ADDvantage Technologies Group, Inc. Announces Financial Results for the Fiscal Third Quarter of 2019
ADDvantage Technologies Group, Inc. (AEY)
US:NASDAQ Investor Relations:
addvantagetechnologies.com/investor-relations/4544760689
Company Research
Source: GlobeNewswire
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
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News
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
AEY
Sec Filings
- 2/5/24 - Form 8-K
- 2/1/24 - Form 8-K
- AEY's page on the SEC website