ADDvantage Technologies Group, Inc. (AEY) financial statements (2022 and earlier)

Company profile

Business Address 1221 E. HOUSTON
BROKEN ARROW, OK 74012
State of Incorp. OK
Fiscal Year End September 30
SIC 50 - Wholesale Trade-durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,837 8,2651,2423,1293,973
Cash and cash equivalents1,837 8,2651,2423,1293,973
Receivables6,469 6,6516,2484,5805,814
Inventory, net of allowances, customer advances and progress billings5,653 5,7567,62618,88822,334
Inventory5,653 5,7567,62618,88822,334
Prepaid expense   544265298
Contract with customer, asset2,219 5902,691 
Assets held-for-sale, not part of disposal group    3,667 
Other current assets   262  
Other undisclosed current assets1,952 992352  
Total current assets:18,130 22,25418,96530,52832,419
Noncurrent Assets
Operating lease, right-of-use asset2,466 3,758 
Property, plant and equipment3,617 2,6341,8312,0186,021
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)1,085 1,48310,88111,66514,518
Goodwill58 584,8784,8205,970
Intangible assets, net (excluding goodwill)1,027 1,4256,0036,8448,547
Other noncurrent assets128 179176134139
Other undisclosed noncurrent assets     1,653
Total noncurrent assets:7,296 10,42917,86313,86622,429
TOTAL ASSETS:25,426 32,68336,82844,39554,848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,996 4,9716,3485,8074,799
Accounts payable6,812 3,4724,7314,6573,393
Accrued liabilities1,184 1,4991,6181,1501,407
Deferred revenue207 11397
Debt2,702 4,794 2,5944,190
Other liabilities706 41758664664
Other undisclosed current liabilities1,177 1,275   
Total current liabilities:12,788 11,1947,2049,0669,653
Noncurrent Liabilities
Long-term debt and lease obligation3,323 6,541  2,094
Long-term debt, excluding current maturities  2,440  2,094
Finance lease, liability1,484 791 
Operating lease, liability1,839 3,310 
Liabilities, other than long-term debt  151788021,402
Other liabilities  151788021,402
Other undisclosed noncurrent liabilities(1,839)     
Total noncurrent liabilities:3,323 6,5561788023,496
Total liabilities:16,111 17,7507,3829,86713,149
Stockholders' equity
Stockholders' equity attributable to parent, including:9,315 14,93329,44734,52741,698
Common stock130 118109108107
Treasury stock, value   (1,000)(1,000)(1,000)
Additional paid in capital335    (4,746)
Retained earnings8,850 17,38234,71540,01847,337
Other undisclosed stockholders' equity attributable to parent  (2,567)(4,377)(4,598) 
Total stockholders' equity:9,315 14,93329,44734,52741,698
TOTAL LIABILITIES AND EQUITY:25,426 32,68336,82844,39554,848

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues13,001 50,18255,11847,41448,714
Revenue, net48,714
Cost of revenue
(Cost of Goods and Services Sold)
(41,486) (38,502)(46,026)(36,191)(33,903)
Gross profit:13,948 11,6809,09311,22314,811
Operating expenses(11,009) (19,942)(13,069)(16,416)(14,665)
Other undisclosed operating loss(9,177) (10,268)   
Operating income (loss):(6,238) (18,530)(3,976)(5,193)146
Nonoperating income (expense)2,671 161(72)(490)(390)
Investment income, nonoperating34 32196  
Other nonoperating expense(161) (160)(224)  
Interest and debt expense3,010 (254)(80)(232)(390)
Loss from continuing operations before equity method investments, income taxes:(557) (18,623)(4,128)(5,916)(634)
Income from equity method investments  41   
Other undisclosed income (loss) from continuing operations before income taxes(3,010)  80232390
Loss from continuing operations before income taxes:(3,567) (18,582)(4,048)(5,684)(244)
Income tax expense (benefit)53 1,24913(1,636)146
Loss from continuing operations:(3,514) (17,333)(4,035)(7,320)(98)
Loss from discontinued operations   (1,267)  
Net loss available to common stockholders, diluted:(3,514) (17,333)(5,302)(7,320)(98)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net loss:(3,514) (17,333)(5,302)(7,320)(98)
Comprehensive loss, net of tax, attributable to parent:(3,514) (17,333)(5,302)(7,320)(98)

Statements sources

The financial statements are based on the company's filings with the 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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