Q3 FY2025 Trading Update
Summary
Ava Risk Group Limited (ASX: AVA) is pleased to provide an update on our Q3 FY2025 trading performance. Sales order intake for Q3 was $6.5 million, resulting in a year-to-date intake of $22.8 million. We have a strong pipeline supporting growth in Q4. CEO Mal Maginnis highlighted key projects in transportation and telecommunication sectors, with a confirmed sales order backlog of $7.4 million, including $2.5 million in annual recurring revenue. During Q3, we continued to support the Sydney Metro project and expect to close other transport infrastructure projects in Q4. Detect segment saw a 18% growth, with a strong pipeline in the telecommunication sector. Access segment saw a $0.8 million intake, with growth anticipated in the U.S. Illuminate segment had a 17% increase in orders. We are pleased to announce receiving an order from Telstra for an Aura Ai-X system to protect a subsea cable in Australia, a significant milestone for revenue growth and market expansion. Our focus on key industries remains strong, with confidence in delivering solid growth and revenue guidance of $18 million - $21 million for the second half of FY2025. For more information, please submit questions via our interactive Investor Hub.
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