AEY - Earnings announcements

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

CARROLLTON, Texas, Aug. 11, 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 June 30, 2022, the third fiscal quarter of 2022. "Both our Wireless and Telco Segments delivered double-digit growth driving record revenues of $27.8 million and overall profitability for the Company of $875,000 of net income," commented Joe Hart, Chief Executive Officer. "The recent progress in both segments is encouraging, and we see continued cost optimization opportunities, particularly in our Wireless segment, driving further margin expansion as 5G demand continues

CARROLLTON, Texas, July 27, 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 June 30, 2022, on Thursday, August 11, 2022 after the markets close followed by a discussion of the financial results 5 p.m. Eastern. Date:Thursday, August 11, 2022Time:5 p.m. EasternToll-free Dial-in Number:1-800-289-0720International Dial-in Number:1-323-701-0160Conference ID:2999226 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 allo

Wireless Segment Revenue up 79%; Telco Revenue up 92% to Record Levels Benefits of Cost Reduction and Margin Expansion Initiatives to Benefit Second Half of Fiscal Year CARROLLTON, Texas, May 11, 2022 (GLOBE NEWSWIRE) --  ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported record financial results for the three and six months ended March 31, 2022, the second fiscal quarter of 2022. "We generated record revenue in both segments of our business, as our efforts to position Fulton as a key partner for 5G tower work led to rapid growth, and our Telco segment continues to benefit from supply chain challenges for new equipment and the gr

CARROLLTON, Texas, April 21, 2022 (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 March 31, 2022, on Thursday, May 12, 2022 before the markets open followed by a discussion of the financial results 9 a.m. Eastern. Date:Thursday, May 12, 2022Time:9 a.m. EasternToll-free Dial-in Number:1-800-289-0438International Dial-in Number:1-323-794-2423Conference ID:4551098 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 ext

CARROLLTON, Texas, Feb. 14, 2022 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported financial results for the three months ended December 31, 2021, the first fiscal quarter of 2022. "We have moved quickly to ramp capabilities to meet the growing demand for 5G-related tower work, as our wireless segment delivered its second consecutive quarter of revenue greater than $7 million, even with weather and holiday-related interruptions, and we anticipate further growth as we move through calendar 2022," commented Joe Hart, Chief Executive Officer. "The ramp up and entree into the new markets adversely effected margins

CARROLLTON, Texas, Feb. 03, 2022 (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 December 31, 2021, on Monday, February 14, 2022 after the close of the markets followed by a discussion of the financial results on Tuesday, February 15, 2022 at 10 a.m. Eastern. Date:Tuesday, February 15, 2022Time:10 a.m. EasternToll-free Dial-in Number:1-800-239-9838International Dial-in Number:1-323-794-2551Conference ID:9288889 The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's

CARROLLTON, Texas, Dec. 27, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported record revenues for the three and 12 months ended September 30, 2021. "As planned, 5G services activity is surging translating to revenue, as our Wireless segment grew 69% sequentially and 47% year-over-year in the fourth quarter, reaching $7.0 million," commented Joe Hart, Chief Executive Officer. "This growth is broad-based, representing contracts from several large carriers in various regions, reinforcing our confidence that the 5G buildout is now underway in earnest and ADDvantage Technologies is strategically well-positioned

CARROLLTON, Texas, Dec. 14, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today announced that it will release financial results for the 12+ month period ended September 30, 2021, on Monday, December 27, 2021, after the close of the markets followed by a discussion of the financial results on Tuesday, December 28, 2021 at 10 a.m. Eastern. Date:Tuesday, December 28, 2021Time:10 a.m. EasternToll-free Dial-in Number:1-866-548-4713International Dial-in Number:1-323-794-2093Conference ID:2339953 The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's webs

CARROLLTON, Texas, Aug. 12, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported its financial results for the three and nine month periods ended June 30, 2021. "The third fiscal quarter benefited from 65% higher revenue in our Telco segment, specifically from Nave Communications, an all-time high for Nave, as the ongoing chip and electronics supply chain issues for new technology drove higher demand for refurbished alternatives," commented Joe Hart, Chief Executive Officer. "The higher volumes have generally continued into the fourth fiscal quarter, but we anticipate a leveling off of demand at some point in

CARROLLTON, Texas, May 13, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ:AEY) ("ADDvantage Technologies" or the "Company") today reported its financial results for the three- and six-month periods ended March 31, 2021. "Late in the second fiscal quarter, we began to see a clear and significant ramp in the number of 5G and 4G site awards from multiple carriers with multiple awards in both existing and net new markets throughout the greater Midwest and Southwest regions," commented Joe Hart, Chief Executive Officer. "The awards were either for prepping for the 5G transformation by decommissioning and removing older technologies to make room for new 5G installations or

CARROLLTON, Texas, Feb. 11, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported its financial results for the three months ended December 31, 2020. “The first fiscal quarter was impacted by the typical seasonality in our wireless segment, as the winter weather, the holidays and the lack of specialty work impacted revenue and margins,” commented Joe Hart, Chief Executive Officer. “While revenue was down $1.2 million year over year, gross margins were improved and we generated the same $3.6 million in gross profit as in the prior year even at lower revenue levels, reflecting the improved operational efficienc

CARROLLTON, Texas, Dec. 16, 2020 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported its financial results for the three and twelve months ended September 30, 2020. ADDvantage’s Chief Executive Officer, Joe Hart, commented, “With 2020 being a challenging global business environment, ADDvantage Technologies group was identified as an ‘essential service’ as we provide critical infrastructure in building and supporting communications services. We have been resilient in our cost and cash management as we had significant hurdles to overcome in both our Telco and Wireless business during fiscal year 2020. These hurdle