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ADDvantage Technologies Group, Inc. - AEY STOCK NEWS

Welcome to our dedicated page for ADDvantage Technologies Group news (Ticker: AEY), a resource for investors and traders seeking the latest updates and insights on ADDvantage Technologies Group stock.

ADDvantage Technologies Group, Inc. (NASDAQ: AEY) delivers critical infrastructure solutions through its Wireless and Telecommunications segments, serving carriers and communities nationwide. This dedicated news hub provides stakeholders with essential updates on strategic developments, financial milestones, and market expansions.

Investors and industry observers will find curated press releases detailing AEY's infrastructure projects, including broadband expansion initiatives aligned with federal connectivity programs. The page tracks operational updates such as equipment supply chain developments, tower service innovations, and sustainability efforts in telecom equipment recycling.

Key content areas include partnership announcements like the Walker Technical Solutions collaboration, leadership updates such as the appointment of Chief Revenue Officer Brian Davidson, and financial strategies including Nasdaq compliance measures. All materials are sourced from official disclosures to ensure reliability.

Bookmark this page for efficient tracking of AEY's progress in bridging the digital divide through next-gen wireless solutions and rural broadband deployments. Visit regularly to stay informed about this evolving player in communications infrastructure.

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ADDvantage Technologies Group, Inc. (NASDAQ: AEY) has regained compliance with the minimum bid price requirement set forth in the Nasdaq Listing Rule 5550(a)(2) after receiving a notification letter from The Nasdaq Stock Market LLC. The company's common stock closed at $1.00 or greater for the prior 10 consecutive business days, from November 16, 2023, to November 30, 2023, leading to Nasdaq considering the matter closed.
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ADDvantage Technologies Group, Inc. (NASDAQ: AEY) announced a one-for-10 reverse stock split of all issued and outstanding shares of the Company’s common stock to comply with NASDAQ listing requirements. The split reduced the number of shares from 14,947,078 to 1,494,707, without changing the number of authorized shares. The split also affected warrants, stock options, and convertible securities, and the Common Stock started trading on a split-adjusted basis on the NASDAQ Capital Market on November 16, 2023.
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ADDvantage Technologies Group, Inc. (NASDAQ: AEY) reported financial results for the third quarter of 2023, highlighting a proactive $2 million reduction in fixed costs in response to industry-wide headwinds. The company is expanding its Fulton Technologies business into adjacent Broadband and Fixed Wireless markets, aiming for a more durable revenue stream. Despite a 60% decrease in third-quarter sales, the company has seen an increase in orders for Optical Transport equipment in the Telco Segment. However, net loss for the quarter was $2.7 million, and the company is exploring obtaining other funding arrangements to supplement working capital.
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ADDvantage Technologies Group, Inc. (NASDAQ: AEY) announced a 1-for-10 reverse stock split of its common stock, expected to take effect on November 16, 2023. The split will result in approximately 1,494,707 shares outstanding after approval by the company's Board of Directors. No fractional shares will be issued, and stockholders will receive cash in lieu of fractional shares. The trading symbol will remain unchanged, but the CUSIP number for the Company’s registered Common Stock will be changed to 006743 405.
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ADDvantage Technologies Group, Inc. will release financial results for the nine month period ended September 30, 2023, on November 14, 2023. The conference call to discuss the financial results will take place at 5 p.m. Eastern. Participants can join the call via dial-in or webcast. A replay of the conference call will be available until November 28, 2023.
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ADDvantage Technologies announces new multi-year agreements for broadband services
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ADDvantage Technologies' subsidiary, Fulton Technologies, secures new contracts and awards, resulting in $4 million of new backlog for the current fiscal year. The expansion of Broadband services has generated significant interest and activity. The company is executing contracts with major operators, carriers, and manufacturers. The enactment of the Infrastructure Investment and Jobs Act and the Rural Digital Operating Fund will positively impact the deployment of broadband infrastructure.
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ADDvantage Technologies Group, Inc.

Nasdaq:AEY

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Electronics & Computer Distribution
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United States
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