Addvantage Technologies Group Inc (AEY) 10-K Annual Report December 2019

BROKEN ARROW, Oklahoma, December 2, 2019 – ADDvantage Technologies Group, Inc. (NASDAQ: AEY) announced today that it will release financial results for the three and 12-month periods ended September 30, 2019, on Tuesday, December 17th, after the close of the markets.

The Company will host a conference call on Tuesday, December 17th, at 4:30 p.m. Eastern Time featuring remarks by Joseph Hart, President and Chief Executive Officer, Kevin Brown, Chief Financial Officer, Colby Empey, President of the Wireless Services Division, Don Kinison, President of the Telecommunications Division, and Scott Francis, Chief Accounting Officer.

The conference call will be available via webcast and can be accessed through the Investor Relations section of ADDvantage's website, www.addvantagetechnologies.com. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the Internet broadcast. The dial-in number for the conference call is 1-800-239-9838 (domestic) or 1-323-794-2551 (international). All dial-in participants must use the following code to access the call: 7965894. Please call at least five minutes before the scheduled start time.

For interested individuals unable to join the conference call, a replay of the call will be available through December 31, 2019 at 1-844-512-2921 (domestic) or 1-412-317-6671 (international). Participants must use the following code to access the replay of the call: 7965894. An online archive of the webcast will be available on the Company's website for 30 days following the call.

About ADDvantage Technologies Group, Inc.

ADDvantage Technologies Group, Inc. (NASDAQ: AEY) is a communications infrastructure services and equipment provider operating a diversified group of companies. Through Fulton Technologies, the Company 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 Nave Communications and Triton Datacom subsidiaries, ADDvantage sells equipment and hardware used to acquire, distribute, and protect the communications signals carried on fiber optic, coaxial cable and wireless distribution systems. ADDvantage also offers repair services focused on telecommunication equipment and recycling surplus and related obsolete telecommunications equipment.

ADDvantage operates through its subsidiaries: Fulton Technologies, Nave Communications and Triton Datacom. For more information, please visit the corporate web site at www.addvantagetechnologies.com.

The following information was filed by Addvantage Technologies Group Inc (AEY) on Tuesday, December 3, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Addvantage Technologies Group Inc's 10-K Annual Report:

Revenue - Product Highlight
Although there is still much work to do at Fulton over the next several quarters, we believe that Fulton will continue to provide strong revenue growth and gradually improving margins.

Revenue - Product Highlight
We base our estimates and judgments on historical experience, current market conditions, and various other factors we believe to be reasonable under the circumstances, the results Inventory Valuation For our Telco segment, our position in the telecommunications industry requires us to carry relatively large inventory quantities relative to annual sales, but it also allows us to realize high overall gross profit margins on our sales.
Financial - Earnings Highlight
If actual market conditions differ from those projected by management, this could have a material impact on our gross margin and inventory balances based on additional write-downs to net realizable value or a benefit from inventories previously written down.
Other - Other Highlight
Although we do not anticipate a future impairment charge, certain events could occur that might adversely affect the reported value of goodwill.
M & A - Other Highlight
As part of the acquisition, we were able to hire and retain the majority of Fulton's existing employee base, and we continue to successfully recruit strong industry talent throughout the business to help us implement operational improvements with a focus on improving our quality and project margins.
Other - Other
This ASU requires entities to...Read more
Revenue - Product
Such events could include, but...Read more
Financial - Expense
Interest expense decreased $0.1 million...Read more
Financial - Expense
Interest expense decreased $0.2 million...Read more
Other - Other
The use of alternate judgments...Read more
Financial - Earnings
Our continued goal is to...Read more
Revenue - Product
In just our first nine...Read more
Revenue - Product
The proceeds from these sale...Read more
Financial - Cash Flow
Cash Flows Used in Financing...Read more
Other - Other
ASU 2016-13 is effective for...Read more
Financial - Cash Flow
Liquidity and Capital Resources Cash...Read more
Other - Other
Adjusted EBITDA is presented below...Read more
Other - Other
Adjusted EBITDA is presented below...Read more
Revenue - Product
The increase in sales resulted...Read more
Other - Other
Wireless Segment Operating Results Improvements...Read more
Other - Other
We are excited about John...Read more
Other - Other
Non-GAAP Financial Measure Adjusted EBITDA...Read more
Other - Other
Non-GAAP Financial Measure Adjusted EBITDA...Read more
Financial - Cash Flow
The cash flows from operations...Read more
Financial - Shares
The shareholders approved the sale...Read more
Revenue - Product
The increase in sales was...Read more
Revenue - Product
The increase in sales was...Read more
Financial - Expense
This decrease was due primarily...Read more
Revenue - Product
The increase in Telco equipment...Read more
Revenue - Product
The increase in Telco equipment...Read more
Financial - Income
The benefit for income taxes...Read more
Financial - Income
The provision for income taxes...Read more
Other - Other
The guidance is effective for...Read more
Other - Other
Intangibles Intangible assets that have...Read more
Revenue - Product
Therefore, as a result of...Read more
Other - Other
The effective tax rate for...Read more
Revenue - Product
The increase in recycling revenue...Read more
Other - Other
If our judgments and assumptions...Read more
Financial - Earnings
Consolidated gross profit increased $1.7...Read more
Revenue - Product
The added space will allow...Read more
Financial - Expense
Operating, selling, general and administrative...Read more
Financial - Expense
Operating, selling, general and administrative...Read more
Financial - Expense
Purchasing and receiving costs, inspection...Read more
Revenue - Product
We have also increased our...Read more
Revenue - Product
We have recently added new...Read more
Financial - Expense
A reconciliation by segment of...Read more
Revenue - Product
Significant judgments and assumptions including...Read more
Other - Other
Demand for tower equipment installation...Read more
Financial - Expense
In addition, the Telco segment...Read more
Financial - Expense
In addition, the Telco segment...Read more
Financial - Earnings
Gross profit decreased $0.3 million,...Read more
Other - Other
The facility has been designed...Read more
Financial - Expense
Operating, selling, general and administrative...Read more
Revenue - Product
Consolidated Consolidated sales increased $1.6...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Addvantage Technologies Group Inc provided additional information to their SEC Filing as exhibits

Exhibit 21.1: Listing Of Company Subsidiaries

Exhibit 23.1: Consent Of Hogantaylor Llp

Exhibit 31.1: Certification Of Ceo Pursuant To Section 302 Of The Sarbanes- Oxley Act Of 2002

Exhibit 31.2: Certification Of Cfo Pursuant To Section 302 Of The Sarbanes-Oxley Act Of 2002

Exhibit 32.1: Certification Of Ceo Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002

Exhibit 32.2: Certification Of Cfo Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002

Ticker: AEY
CIK: 874292
Form Type: 10-K Annual Report
Accession Number: 0001445260-19-000064
Submitted to the SEC: Tue Dec 17 2019 9:19:34 PM EST
Accepted by the SEC: Tue Dec 17 2019
Period: Monday, September 30, 2019
Industry: Wholesale Durable Goods

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Addvantage Technologies Group Inc (AEY) SEC Filing 10-K Annual report for the fiscal year ending Monday, September 30, 2019

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