| Business Summary | | ADDvantage
Technologies
Group
Inc.
is
principally
engaged
in
the
sale
and
repair
of
cable
television
(CATV)
equipment.
This
includes
new,
surplus
and
refurbished
equipment.
Customers
of
the
Company
include
cable
operators,
apartment
complexes,
universities
and
other
entities
that
distribute
broadband
signals.
The
Company
purchases
the
equipment
from
cable
operators
that
have
surplus
due
to
either
an
upgrade
in
their
systems
or
an
overstock
in
their
warehouse.
This
equipment
is
sold
both
refurbished
and
"as
is"
to
CATV
operators
throughout
North
America,
South
America,
Mexico
and
Pacific
Rim.
The
Company
supplies
virtually
any
type
of
electronic
equipment
a
cable
operator
would
use,
from
the
headend
(receiving
and
transmitting
site)
to
the
converter
box
at
the
customer's
home.
The
Company
also
is
a
large
stocking
distributor
for
new
equipment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ADDvantage
Technologies
Group,
Inc.
sells
and
repairs
cable
television
(CATV)
equipment
including
new,
surplus
and
refurbished
equipment.
For
the
six
months
ended
3/31/01,
revenues
fell
15%
to
$9.6
million.
Net
income
applicable
to
Common
fell
53%
to
$666
thousand.
Revenues
reflect
decreased
refurbished
equipment
sales.
Earnings
also
suffered
from
increases
in
product
costs
and
operating
expenses
as
a
percentage
of
revenues. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
7,551;
after
tax
earnings
were
744. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Chymiak, 55 Chairman | $157K | Kenneth Chymiak, 54 Pres,
CEO | 157K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|