Avante Logixx Inc. Announces Financial Results For The Second Fiscal Quarter Ended September 30, 2022
TORONTO, Nov. 25, 2022 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce its financial results for its second fiscal quarter ended September 30, 2022 (all amounts in Canadian dollars thousands, unless otherwise indicated).
- F21 means the fiscal year ended March 31, 2021; F22 means the fiscal year ended March 31, 2022; and F23 means the fiscal year ended March 31, 2023.
- The Avante Security segment reported Adjusted EBITDA of $723 during the three-month period ended September 30, 2022, versus $840 during the first fiscal quarter ended June 30, 2022.
- This represented a decrease of $(226) versus the $(274) Adjusted EBITDA net of central costs during the first fiscal quarter ended June 30, 2022.
- During first quarter ended June 30 2022, Discontinued Operations reflected two months of operations from the Logixx Security Segment, whereas the first quarter of the prior fiscal year reflected three months.