ADDvantage Technologies Group, Inc. (AEY) Financial Statements (2024 and earlier)

Company Profile

Business Address 1430 BRADLEY LANE
CARROLLTON, TX 75007
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 50 - Wholesale Trade-durable Goods (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5522,6088,2651,2423,1293,973
Cash and cash equivalents2,5522,6088,2651,2423,1293,973
Receivables1,7847,0136,6516,2484,5805,814
Inventory, net of allowances, customer advances and progress billings9,5635,9225,7567,62618,88822,334
Inventory9,5635,9225,7567,62618,88822,334
Prepaid expense    544265298
Contract with customer, asset, after allowance for credit loss5,0052,4885902,691 
Asset, held-for-sale, not part of disposal group     3,667 
Other current assets    262  
Other undisclosed current assets2,5001,765992352  
Total current assets:21,40419,79622,25418,96530,52832,419
Noncurrent Assets
Operating lease, right-of-use asset1,5402,7303,758 
Property, plant and equipment3,3843,4932,6341,8312,0186,021
Long-term investments and receivables   2,3754,9754999
Long-term investments     4999
Accounts and financing receivable, after allowance for credit loss   2,3754,975  
Intangible assets, net (including goodwill)7671,1651,48310,88111,66514,518
Goodwill5858584,8784,8205,970
Intangible assets, net (excluding goodwill)7091,1071,4256,0036,8448,547
Other noncurrent assets123128179176134139
Other undisclosed noncurrent assets      1,653
Total noncurrent assets:5,8147,51610,42917,86313,86622,429
TOTAL ASSETS:27,21827,31232,68336,82844,39554,848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,8528,6254,9716,3485,8074,799
Accounts payable9,4077,0443,4724,7314,6573,393
Accrued liabilities1,4451,5811,4991,6181,1501,407
Deferred revenue14816811397
Debt6362,6324,794 2,5944,190
Other liabilities44269241758664664
Other undisclosed current liabilities1,2041,1981,275   
Total current liabilities:13,28213,31511,1947,2049,0669,653
Noncurrent Liabilities
Long-term debt and lease obligation1,2543,5706,541  2,094
Long-term debt, excluding current maturities   2,440  2,094
Finance lease, liability1,2541,429791 
Liabilities, other than long-term debt635 151788021,402
Other liabilities   151788021,402
Operating lease, liability6352,1413,310 
Other undisclosed noncurrent liabilities  (2,141)    
Total noncurrent liabilities:1,8893,5706,5561788023,496
Total liabilities:15,17116,88517,7507,3829,86713,149
Equity
Equity, attributable to parent, including:12,04710,42714,93329,44734,52741,698
Common stock141126118109108107
Treasury stock, value    (1,000)(1,000)(1,000)
Additional paid in capital2,585(578)   (4,746)
Retained earnings9,32110,87917,38234,71540,01847,337
Other undisclosed equity, attributable to parent   (2,567)(4,377)(4,598) 
Total equity:12,04710,42714,93329,44734,52741,698
TOTAL LIABILITIES AND EQUITY:27,21827,31232,68336,82844,39554,848

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues97,02862,16050,18255,11847,41448,714
Revenue, net48,714
Cost of revenue
(Cost of Goods and Services Sold)
(69,239)(46,033)(38,502)(46,026)(36,191)(33,903)
Gross profit:27,78916,12711,6809,09311,22314,811
Operating expenses(15,233)(14,867)(19,942)(13,069)(16,416)(14,665)
Other undisclosed operating loss(11,079)(10,557)(10,268)   
Operating income (loss):1,477(9,297)(18,530)(3,976)(5,193)146
Nonoperating income (expense)(998)2,742161(72)(490)(390)
Investment income, nonoperating   32196  
Other nonoperating income (expense)(998)2,742(160)(224)  
Interest and debt expense(176)2,955(254)(80)(232)(390)
Income (loss) from continuing operations before equity method investments, income taxes:303(3,600)(18,623)(4,128)(5,916)(634)
Income from equity method investments   41   
Other undisclosed income (loss) from continuing operations before income taxes176(2,955) 80232390
Income (loss) from continuing operations before income taxes:479(6,555)(18,582)(4,048)(5,684)(244)
Income tax expense (benefit)(8)531,24913(1,636)146
Other undisclosed loss from continuing operations      
Income (loss) from continuing operations:471(6,502)(17,333)(4,035)(7,320)(98)
Loss before gain (loss) on sale of properties:(6,502)(17,333)(5,302)(7,320)(98)
Loss from discontinued operations    (1,267)  
Net income (loss) available to common stockholders, diluted:471(6,502)(17,333)(5,302)(7,320)(98)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net income (loss):471(6,502)(17,333)(5,302)(7,320)(98)
Comprehensive income (loss), net of tax, attributable to parent:471(6,502)(17,333)(5,302)(7,320)(98)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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