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ADDvantage Technologies Reports Financial Results for the Third Quarter Fiscal 2021

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Thursday, August 12, 2021
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CARROLLTON, Texas, Aug. 12, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (ADDvantage Technologies or the Company) today reported its financial results for the three and nine month periods ended June30, 2021.

Key Points: 
  • CARROLLTON, Texas, Aug. 12, 2021 (GLOBE NEWSWIRE) -- ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (ADDvantage Technologies or the Company) today reported its financial results for the three and nine month periods ended June30, 2021.
  • We remain confident that the Wireless segment revenue in the second half of calendar 2021, the period encompassing our fourth fiscal quarter of this year and first fiscal quarter of next year, could gradually double the levels we reported in the first half of calendar 2021.
  • We already have purchase orders for fiscal year 2022 construction services that exceed the total value of our fiscal year 2021 total Wireless revenue.
  • During the first quarter, the Company renewed its revolving bank line of credit for one year to a maturity date of December 17, 2021.