Avante Corp.

Good morning, everyone. We will be starting in one minute. Thank you everyone for joining us today and welcome to Avante's fiscal fourth quarter and year-end 2026 investor webinar covering the three months and 12 months ended March 31st, 2026. My name is Rajen Sohal and I will be the moderator for today's call. Joining me on the call today are Emmanuel Mounouchos, founder and CEO of Avante, and Raj Kapoor, the company CFO. This call is being recorded. There will be a question and answer session at the end of the call. I trust that everyone has received a copy of our financial results press release that was issued last week. Listeners are also encouraged to download a copy of our annual financial statements Please note, portions of today's call, other than historical performance, include statements of forward-looking information within the meaning of applicable securities laws. These statements are made under the safe harbor provisions of those laws, forward-looking statements that are based on management's current views and assumptions, and that this discussion is qualified in its entirety by the cautionary note regarding forward-looking statements that is appended to our news release. Please review our press release and Avante's reports filed on CDAR Plus for various factors that could cause actual results to differ materially from the projections. We use terms such as gross profit, gross margin, adjusted EBITDA, and RMR on this conference call, which are non-IFRS and non-GAP measures. For information on how we define these terms, please refer to the definition set out in our management discussion and analysis. And with that, let me turn the call over to Mr. Emmanuel Mounouchos, founder and CEO.

Thank you, Rajan, and welcome everyone. We truly appreciate everyone joining us today. On today's call, our CFO, Raj Kapoor, will review fourth quarter and full year fiscal 2026 results. And I will provide a general update and business overview of where the company is today and our positive outlook for the fiscal 2027. Before we get into the fiscal results, I'll provide a high level overview of Avante. Avante is a leading provider of security operatives and technology enabled security solutions to residential and commercial clients. Avante's mission is to deliver an elevated level of security globally with white glove mentality to high net worth families and corporations alike. Our platform today spans five core areas. Security systems, our advanced burglar alarms, integrated camera systems, and smart box dual factor monitoring backed by our 24-7 professional oversight from our state-of-the-art control center. Protective services, our full range of physical protection including highly trained executive security operatives, secure driving, rapid alarm response, and mobile patrols. Halo, our AI-powered video analytics platform delivering real-time monitoring, facial recognition, and gun detection across residential and commercial spaces. Avante Black, our discrete, specialized services delivering worldwide, including secure international travel and transport, complex investigations, and covert operations. And HomeWorks, our premium home management offering, including better trades and maintenance. Avanti is headquartered in Toronto, Ontario, and we have approximately 201 employees in the company. Today, the security landscape for high net worth individuals has become more complex than ever, with rising geopolitical tensions, increasing incidents of targeted crime, and growing concerns over personal safety. The need for a sophisticated security solution has never been greater. High profile individuals are no longer just seeking traditional protection. They require comprehensive, proactive measures that integrate advanced technology with expert oversight. At Avante, we understand these evolving risks and are committed to providing elite security services that offer not only protection, but also peace of mind. I'm pleased to report that during the fiscal 2026, our teams completed over 680,000 patrols, executed over 2,600 secure transports, and responded to just under 28,000 alarm events, maintaining an average response time of six minutes or less. On today's call, we will walk through the following topics. First is our Q4 and fully fiscal 2026 financial results with Raj. We'll discuss more detail shortly. Second is the innovation at Avante, accelerating our growth. And lastly, our positive outlook for fiscal 2027. I would now like to return to to turn it over to our CFO, Raj Kapoor, who will discuss our financial results for the fourth quarter and the full year of fiscal 2026.

Thank you, Manny, and welcome, everyone. I am pleased to report another year of growth in revenue and adjusted EBITDA for Avante, capping off a strong fourth quarter to close out fiscal 2026. For the full fiscal year ended March 31, 2026, Avante achieved revenue of $37.2 million, compared to $33.8 million in fiscal 2025, an increase of 10%. Revenue growth was driven by several divisions, including the company's secure transport division, which experienced an increase of 24% in revenue compared to the previous year. Additionally, NSSG revenue experienced a growth of 67% over the previous year, including an increase in its consulting division of 97%. adjusted EBITDA for the full fiscal year grew to $2.3 million compared to $1.8 million in fiscal 2025, an increase of 30%. EBITDA growth was driven by an increase in revenue in our higher margin businesses and achieving greater operating efficiencies. Our fiscal 2026 full year results are as follows. Reoccurring monthly revenue or RMR of $17.2 million compared to $13.8 million an increase of 24%. Gross profit of $15.6 million compared to $13.3 million, an increase of 17%, driven by revenue growth in the year and improved gross profit margins. Gross margin of 41.8% compared to 39.3% fiscal 2025, an improvement of 250 basis points. This full year performance reflects the continued Turning now to our fourth quarter results. For the three months ended March 31, 2026, Avanti achieved revenue of $10.5 million compared to $9.3 million in Q4 of fiscal 2025, an increase of 12%. Adjusted EBITDA for the quarter was $509,000 compared to $287,000 in Q4 of fiscal 2025, an increase of 77%. Our fiscal fourth quarter 2026 results are as follows. Recurring revenue of 4.8 million compared to 3.5 million, increase of 35%. Gross profit of 4.7 million compared to 3.3 million, an increase of 42%. Gross margin of 45.2% compared to 35.7% in Q4 fiscal 2025, a significant improvement of 950 basis points. The company's growth has been driven by the Our business model remains predictable, with a significant portion of our revenue reoccurring in nature. 45% of our revenue in fiscal Q4 came from contracted reoccurring revenue, providing strong visibility and predictability for future performance. Reoccurring revenue increased 35% in fiscal Q4 compared to the same period last year. Other revenue in Q4 fiscal 26 increased was elevated due to the increase in one-time NSSG engagements tied to heightened geopolitical issues in the Middle East during the quarter. Our client contracts are typically one year in length, and we maintain a 98% client retention and renewal rate, demonstrating the strength of our value proposition. I'm pleased to report that we have maintained the strength of our balance sheet, giving us the flexibility to fund the company's organic growth initiatives. As of March 31, 2026, Avante had $6.2 million in cash and cash equivalents compared to $4.7 million. As of Q4 2025, an increase of 32%. We have access to a $12 million undrawn line of credit, which we intend to use Our working capital as of March 31, 2026 was $4 million. We remain able to continue funding our growth with cash flow from operations. Overall, the company is operating from a very strong financial position. Revenues are growing, profit margins are increasing, and our cash is improving. I will now turn the call back over to Ken.