trending Market Intelligence /marketintelligence/en/news-insights/trending/0QNPD6zWaozjlYjrMS-_sw2 content esgSubNav
In This List

ADDvantage Technologies fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


ADDvantage Technologies fiscal Q1 profit falls YOY

ADDvantage Technologies Group Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to $18,120, a decline of 95.7% from $419,330 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 0.2% from 3.9% in the year-earlier period.

Total revenue declined 23.9% on an annual basis to $8.2 million from $10.8 million, and total operating expenses declined 19.1% from the prior-year period to $8.2 million from $10.1 million.

Reported net income decreased 94.0% on an annual basis to $23,990, or 0 cents per share, from $401,790, or 4 cents per share.