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
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
15 May 23
8-K
Results of Operations and Financial Condition
15 May 23
8-K
Results of Operations and Financial Condition
2 May 23
8-K
ADDvantage Technologies Names Brian Davidson Chief Revenue Officer
1 May 23
D
$3.00 mm in equity / debt / options, sold $3.00 mm, 1 investor
18 Apr 23
8-K
Entry into a Material Definitive Agreement
13 Apr 23
10-K
2022 FY
Annual report
21 Mar 23
8-K
Results of Operations and Financial Condition
21 Mar 23
8-K
Results of Operations and Financial Condition
15 Feb 23
8-K
ADDvantage Technologies Names Jerry D. (JD) Jones President of Wireless Services
14 Feb 23
Transcripts
AEY
Earnings call transcript
2023 Q1
15 May 23
AEY
Earnings call transcript
2022 Q4
21 Mar 23
AEY
Earnings call transcript
2022 Q3
15 Nov 22
AEY
Earnings call transcript
2022 Q3
12 Aug 22
AEY
Earnings call transcript
2022 Q2
12 May 22
AEY
Earnings call transcript
2022 Q1
15 Feb 22
AEY
Earnings call transcript
2021 Q4
28 Dec 21
AEY
Earnings call transcript
2021 Q3
13 Aug 21
AEY
Earnings call transcript
2021 Q2
14 May 21
AEY
Earnings call transcript
2021 Q1
12 Feb 21
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Sep 21 | Sep 20 | Sep 19 | |
|---|---|---|---|---|---|
| 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) | 4.03 mm | 4.03 mm | 4.03 mm | 4.03 mm | 4.03 mm | 4.03 mm |
| Cash burn (monthly) | (no burn) | 151.50 k | 916.00 k | 24.67 k | (no burn) | 176.42 k |
| Cash used (since last report) | n/a | 344.40 k | 2.08 mm | 56.07 k | n/a | 401.04 k |
| Cash remaining | n/a | 3.68 mm | 1.95 mm | 3.97 mm | n/a | 3.63 mm |
| Runway (months of cash) | n/a | 24.3 | 2.1 | 161.0 | n/a | 20.6 |
Institutional ownership, Q4 2022
8.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 19 |
| Opened positions | 6 |
| Closed positions | 1 |
| Increased positions | 6 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 699.07 mm |
| Total shares | 1.25 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Kershner Trading Americas,LLC | 504.02 k | $0.00 |
| Vanguard | 192.84 k | $279.62 mm |
| Renaissance Technologies | 125.90 k | $183.00 k |
| Dimensional Fund Advisors | 105.36 k | $152.00 k |
| Creative Planning | 70.63 k | $102.41 mm |
| Caldwell Sutter Capital | 67.98 k | $98.57 mm |
| Citadel Advisors | 61.25 k | $88.81 mm |
| Two Sigma Investments | 29.32 k | $42.51 mm |
| STT State Street | 27.21 k | $39.45 mm |
| Geode Capital Management | 21.16 k | $30.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 May 23 | Brian Neal Davidson | Common Stock | Grant | Acquire A | No | No | 0.94 | 65,000 | 61.10 k | 65,000 |
| 22 Mar 23 | Jerry Don Jones | Common Stock | Grant | Acquire A | No | No | 1.16 | 65,000 | 75.40 k | 65,000 |
| 22 Mar 23 | Michael A Rutledge | Common Stock | Grant | Acquire A | No | No | 1.16 | 86,200 | 99.99 k | 179,057 |
| 22 Mar 23 | Joseph Hart | Common Stock | Grant | Acquire A | No | No | 1.16 | 144,800 | 167.97 k | 610,922 |
| 22 Mar 23 | Joseph Hart | Common Stock | Grant | Acquire A | No | No | 1.16 | 45,000 | 52.20 k | 466,122 |
| 22 Mar 23 | Joseph Hart | Common Stock | Grant | Acquire A | No | No | 1.16 | 225,000 | 261.00 k | 421,122 |
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