CARROLLTON, Texas, Dec. 16, 2020 (GLOBE NEWSWIRE) — ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today reported its financial results for the three and twelve months ended September 30, 2020.
ADDvantage’s Chief Executive Officer, Joe Hart, commented, “With 2020 being a challenging global business environment, ADDvantage Technologies group was identified as an ‘essential service’ as we provide critical infrastructure in building and supporting communications services. We have been resilient in our cost and cash management as we had significant hurdles to overcome in both our Telco and Wireless business during fiscal year 2020. These hurdles were primarily driven by the shift to remote work as offices shut down impacting our Telco business and closure of special outdoor event or large gathering events impacting our Wireless business.”
“During this business…