AVA Q4 FY2023 update: Revenue on track, strong orders

Ava Risk Group Limited (ASX: AVA) provided an update on its Q4 FY2023 trading performance, revealing positive growth and performance indicators. The company expects its revenue for FY2023 to be in the range of AU$28.4 million to AU$28.7 million, which aligns with the previously provided guidance. Notably, during Q4, Ava Risk Group experienced continued strong momentum in confirmed sales orders, with a total value of AU$7.7 million.

Even after excluding Illuminate segment orders from GJD, which was acquired in August 2022, the increase remains noteworthy at 13%. Looking at the full fiscal year, Ava Risk Group achieved confirmed sales orders of AU$30.9 million, reflecting remarkable growth of 71% compared to the previous year. Additionally, the company disclosed a confirmed sales order backlog of AU$3.5 million.

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