Brief: Addvantage Technologies Reports 105% Increase In Revenue For First Quarter Of Fiscal 2020

ADDvantage Technologies

13/02/2020 21:59

Feb 13 (Reuters) - ADDvantage Technologies Group Inc
 AEY.O :
    * ADDVANTAGE TECHNOLOGIES REPORTS 105% INCREASE IN REVENUE
FOR
FIRST QUARTER OF FISCAL 2020
    * Q1 LOSS PER SHARE $0.17 FROM CONTINUING OPERATIONS
    * Q1 SALES ROSE 105 PERCENT TO $14 MILLION
    * DURING QUARTER, WE DID EXPERIENCE EXPECTED IMPACT OF
WEATHER AND
HOLIDAY SEASON
    * DURING QUARTER, WE DID EXPERIENCE UNEXPECTED GEOGRAPHIC
SHIFTS
IN CUSTOMER DEMAND AT FULTON
    * WEATHER IMPACT AT FULTON WILL CONTINUE IN SECOND FISCAL
QUARTER
    * SIMILAR TO LAST YEAR, WE EXPECT SIGNIFICANT TOP AND BOTTOM
LINE
IMPROVEMENTS IN SECOND HALF OF YEAR
    * Q1 WAS ALSO IMPACTED BY COSTS AND LOST REVENUE RELATED TO
RELOCATION OF TRITON

Source text for Eikon:  ID:nGNX9mMSjY 
Further company coverage:  AEY.O 

 ((Reuters.Briefs@thomsonreuters.com;))