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Avante Logixx Inc.XX 14 cents



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By Flipper

Posted: Thursday Oct 3 6:43:01AM 2013

Shares in XX have tripled since July. New high of 37 cents. This ones a keeper. 


By Flipper

Posted: Monday Sep 16 7:05:15AM 2013

Shares of XX hit 25 cents today on good volume. 

Looking forward to a another growing and profitable quarter. 


By PAndreola

Posted: Tuesday Jul 23 2:38:34PM 2013

I like this one a lot. There are about 55 million shares out and insiders and associates own about 60%. Company has also instituted a share buy back. Currently trading at a TTM PE of 14 (not paying income tax yet). Comparable Alarm Force trades at 35 times earnings and growing much slower.


By Flipper

Posted: Tuesday Jul 23 8:12:56AM 2013

2 solid profitable quarters in a row and nice price movement. 

 

Avante Logixx Inc. Announces Q1 Revenue up 56% as Gross Profit Doubles
 
TORONTO, ONTARIO--(Marketwired - July 22, 2013) - Avante Logixx Inc., ("the Company") (TSX VENTURE:XX) 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 June 30, 2013:

                                                    Quarter ended           
                                     ---------------------------------------
                                                                   Variance 
                                     June 30, 2013  June 30, 2012       (%) 
                                                                            
Total revenues                        $  2,333,256    $ 1,490,918      56.5%
  Revenues - Recurring Monitoring and                                       
   Response (1)                            762,080        676,416      12.7%
  Revenues from other security                                              
   services and transport                1,571,176        814,002      93.0%
Total gross profit                         930,857        445,671     108.9%
Adjusted EBITDA(2)                         439,898         (9,083)          
Net income (loss) for the period           430,191        (25,141)          
Net income (loss) per share - basic          0.008         (0.000)          
Net income (loss) per share - diluted        0.007         (0.000)          
                                                                            
Total common shares outstanding         55,908,843     55,908,843           
Total assets                             2,954,384      1,691,474           
Total liabilities                        2,342,259      1,934,836           
  Total liabilities (excluding                                              
   deferred revenue)                       854,101        690,183           
  Deferred revenue                       1,488,158      1,244,653           
  Bank and other debt                        -nil-          -nil-           
Shareholders' equity                       612,124       (243,363)          
                                                                            
(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 + Share based payments expense
 
Co-CEOs George Rossolatos and Emmanuel Mounouchos announced Avante Logixx Inc.'s results for the quarter ended June 30, 2013. The Company reported strong results driven by growth across all lines of business.

Net income for the quarter was $430,324 as compared to a loss of (25,041) for the same quarter in the prior fiscal year. Adjusted EBITDA for the year was $439,898 (June 30, 2012: ($9,082)). The Company continues to focus on organic growth in the Rapid Alarm Response, Security Monitoring and Installations segments, while looking to develop new security solutions to residential and corporate customers. Growth in recurring security revenue remains strong.

Avante Intelligent Perimeter Protection ("AIPP") is a recent offering comprising both Intrusion Detection and Intelligent Video Analytics using sophisticated software algorithms to study the environment the camera is focused on. The moment there is an intrusion by an individual into the camera's view, 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. Avante is using this offering to create a perimeter 'bubble' around homes and businesses and apprehending intruders before a break-in attempt occurs. AIPP revenue continues to show significant growth and is recurring in nature.

International Security Travel Advisory Services ("ISTAS") is another recent offering by Avante. The Company is working with several multinational companies in ensuring that their travelling employees have appropriate protection, transportation services and logistics while travelling to higher risk environments. ISTAS has shown significant growth in the past year with this quarter being exceptional due to a particular international product launch across multiple countries. 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 million at June 30, 2013 with no debt. Management believes that there are significant opportunities for the Company to consolidate and further improve its market share, which would result in further profitability.

Avante Logixx Inc. (TSX VENTURE:XX) is a Toronto based security and technology company. Its primary operating division, Avante Security Inc. (www.avantesecurity.com), 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, and intelligent video analytics. The company continuously develops innovative products and applications within its core competencies. Please visit www.avantelogixx.com.

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