ADDVANTAGE TECHNOLOGIES GROUP INC
Industrials · Wholesale-Durable Goods · OK · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $97.0M | $62.2M | $50.2M | $55.1M | $27.5M | $25.9M |
| Operating income | $1.5M | −$9.3M | −$18.5M | −$4.0M | −$3.8M | −$2.9M |
| Net income | $471,000 | −$6.5M | −$17.3M | −$5.3M | −$7.3M | −$98,116 |
| Total assets | $27.2M | $27.3M | $32.5M | $36.8M | $44.4M | $54.8M |
| Total liabilities | $15.2M | $16.9M | $17.6M | $7.4M | $9.9M | $13.1M |
| Equity | $12.0M | $10.4M | $14.9M | $29.4M | $34.5M | $41.7M |
| EPS (diluted) | $0.03 | $-0.52 | $-1.55 | $-0.51 | $-0.71 | $-0.01 |
| Shares out. | 14.1M | 12.7M | 12.0M | 10.4M | 10.3M | 10.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- 1.5%
- Net margin
- 0.5%
- Return on equity
- 3.9%
- Return on assets
- 1.7%
- Return on capital (ROCE)
- 10.6%
- Liabilities / assets
- 55.7%
- Debt / equity
- 1.26×
- Book value / share
- $0.85
- Revenue growth (YoY)
- 56.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- 4.27safe
- Accruals / assets
- −6.3%clean
- Beneish M-Score
- -3.18normal
- Piotroski F-Score
- 8/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Dec 31, 2002
- NT 10-Kmissed a reporting deadline ↗Jan 2, 2001
- NT 10-Kmissed a reporting deadline ↗Dec 30, 1999
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Rutledge Michael AOfficer — Chief Financial Officer | Jan 4, 2024 | J | 8,620 | $2.45 |
| Harden Timothy ScottDirector | Aug 25, 2023 | Buy | 2,500 | $0.38 |
| Mcgill JimDirector | Aug 22, 2023 | Buy | 25,000 | $0.37 |
| Mcgill JimDirector | Aug 18, 2023 | Buy | 25,000 | $0.41 |
| Mcgill JimDirector | Aug 16, 2023 | Buy | 25,000 | $0.42 |
| Davidson Brian NealOfficer — Chief Revenue Officer | May 1, 2023 | Grant | 65,000 | $0.94 |
| Chymiak David EDirector | Mar 22, 2023 | Grant | 8,824 | $1.16 |
| Hart JosephOfficer — President and CEO | Mar 22, 2023 | Grant | 225,000 | $1.16 |
| Rutledge Michael AOfficer — Chief Financial Officer | Mar 22, 2023 | Grant | 86,200 | $1.16 |
| Jones Jerry DonOfficer — President, Fulton Technologies | Mar 22, 2023 | Grant | 65,000 | $1.16 |
| Harden Timothy ScottDirector | Dec 30, 2022 | Grant | 29,412 | $1.70 |
| Sparkman DavidDirector | Dec 30, 2022 | Grant | 29,412 | $1.70 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard noticeFeb 5, 2024
- Bankruptcy or receivership · Debt acceleration / triggering event · Director / officer changeFeb 1, 2024
- Director / officer changeDec 29, 2023
- Entered a material agreement · New financial obligationDec 21, 2023
- Regulation FD disclosure · Other material eventDec 4, 2023
- Modified shareholder rights · Amended charter or bylaws · Other material eventNov 16, 2023
- Results of operations · Regulation FD disclosureNov 14, 2023
- Other material eventNov 9, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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