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Addvantage Technologies Group Inc   (AEY)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $0.3600 $-0.24 -40.000%
Day's High: $0.5 Week Perf: -41.94 %
Day's Low: $ 0.32 30 Day Perf: -86.07 %
Volume (M): 1,028 52 Wk High: $ 3.88
Volume (M$): $ 370 52 Wk Avg: $1.05
Open: $0.50 52 Wk Low: $0.21



 Market Capitalization (Millions $) 5
 Shares Outstanding (Millions) 14
 Employees 178
 Revenues (TTM) (Millions $) 55
 Net Income (TTM) (Millions $) -9
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) 0

Addvantage Technologies Group Inc
The Company was incorporated under the laws of Oklahoma in September 1989 as “ADDvantage Media Group, Inc.” In December 1999, its name was changed to ADDvantage Technologies Group, Inc. Our headquarters are located in Broken Arrow, Oklahoma.

We (through our subsidiaries) distribute and service a comprehensive line of electronics and hardware for the cable television (“Cable TV”) and telecommunications industries. We also provide equipment repair services to cable operators. In addition, we offer our telecommunications customers decommissioning services for surplus and obsolete equipment, which we in turn process through our recycling services.

Several of our subsidiaries, through their long-standing relationships with the original equipment manufacturers (“OEMs”) and specialty repair facilities, have established themselves as value-added resellers (“VARs”). ADDvantage has a reseller agreement with Arris Solutions to sell cable television equipment in the United States. We are also one of only three distributors of Arris broadband products. We are a distributor of Cisco video products as a Cisco Premier Partner, which also allows us to sell Cisco’s IT related products. In addition, we are designated as an authorized third party Cisco repair center for select video products. Our subsidiaries also sell products from other OEMs including Alpha, Blonder-Tongue, RL Drake, Corning-Gilbert, Promax, Quintech, Standard and Triveni Digital.

In addition to offering a broad range of new products, we also sell surplus-new and refurbished equipment that we purchase in the market as a result of cable or telecommunications operator system upgrades or an overstock in their warehouses. We maintain one of the industrys largest inventories of new and used equipment, which allows us to expedite delivery of products to our customers. We also continually evaluate new product offerings in the broader telecommunications industry as technology in this industry evolves rapidly and will upgrade our product offerings for our customers in order to stay current with their technology platforms.

The Company reports its financial performance based on two reporting segments: Cable Television (“Cable TV”) and Telecommunications (“Telco”).

The Cable TV segment sells new, surplus and refurbished cable television equipment to cable television operators (called multiple system operators or “MSOs”) or other resellers that sell to these customers throughout North America, Central America, South America and, to a substantially lesser extent, other international regions that utilize the same technology. In addition, this segment also repairs cable television equipment for various companies.

The Telco segment provides quality new and used telecommunication networking equipment to its world-wide customer base of telecommunications providers and resellers by utilizing its inventory from a broad range of manufacturers as well as other supply channels. In addition, this segment offers its customers decommissioning services for surplus and obsolete equipment, which it in turn processes through its recycling program.

 



   Company Address: 1430 Bradley Lane, Suite 196 Carrollton 75007 TX
   Company Phone Number: 251-9121   Stock Exchange / Ticker: AEY
   


Customers Net Income grew by AEY's Customers Net Profit Margin grew to

77.07 %

13.17 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Addvantage Technologies Group Inc

Addvantage Technologies Group Inc Faces Dire Quarter, Raising Concerns Over Future Success



Addvantage Technologies Group Inc (AEY) recently released their financial results for the most recent fiscal period, revealing a disastrous performance. Revenue plummeted by a significant -62.05% to $9.84 million, and the shortfall per share increased to $-0.19 compared to the same quarter a year ago. These concerning figures raise questions about the company's ability to bounce back and thrive in the future.
Revenue Decline and Potential Impacts:
The third quarter of 2023 proved challenging for AEY as revenue deteriorated further, experiencing a -12.713% drop from the previous quarter, amounting to $11.27 million. This decline raises concerns about the company's sales performance and its ability to generate substantial revenue. It may indicate that AEY's products or services are struggling to attract customers or face increased competition within the wholesale sector.

Addvantage Technologies Group Inc

Addvantage Technologies Group Inc's Revenue Plummets and Ranking Deteriorates in Q1 2023, Reflecting Troubling Financial Period

Addvantage Technologies Group Inc, a company in the Services sector, experienced a decline in their revenue per employee on a trailing twelve month basis to $494,320. However, their employees remained productive and above the company average. The company has a total of 178 employees. Unfortunately, compared to their peers, employees of 134 other companies have achieved a higher revenue per employee than Addvantage Technologies Group Inc.
Additionally, the company's overall ranking has deteriorated compared to the forth quarter of 2022, falling to 134. For the fiscal span ending on March 31, 2023, the company has experienced an increase in their deficit per share, now at $-0.21 per share compared to $-0.11 a year ago. Furthermore, the company's revenue has declined by -38.045% to $14.72 million from $23.76 million in the comparable quarter a year ago. Sequentially, the revenue fell by -24.721% from $19.55 million. During the fiscal span ending on March 31, 2023, Addvantage Technologies Group Inc realized a net deficit of $-2.748 million, higher than $-1.394 million the year before.






 

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