Q2 FY2025 Trading Update
Stock | AVA Risk Group Ltd (AVA.ASX) |
---|---|
Release Time | 21 Jan 2025, 9:35 a.m. |
Price Sensitive | Yes |
Ava Risk Group Reports Strong Q2 FY2025 Trading Update
- Expected H1 FY2025 revenue of $17.0 million, up 20% on previous year
- Expected positive EBITDA for H1 FY2025 with stable and scalable cost base
- Continued strong sales order intake of $7.4 million in Q2, $16.3 million in H1
Ava Risk Group Limited (ASX: AVA) has provided a trading update for Q2 FY2025, reporting strong performance across its business. The company expects H1 FY2025 revenue of $17.0 million, up 20% on the previous year and within the guidance range. The second half revenue is expected to be stronger than the first half. Ava Group also expects positive EBITDA for H1 FY2025, with a stable and scalable cost base to support future earnings growth. The company continued to see strong sales order intake during Q2, totaling $7.4 million, resulting in H1 sales order intake of $16.3 million. Ava Group made further progress in its key industry verticals, including sovereign border protection, airport perimeter detection, and transportation. The company's order backlog at the end of Q2 FY2025 stood at $7.6 million, including $2.4 million in contracted annual recurring revenue. Ava Group CEO Mal Maginnis commented that the company is well-positioned to accelerate growth in H2 FY2025 with its proven technology platform and strong sales opportunity pipeline.
Expected H1 FY2025 revenue of $17.0 million, up 20% on previous year. Positive EBITDA expected for H1 FY2025.
The company remains focused on improving its financial performance through growth in sales order intake, growth in sales order backlog, increasing recurring revenue, maintaining high gross margins of 60% - 65%, and a scalable cost base generating positive EBITDA.