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AVA Risk Group Limited (ASX: AVA) is a diversified risk management technology and services company, and it operates across fifteen countries across the world.
On 27 May 2019, AVA Risk Group Limited released its investor presentation, wherein it discussed about the companyâs operations along with the financial performance.
The presentation also discussed about its services and technology division of the company as follows:
Ava Global Logistics
Ava Global Logistics comes under the service division of the company and is a growing global provider of secure international logistics of high-risk valuables, precious metals and currency. It provides fully insured door to door services, utilizing a network of highly experienced security companies, freight forwarders, airlines along with customs brokers. Also, the division has a blue-chip client base along with global footprint with offices in New York, London, Frankfurt, Dubai & Singapore.
Future Fibre Technologies (FFT):
FFT comes under the technology division of the company and is a leader in fibre optic disturbance detection systems. The FFTâs advanced security systems can detect as well as locate perimeter intrusions, oil and gas pipeline third-party interference along with data network tapping and tampering. More than 1,900 systems have been deployed across 69 countries. This division has established a solid reputation for delivering advanced as well as intrusion detection solutions for Government, Military, Oil & Gas, Transport and Utility sectors.
FFT Aura Ai-2 utilizes AI to spot and find expert stealthy intruders ascending, cutting or lifting perimeter fences with extreme sensitivity. Further, the product can also be used for monitoring fibre optic communications networks.
BQT Solutions:
BQT Solutions belongs to the technology division of the company as well, and specializes in the development, creation as well as the supply of high-quality, high-security card as well as biometric readers. It also includes the electromechanical locks along with related electronic security products.
Performance Update:
Services division- As a result of growing economies of scale, price increases and higher margin new business, the company expects Gross Margin to increase by 5% in 2H FY2019. The pipeline of potential new customers has increased. The total revenue from the Services Division for FY2019 has declined slightly from A$17.1 million to A$16.4 million.
Technology division-As a result of growing sales of the FFT Aura Ai product line, Gross Margins increased from 65% in 1H FY2018 to 68% in 1H FY2019. The investment in the Aura AI platform was able to generate material revenue to date along with strong order book as well as significant upside at attractive margins. For FY2019, the total revenue from the Technology Division is expected to be in excess of A$18 million.
Further on 27 May 2019, the company also announced that it has secured 2 new contracts for its technology division, FFTâs product Aura Ai-2 valued at A$862,000. Also, Aura Ai-2 has been chosen to protect the perimeters of 2 extreme security US Government sites along with a North American Nuclear Power Plant.
Recently, On 24 May 2019, the company announced that its technology division FFTâs product Aura Ai-2 product had been selected by the Indian Air Force to protect its 23 airbases due to the heightened security environment in the region.
By the end of the trading session on 27 May 2019, the price of AVA shares was A$0.185, up by 2.778% as compared to its previous closing price. AVA holds a market cap of A$37.91 million and approx. 210.62 million outstanding shares.
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