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
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