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Addvantage Technologies (AEY)

ADDvantage Technologies Group, Inc. is a communications infrastructure services and equipment provider operating a diversified group of companies through its Wireless Infrastructure Services and Telecommunications segments. Through its Wireless segment, Fulton Technologies provides turn-key wireless infrastructure services including the installation, modification and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners and major equipment manufacturers. Through its Telecommunications segment, Nave Communications and Triton Datacom sell equipment and hardware used to acquire, distribute, and protect the communications signals carried on fiber optic, coaxial cable and wireless distribution systems. The Telecommunications segment also offers repair services focused on telecommunication equipment and recycling surplus and related obsolete telecommunications equipment.

Company profile

Ticker
AEY
Exchange
CEO
Joseph E. Hart
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ADDVANTAGE MEDIA GROUP INC /OK
SEC CIK
Subsidiaries
Fulton Technologies, Inc. • Nave Communications Company • ADDvantage Triton, LLC ...
IRS number
731351610

AEY stock data

Calendar

11 Aug 22
12 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.94M 5.94M 5.94M 5.94M 5.94M 5.94M
Cash burn (monthly) (no burn) (no burn) (no burn) 376.08K (no burn) (no burn)
Cash used (since last report) n/a n/a n/a 538.1K n/a n/a
Cash remaining n/a n/a n/a 5.4M n/a n/a
Runway (months of cash) n/a n/a n/a 14.4 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Sep 21 Michael A Rutledge Common Stock Grant Acquire A No No 2.52 17,857 45K 92,857
7 Sep 21 Michael A Rutledge Common Stock Grant Acquire A No No 2.52 75,000 189K 75,000
17 May 21 Jimmy R Taylor Common Stock Grant Acquire A No No 2.45 10,000 24.5K 85,000
31 Mar 21 Jarrod M Watson Common Stock Sale back to company Dispose D No No 0 50,000 0 40,937
3.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 16 15 +6.7%
Opened positions 2 1 +100.0%
Closed positions 1 4 -75.0%
Increased positions 1 4 -75.0%
Reduced positions 3 2 +50.0%
13F shares Current Prev Q Change
Total value 611K 743K -17.8%
Total shares 440.7K 428.78K +2.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Dimensional Fund Advisors 110.27K $153K -4.7%
Vanguard 87.75K $122K 0.0%
Bridgeway Capital Management 75K $104K 0.0%
Creative Planning 70.63K $98K 0.0%
Susquehanna International 34.26K $48K NEW
TFC Truist Financial 21K $29K 0.0%
Jane Street 12.47K $17K NEW
Geode Capital Management 11.93K $16K 0.0%
BLK Blackrock 8.07K $11K +1.7%
Tower Research Capital 6.05K $9K -24.3%
Largest transactions Shares Bought/sold Change
Susquehanna International 34.26K +34.26K NEW
VIRT Virtu Financial 0 -27.6K EXIT
Jane Street 12.47K +12.47K NEW
Dimensional Fund Advisors 110.27K -5.4K -4.7%
Tower Research Capital 6.05K -1.95K -24.3%
BLK Blackrock 8.07K +135 +1.7%
BAC Bank Of America 1K -5 -0.5%
USB U.S. Bancorp. 250 0 0.0%
WFC Wells Fargo & Co. 38 0 0.0%
TFC Truist Financial 21K 0 0.0%

Financial report summary

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Management Discussion
  • Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • Certain statements in Management's Discussion and Analysis (“MD&A”), other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements generally are identified by the words “estimates,” “projects,” "anticipates," “believes,” “plans,” “intends,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. These statements are subject to a number of risks, uncertainties and developments beyond our control or foresight, including changes in the trends of the wireless infrastructure services industry, changes in the trends of the telecommunications industry, changes in our supplier agreements, technological developments, changes in the general economic environment, the potential impact of the novel strain of coronavirus (“COVID-19”) pandemic, the growth or formation of competitors, changes in governmental regulation or taxation, changes in our personnel and other such factors. Our actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in the forward-looking statements. We do not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events.
  • The Company reports its financial performance based on two external reporting segments: Wireless and Telecommunications.  These reportable segments are described below.

Content analysis

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Positive
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Readability
H.S. sophomore Avg
New words: absolute, accommodate, broadband, decline, earlier, elasticity, fuel, fueled, IP, mobilization, newer, optical, representing, strong
Removed: accounted, depending, driven, existing, funding, ranging, seek, substantially, timing