Avant Brands Reports Continued Growth in Q2 2024 Financial Results

Avant Brands Inc. achieved significant financial milestones in Q2 2024, driven by international expansion and operational improvements. Gross revenue reached a record $9.4 million, a 5% increase compared to Q2 2023. Net revenue rose by 4% to $8.3 million.

International sales surged 26% to $3.7 million, representing 45% of net revenue, largely due to growth in markets like Australia, Germany, and Israel. Adjusted EBITDA was $2.8 million, reflecting continued earnings growth.

Anterior cash flow from operations hit a record $4.6 million. Adjusted net income also reached a record $1.4 million, attributing this to effective cost-control measures and increased sales.

Avant Brands secured nine new international sales agreements in fiscal 2024, expanding its presence in Europe. The company’s flagship brand, BLK MKT™, is positioned for further success in global markets.