Avante Logixx Inc. announced that its adjusted EBITDA for the year ended March 31, 2021 reached a record US$6 million (or US$0.285 per share) and revenue was US$91.7 million – QNT Press Release


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Toronto, July 20, 2021 (Global News Agency)-Avante Logixx Inc. (TSX.V: XX) (OTC:ALXXF) (“Avante” or “Company”) is pleased to announce its annual results for the year ended March 31, 2021 (all amounts are in thousands of Canadian dollars unless otherwise stated).

Results for the three-month period and year ending March 31, 2021

end of the year End of three months
In thousands of U.S. dollars, unless otherwise stated March 31, 19(2) March 31, 20 March 31, 21 March 31, 20 December 31, 20 March 31, 21
income USD 32,081 US$49,849 91,716 USD 17,030 USD USD 25,204 USD 24,706
gross profit (1) 9,575 USD 11,688 USD USD 20,834 3,095 USD USD 5,584 USD 5,353
Gross profit margin (1) 29.8% 23.4% 22.7% 18.2% 22.2% 21.7%
Direct operating expenses (1) 10,500 USD USD 12,374 14,919 USD 3,539 USD 3,880 USD 3,537 USD
EBITDA (1) (US$1,804) ($463) 3,170 USD USD 744 108 USD 1,660 USD
Adjusted EBITDA from continuing operations (1) ($220)

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