers. This was evidenced by growth of approximately 10% in both Alarm Response and Monitoring respectively. Overall growth in recurring security revenue has continued to trend over 10%.

The Avante Intelligent Perimeter Protection ("AIPP"), a recent offering, comprises both Intrusion Detection and Intelligent Video Analytics, using sophisticated software algorithms to study the environment the camera is focused on. When the camera detects an intrusion by an individual, the Avante Control Centre is instantly notified. Avante's response team acts on these alerts immediately, typically arriving at the scene within six minutes or less on average. The AIPP creates a perimeter 'bubble' around homes and businesses, detecting intruders before a break-in attempt occurs. The number of customers using this solution has grown by more than 150% as compared to December 31, 2012.

International Security Travel Advisory Services ("ISTAS") is another recent offering by Avante. With this offering, Avante is working with several multinational companies to ensure that their travelling employees have appropriate protection, transportation services and logistics while travelling to places which are considered to be higher risk environments. ISTAS has shown significant growth in the past year. Revenues from this offering were almost 175% as much as the quarter ended December 31, 2012. ISTAS revenue depends on the international activities of our clients during the period and is not recurring in nature.

Avante's prospects for the remainder of fiscal 2014 continue to be positive. The company's cash balance rose to over $1.5 million at December 31, 2013 with no debt. Management believes that there are significant opportunities for organic growth or for the Company to consolidate and further improve its market share, which would result in increased profitability.

Avante Logixx Inc. (TSX VENTURE: XX)(OTCBB: ALXXF) is a Toronto based security and technology company. Its primary operating division, Avante Security Inc. (, provides best in class security response and other security services for residential and commercial applications as well as being an industry leader in designing and installing complex security systems, access control, intelligent video analytics and smart home automation. The company continuously develops innovative products and applications within its core competencies. Please visit

Forward looking information: The information set forth in the Company's MD&A and this press release to readers may contain statements concerning Avante's future results, future performance, intentions, objectives, plans and expectations that are, or may be deemed to be, forward-looking statements or information within the meaning of securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance.

These forward-looking statements are based on current expectations that involve numerous risks and uncertainties, including, but not limited to, those identified in the Risks Factors section of the Filing Statement the Company filed with regulatory authorities on February 28, 2008. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Avante's control. Although Avante believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate. These factors should be considered carefully, and readers should not place undue reliance on forward-looking statements. Avante has no intention and undertakes no obligation to update or revise any forward-looking statements, whether written or oral that may be made by or on the Company's behalf.

Please visit our newly updated websites at and and consider joining our investor email list.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In their session at DevOps Summit, Asaf Yigal, co-founder and the VP of Product at, and Tomer Levy, co-founder and CEO of, will explore the entire process that they have undergone – through research, benchmarking, implementation, optimization, and customer success – in developing a processing engine that can handle petabytes of data. They will also discuss the requirements of such an engine in terms of scalability, resilience, security, and availability along with how the archi...
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Saviynt Inc. has announced the availability of the next release of Saviynt for AWS. The comprehensive security and compliance solution provides a Command-and-Control center to gain visibility into risks in AWS, enforce real-time protection of critical workloads as well as data and automate access life-cycle governance. The solution enables AWS customers to meet their compliance mandates such as ITAR, SOX, PCI, etc. by including an extensive risk and controls library to detect known threats and b...
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
DevOps has often been described in terms of CAMS: Culture, Automation, Measuring, Sharing. While we’ve seen a lot of focus on the “A” and even on the “M”, there are very few examples of why the “C" is equally important in the DevOps equation. In her session at @DevOps Summit, Lori MacVittie, of F5 Networks, will explore HTTP/1 and HTTP/2 along with Microservices to illustrate why a collaborative culture between Dev, Ops, and the Network is critical to ensuring success.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud wit...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes.
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete en...
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...