Falls on lower Q4 revenue

ADDvantage Technologies

17/12/2020 12:56

** Shares of communications infrastructure services and
equipment provider  AEY.O  down 12.5% at $3.28 premarket
    ** Co, on Wednesday after bell, posted Q4 revenue of $12.2
mln compared with $17.9 mln a year earlier  urn:newsml:reuters.com:*:nGNX9RpxQw
    ** AEY says decrease in revenue is due to fall in wireless
segment business; adds selling and administrative expenses rose
23% to $3.2 mln due to investment in sales team for wireless
segment
    ** Co reports Q4 loss of 9 cents/share compared with loss of
15 cents/share a year earlier
    ** AEY shares up 52.44% this year, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))