Ava Risk Group expects $29M in annual revenue

• Ava Risk Group reported expected full-year revenue of $34 million to $37 million.
• Shares in the security technology company traded higher following the lower revenue update.
• Order timing delays of $6 million across Middle East and North American projects drove the shortfall into FY27.

Ava Risk Group (ASX:AVA) revealed expected full-year revenue of $29 million after project delays impacted client delivery.

The projected figure falls short of the company’s previously stated guidance range of $37 million.

The company stated that regional conflict delayed a $2.8 million Middle East sovereign border protection project into FY27.

Additional delays involving $1.9 million in North American orders further deferred revenue into the next financial year.

Following the announcement, the Ava Risk Group share price was up at $0.044.

Ava Risk Group specialises in risk management technology across its core detect, access, and illumination business segments.

The company expects to finish the financial year with positive underlying EBITDA and a cash balance of $6.7 million.