2023-08-14 16:42:36 ET
- ADDvantage Technologies press release ( NASDAQ: AEY ): Q2 GAAP EPS of -$0.20.
- Revenue of $12.1M (-56.5% Y/Y).
- Gross profit was $3.3 million, or 27% gross margin, compared to gross profit of $8.1 million, or 29% gross margin, for the same period last year.
- Cash and cash equivalents were $2.8 million as of June 30, 2023, compared to $2.6 million at December 31, 2022.
- As a result of continuing negative operating results, the Company is exploring obtaining other funding arrangements to supplement working capital.
For further details see:
ADDvantage Technologies GAAP EPS of -$0.20, revenue of $12.1M