ADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services electronics and hardware for the telecommunications industry in the United States, Canada, Central America, Asia, Europe, Mexico, South America, and internationally. The company operates through two segments, Wireless Infrastructure Services and Telecommunications. The Wireless Infrastructure Services segment provides turn-key wireless infrastructure services for U.S. wireless carriers, communication tower companies, national integrators, and original equipment manufacturers. This segment also offers installation, upgradation, and maintenance of technology on cell sites; and the construction of new small cells for 5G. The Telecommunications segment provides central office equipment that include optical transport, switching, and data center equipment for communication networks; customer premise equipment, such as integrated access devices, channel banks, Internet protocol private branch exchange phones, and routers; and decommissioning services for surplus and obsolete telecom equipment. The company was formerly known as ADDvantage Media Group, Inc. and changed its name to ADDvantage Technologies Group, Inc. in December 1999. ADDvantage Technologies Group, Inc. was incorporated in 1989 and is headquartered in Carrollton, Texas.
IPO Year:
Exchange: NASDAQ
Website: addvantagetechnologies.com
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CARROLLTON, Texas, Dec. 04, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that on December 1, 2023, it received a notification letter (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it had regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2) (the "Nasdaq Capital Market Minimum Bid Price Requirement"). On June 7, 2023, the Company had received a letter (the "Notice") from Nasdaq notifying the Company that, because the closing bid price for its common stock ha
CARROLLTON, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that on November 16, 2023, ADDvantage Technologies Group, Inc. effected a one-for-10 (1:10) reverse stock split of all issued and outstanding shares of the Company's common stock, par value $0.01 per share (the "Common Stock") effective as of 12:01 a.m. Eastern Time on November 16, 2023 (the "Reverse Stock Split"), vide a Certificate of Amendment to the Certificate of Incorporation of ADDvantage Technologies Group, Inc. (the "Certificate of Amendment") filed with the Secretary of State of Oklahoma on November 16, 2023, and deemed
CARROLLTON, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three and nine months ended September 30, 2023, the third quarter of 2023. "We have taken proactive steps to reduce our fixed costs by $2 million this year in response to industry-wide headwinds in both segments," commented Joe Hart, Chief Executive Officer. "Simultaneously, we are aggressively expanding our Fulton Technologies business into adjacent Broadband and Fixed Wireless construction and infrastructure markets where we can take advantage of established relationships, existing contracts and prov
CARROLLTON, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will effect a 1-for-10 reverse stock split of its common stock, $0.01 par value per share (the "Common Stock"), where every ten issued and outstanding shares of Common Stock will be converted into one share of Common Stock (the "Reverse Stock Split"). The Reverse Stock Split is expected to take effect as of 12:01 a.m., Eastern Time, on November 16, 2023 (the "Effective Time"). At the market open on November 16, 2023 (the first business day after the Effective Time), the Common Stock is expected to begin trading on a spl
CARROLLTON, Texas, Nov. 01, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the nine month period ended September 30, 2023, on Tuesday, November 14, 2023 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Tuesday, November 14, 2023Time:5 p.m. EasternToll-free Dial-in Number:1-844-826-3035International Dial-in Number:1-412-317-5195Conference ID:10184146Participants can also click this link to have an operator connect interested parties to the call using passcode: 6996978. The conference call will be available via webcas
CARROLLTON, Texas, Oct. 13, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that wholly owned subsidiary, Fulton Technologies ("Fulton") Inc., has executed new multi-year agreements with some of the largest optical communications OEMs in the United States. Under the new agreements, the Broadband division of Fulton Technologies is now authorized to provide fiber design, engineering, and construction services throughout the United States. Since announcing the expansion of Broadband services provided by Fulton at the end of June, the Company continues to work aggressively in serving the needs of carriers t
CARROLLTON, Texas, Sept. 11, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that wholly owned subsidiary, Fulton Technologies ("Fulton") Inc., has secured numerous new Broadband Division contracts and awards, resulting in $4 million of new backlog for the current fiscal year. Since announcing the expansion of Broadband services provided by Fulton at the end of June, the Company has experienced tremendous activity and interest in its expanded offering. The unique, customer-centric approach, technology platform (FultonFAST), and experience of the management team has led to these awards. Fulton is also ex
CARROLLTON, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three and six months ended June 30, 2023, the second quarter of 2023. Effective September 2022, the Company has changed its fiscal year end from September 30 to December 31, and this report reflects that adjustment. "Both segments of our business were impacted by macro-headwinds during the quarter," commented Joe Hart, Chief Executive Officer. "Orders for used and refurbished equipment in our Telco segment have been drastically reduced due to the overstocking done in 2022 by our customers and we have bee
CARROLLTON, Texas, July 26, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the six month period ended June 30, 2023, on Monday, August 14, 2023 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Monday, August 14, 2023Time:5 p.m. EasternToll-free Dial-in Number:1-877-407-9039International Dial-in Number:1-201-689-8470Conference ID:13740347Participants can also click this link to have an operator connect interested parties to the call. The conference call will be available via webcast and can be accessed through the
