Security technology developer Ava Risk Group (ASX:AVA) has reported a softer-than-expected first half for FY26, with revenue landing at $14 million, falling short of its initial $17.0–$18.2 million guidance.
The company attributed the shortfall to timing delays on several key international programs, including US government contracts impacted by earlier administrative shutdowns and infrastructure projects in Australia and the Middle East.
Despite the H1 headwinds, management remains optimistic, maintaining full-year revenue guidance of $37 to $40 million.
The forecast implies a significant second-half recovery, underpinned by a $7.8 million sales backlog and the expected conversion of several large-scale tenders.
High-conviction opportunities in the pipeline include a $2.5 million sovereign border protection program and $3.2 million in energy infrastructure projects, both situated in the Middle East.