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
Website
CEO
Joseph E. Hart
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ADDVANTAGE MEDIA GROUP INC /OK
SEC CIK
Corporate docs
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
Financial summary
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Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
3.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 16 |
Opened positions | 2 |
Closed positions | 1 |
Increased positions | 1 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 611K |
Total shares | 440.7K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Dimensional Fund Advisors | 110.27K | $153K |
Vanguard | 87.75K | $122K |
Bridgeway Capital Management | 75K | $104K |
Creative Planning | 70.63K | $98K |
Susquehanna International | 34.26K | $48K |
TFC Truist Financial | 21K | $29K |
Jane Street | 12.47K | $17K |
Geode Capital Management | 11.93K | $16K |
BLK Blackrock | 8.07K | $11K |
Tower Research Capital | 6.05K | $9K |
Financial report summary
?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
?Positive | ||
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Readability |
H.S. sophomore Avg
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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
Financial reports
Current reports
8-K
ADDvantage Technologies Reports 63% Revenue Increase to a Record of $27.8 million, Net Income of $875,000 for the Third Quarter of Fiscal 2022
11 Aug 22
8-K
Results of Operations and Financial Condition
27 Jul 22
8-K
Departure of Directors or Certain Officers
18 Jul 22
8-K
ADDvantage Technologies Reports Record Revenue of $23.8 Million for the Second Quarter of Fiscal 2022
11 May 22
8-K
Results of Operations and Financial Condition
21 Apr 22
8-K
ADDvantage Technologies Announces Leadership Changes in Telecommunications Segment
4 Apr 22
8-K
ADDvantage Technologies Further Expands Line of Credit in Anticipation of Accelerating Wireless Growth
22 Mar 22
8-K
Designed to Align Expenses with Growing 5-G Demand
17 Mar 22
8-K
Results of Operations and Financial Condition
14 Feb 22
8-K
Results of Operations and Financial Condition
3 Feb 22
Registration and prospectus
424B5
Prospectus supplement for primary offering
24 Apr 20
S-8
Registration of securities for employees
17 Apr 20
S-3/A
Shelf registration (amended)
22 Mar 20
S-8
Registration of securities for employees
26 Mar 15
25
Voluntary exchange delisting
5 Sep 07
8-A12B
Registration of securities on exchange
23 Aug 07
RW
Registration withdrawal request
11 Jun 07
S-3
Shelf registration
18 Mar 07
424B3
Prospectus supplement
6 Apr 05
Other
EFFECT
Notice of effectiveness
2 Apr 20
CORRESP
Correspondence with SEC
29 Mar 20
UPLOAD
Letter from SEC
10 Mar 20
UPLOAD
Letter from SEC
23 Mar 10
CORRESP
Correspondence with SEC
16 Mar 10
UPLOAD
Letter from SEC
3 Mar 10
UPLOAD
Letter from SEC
28 Jan 09
UPLOAD
Letter from SEC
28 Jan 09
UPLOAD
Letter from SEC
28 Jan 09
CORRESP
Correspondence with SEC
21 Jan 09
Ownership
4
ADDVANTAGE TECHNOLOGIES / MICHAEL A RUTLEDGE ownership change
16 Sep 21
3
ADDVANTAGE TECHNOLOGIES / MICHAEL A RUTLEDGE ownership change
16 Sep 21
3
ADDVANTAGE TECHNOLOGIES / MICHAEL G RAMKE ownership change
23 Jul 21
4
ADDVANTAGE TECHNOLOGIES / JIMMY R TAYLOR ownership change
19 May 21
4
ADDVANTAGE TECHNOLOGIES / JARROD M WATSON ownership change
2 Apr 21
4
ADDVANTAGE TECHNOLOGIES / Jim McGill ownership change
26 Feb 21
SC 13G/A
ADDVANTAGE TECHNOLOGIES / SATTERFIELD THOMAS A JR ownership change
11 Feb 21
4
ADDVANTAGE TECHNOLOGIES / KENNETH A CHYMIAK ownership change
26 Jan 21
4
ADDVANTAGE TECHNOLOGIES / SUSAN C CHYMIAK ownership change
26 Jan 21
4/A
ADDVANTAGE TECHNOLOGIES / Jim McGill ownership change
14 Dec 20
Transcripts
2022 Q2
Earnings call transcript
12 May 22
2022 Q1
Earnings call transcript
15 Feb 22
2021 Q4
Earnings call transcript
28 Dec 21
2021 Q3
Earnings call transcript
13 Aug 21
2021 Q2
Earnings call transcript
14 May 21
2021 Q1
Earnings call transcript
12 Feb 21
2020 Q4
Earnings call transcript
17 Dec 20
2020 Q3
Earnings call transcript
11 Aug 20
2020 Q2
Earnings call transcript
14 May 20
2020 Q1
Earnings call transcript
14 Feb 20
Reddit threads
Daily Discussion Thread - August 11th, 2022
11 Aug 22
Daily Discussion Thread - August 10th, 2022
10 Aug 22
Daily Discussion Thread - May 12th, 2022
12 May 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - February 14th, 2022
14 Feb 22
Daily Discussion Thread - February 11th, 2022
11 Feb 22
Daily Discussion Thread - December 27th, 2021
27 Dec 21
Daily Discussion Thread - December 24th, 2021
24 Dec 21
Daily Discussion Thread - December 15th, 2021
15 Dec 21
Daily Discussion Thread - December 14th, 2021
14 Dec 21