CARROLLTON, Texas, June 28, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that wholly owned subsidiary, Fulton Technologies ("Fulton") Inc., is expanding its operation and value-added services to the deployment of fiber broadband connectivity. The future of America depends on universal and reliable connectivity. With the enactment of the federal $1.2 trillion Infrastructure Investment and Jobs Act (IIJA), resources are becoming available to deploy broadband infrastructure to help close the digital divide. The IIJA provides the single largest one-time federal broadband investment in history with over $
CARROLLTON, Texas, Nov. 14, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three and nine months ended September 30, 2023, the third quarter of 2023. "We have taken proactive steps to reduce our fixed costs by $2 million this year in response to industry-wide headwinds in both segments," commented Joe Hart, Chief Executive Officer. "Simultaneously, we are aggressively expanding our Fulton Technologies business into adjacent Broadband and Fixed Wireless construction and infrastructure markets where we can take advantage of established relationships, existing contracts and prov
CARROLLTON, Texas, Nov. 01, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the nine month period ended September 30, 2023, on Tuesday, November 14, 2023 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Tuesday, November 14, 2023Time:5 p.m. EasternToll-free Dial-in Number:1-844-826-3035International Dial-in Number:1-412-317-5195Conference ID:10184146Participants can also click this link to have an operator connect interested parties to the call using passcode: 6996978. The conference call will be available via webcas
CARROLLTON, Texas, Aug. 14, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three and six months ended June 30, 2023, the second quarter of 2023. Effective September 2022, the Company has changed its fiscal year end from September 30 to December 31, and this report reflects that adjustment. "Both segments of our business were impacted by macro-headwinds during the quarter," commented Joe Hart, Chief Executive Officer. "Orders for used and refurbished equipment in our Telco segment have been drastically reduced due to the overstocking done in 2022 by our customers and we have bee
CARROLLTON, Texas, July 26, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the six month period ended June 30, 2023, on Monday, August 14, 2023 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Monday, August 14, 2023Time:5 p.m. EasternToll-free Dial-in Number:1-877-407-9039International Dial-in Number:1-201-689-8470Conference ID:13740347Participants can also click this link to have an operator connect interested parties to the call. The conference call will be available via webcast and can be accessed through the
CARROLLTON, Texas, May 15, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three months ended March 31, 2023, the first quarter of 2023. The Company has changed its fiscal year end from September 30 to December 31, and this report reflects that adjustment. "In our wireless segment, weather-related delays impacted results but we continue to win new business and we have barely scratched the surface of the total near-term opportunity," commented Joe Hart, Chief Executive Officer. "Subsequent to the end of the quarter, Brian Davidson, a strategic sales and marketing executive and th
CARROLLTON, Texas, May 02, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the three month period ended March 31, 2023, on Monday, May 15, 2023 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Monday, May 15, 2023Time:5 p.m. EasternToll-free Dial-in Number:1-877-407-9039International Dial-in Number:1-201-689-8470Conference ID:13738576 The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's website, www.addvantagetechnologies.com. Please allow extra
CARROLLTON, Texas, March 21, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three and 12 months ended December 31, 2022, the fourth quarter of 2022. The Company has changed its fiscal year end from September 30 to December 31 and the current fiscal year runs from January 1, 2022 through December 31, 2022 (fiscal 2022). "This was a milestone year for ADDvantage Technologies, as we grew both our segments and delivered full-year positive net income, even with a challenging fourth quarter impacted by weather and economic headwinds," commented Joe Hart, Chief Executive Officer. "Our
CARROLLTON, Texas, Feb. 15, 2023 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the three and twelve-month periods ended December 31, 2022, on Tuesday, March 21, 2023 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Tuesday, March 21, 2023Time:5 p.m. EasternToll-free Dial-in Number:1-877-407-9039International Dial-in Number:1-201-689-8470Conference ID:13736536 The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's website, www.addvantagetechnologies.
CARROLLTON, Texas, Nov. 14, 2022 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported record financial results for the three and nine months ended September 30, 2022, the third quarter of 2022. The Company has changed its fiscal year end from September 30 to December 31, and this report reflects that adjustment with fiscal year-to-date periods of January 1 to September 30. "Continued double-digit revenue growth, strong demand for our solutions on both sides of our business, and the benefit of cost reduction and margin enhancement initiatives drove record net income for ADDvantage Technologies," commented Joe Hart,
CARROLLTON, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the nine month period ended September 30, 2022, on Monday, November 14, 2022 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Monday, November 14, 2022Time:5 p.m. EasternToll-free Dial-in Number:1-800-239-9838International Dial-in Number:1-323-794-2551Conference ID:5532960 The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's website, www.addvantagetechnologies.com. Please
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8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
10-Q - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)
8-K - ADDVANTAGE TECHNOLOGIES GROUP INC (0000874292) (Filer)