ADDvantage Technologies Reports 101% Increase in Fiscal 2019 Full-Year Revenue
ADDvantage Technologies Group, Inc. (AEY)
US:NASDAQ Investor Relations:
addvantagetechnologies.com/investor-relations/4544760689
Company Research
Source: GlobeNewswire
FARMERS BRANCH, Texas, Dec. 17, 2019 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported its financial results for the three- and 12-month periods ended September 30, 2019. Fiscal 2019 Full-Year Financial and Business Highlights Sales of $55.1 million, up 101% (excluding Cable Segment results in 2018)Results include $1.8 million in inventory-related and acquisition integration chargesExcluding these charges, the Company achieved its second consecutive quarter of positive Adjusted EBITDALoss from continuing operations narrowed $1.8 million to $4.0 millionExceptional growth in revenue and EBITDA of Nave CommunicationsCompleted the move into a new, larger and more efficient facility for Triton DatacomAcquired and integrated Fulton Technologies, enabling entry into the wireless communications services business, which is poised for significant growth with the advent of 5G technologyCompleted divestiture of C
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