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0.0578034682080925 0.0578034682080925 0.0578034682080925 0.0127167630057804 0.0670520231213873 0.0694219653179191 0.0635838150289018 0.0635838150289018
Stock impact report

ADDvantage Technologies Group, Inc. Announces Financial Results for the Fiscal Third Quarter of 2019

Addvantage Techs Group, Inc (AEY)  More Company Research Source: GlobeNewswire
PDF BROKEN ARROW, Okla., Aug. 13, 2019 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) announced today its financial results for the three and nine month periods ended June 30, 2019. “Revenues for the third quarter of 2019 were $17.6 million, which was an increase of 129% as compared to the third quarter of 2018,” said Joe Hart, President and CEO. “We also reported positive Adjusted EBITDA of $0.4 million, compared with a loss of $0.3 million for the same period in 2018. This improvement in financial performance was driven by both the Wireless and Telco segments, reflecting our increased focus on these high-growth markets. A major accomplishment this quarter was the sale of the Cable TV segment, which closed on June 30. This major milestone significantly advances our growth strategy by providing us with additional funds to invest in solidifying and expanding our position in the telecommunications and wireless infr [Read more]
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