XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT

XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT

XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT

XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Addvantage Technologies Group

Announcement: AEY 10-Q Quarterly Report

Form 8-K - Current report - Item 2.02 Item 7.01 Item 9.01

Announcement: AEY 8-K Special Filing

ADDvantage Technologies Group, Inc. (NASDAQ: AEY) has announced the release of its financial results for the three-month period ending March 31, 2023, on May 15, 2023, after the markets close, followed by a discussion of those results at 5:00 p.m. Eastern Time. The conference call will be available via webcast through the Investor Relations section of ADDvantage's website. The company is a communications infrastructure services and equipment provider that operates through its Wireless Infrastructure Services and Telecommunications segments. Through its Wireless segment, Fulton Technologies provides turn-key wireless infrastructure services, and 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. ADDvantage Technologies Group, Inc. operates through its subsidiaries, Fulton Technologies, Nave Communications, and Triton Datacom. Investors in the telecommunications industry should keep an eye on the company's financial results to evaluate its financial performance and growth prospects.

$AEY Reports Q1 2023 Financial Results and Schedules Conference Call for May 15th, 2023: Communications Provider's Performance to Be Evaluated by Investors in the Telecommunications Industry.

Form 8-K - Current report - Item 5.02 Item 8.01 Item 9.01

Form 8-K - Current report - Item 1.01 Item 9.01

PART 1: Performance Analysis

Addvantage Technologies Group Inc has achieved impressive results in both of its reportable segments during the fiscal year ending December 31st, 2022. The company’s consolidated sales increased by 56% YoY to reach $97 million, which is an increase of $34.8 million from last year. The telco segment of the company experienced a revenue increase of $24.7 million, mainly due to increased demand for refurbished network equipment as a result of the global chip shortage, while the wireless segment saw an increase of $10.1 million due to the 5G network rollout. The overall growth of the company's revenue can be attributed to the expanded sales channels and streamlined internal systems, which allowed Addvantage Technologies Group to capture additional market share and develop new customers.

In terms of operating expenses, the company reported $9.8 million in consolidated operating expenses, which is an increase from the $9.3 million reported last year. The increase can be tied primarily to the company’s investment in the regional growth strategy to meet the demand of customers in the wireless segment. However, the cost control measures instituted during the latter part of the first quarter and continuing throughout the year partially offset these expenses. Despite the increase in operating expenses, the company's gross profit increased by $11.6 million to $27.8 million in 2022 from $16.1 million in 2021.

In summary, Addvantage Technologies Group has delivered an excellent performance during the fiscal year ending December 31st, 2022, with substantial revenue growth and impressive cost control measures that boosted operating profit. The company's investment in its regional growth strategy has helped cater to the demand of customers in the wireless segment, made possible through its streamlined internal systems.

PART 2: Forward-Looking Analysis

Addvantage Technologies Group is well-positioned to capitalize on the opportunities created by the expansion of 5G networks and global chip shortage, which sustained demand for their wireless and refurbished equipment. The company’s aim is to solidify its processes and project oversight to take advantage of new growth opportunities as the rollout of 5G becomes essential. The robust financial performance can be traced back to the integration of a focused sales and procurement team at both Nave and Triton subsidiaries. These personnel focused on providing support for both wireless and optical network carriers to support both wireless and broadband connectivity.

The telecommunications industry represents highly competitive markets primed for consolidation, the firm’s Nave business, and Triton brings the benefit of brand recognition and robust market position. In August of 2022, the company acquired TVC Communications, a subsidiary of Wesco International, a provider of communications solutions. This strategic acquisition contributed to the company's strategy of growth and expansion into other geographies and diversified revenue streams. Addvantage Technologies Group intends to leverage its breadth of knowledge and capabilities, combined with strategic acquisitions to position the firm as the vendor of choice.

In conclusion, Addvantage Technologies Group's management is anticipating a positive outlook for 2023, with benefits from both their Wireless and Telco segments, which have proven resilient. The company is poised for further growth and expansion, with the potential for future earnings from strategically focused acquisitions, making Addvantage Technologies Group an attractive option for investor's portfolios.

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

Announcement: AEY 10-Q Quarterly Report

Announcement: AEY 10-Q Quarterly Report

Announcement: AEY 8-K Special Filing

Announcement: AEY 8-K Special Filing

$AEY Reports Q1 2023 Financial Results and Schedules Conference Call for May 15th, 2023: Communications Provider's Performance to Be Evaluated by Investors in the Telecommunications Industry.

$AEY Reports Q1 2023 Financial Results and Schedules Conference Call for May 15th, 2023: Communications Provider's Performance to Be Evaluated by Investors in the Telecommunications Industry.

Announcement: AEY 8-K Special Filing

Announcement: AEY 8-K Special Filing

Announcement: AEY 8-K Special Filing

Announcement: AEY 8-K Special Filing

Addvantage Technologies: Strong revenue growth & expanded sales channels boost FY22 performance.

Addvantage Technologies: Strong revenue growth & expanded sales channels boost FY22 performance.