ADDvantage Technologies surges as Q4 revenue rises on 5G boom

ADDvantage Technologies

27/12/2021 23:28

** Shares of wireless infrastructure services provider
 AEY.O  rise 15.8% to $2.13 after the bell 
    ** Co posts Q4 revenue of $19.7 mln, up 61% y/y  urn:newsml:reuters.com:*:nGNX16T7S9
    ** Co posts Q4 EPS of $0.05 
    ** Co's wireless segment revenue rises 47% y/y to $7 mln due
to increased 5G uptake
    ** "This growth is broad-based, representing contracts from
several large carriers in various regions" - CEO of AEY
    ** Up to last close, stock was down ~38% YTD

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))