ADDvantage Technologies Group Inc. (NASDAQ:AEY) Q1 2019 Earnings Conference Call Transcript

Feb 12, 2019 • 12:00 pm ET


ADDvantage Technologies Group Inc. (NASDAQ:AEY) Q1 2019 Earnings Conference Call Transcript


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Good day and welcome to the ADDvantage Technologies First Quarter 2019 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Elizabeth Barker of KCSA Strategic Communications. Please go ahead.

Elizabeth Barker

Thank you, operator. Before we begin today's call, I would like to remind you that this conference call may contain certain forward-looking statements which are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include among other things, statements regarding the future events such as the ability of ADDvantage Technologies and its subsidiaries to maintain strategic relationships and agreements with certain original equipment manufacturers and multiple system operators as well as the future financial performance of ADDvantage Technologies.

These statements involve a number of risks and uncertainties. Participants are cautioned that these forward-looking statements are only predictions and may materially differ from actual future events or results due to a variety of factors such as those contained in ADDvantage Technologies' most recent report on Form 10-K on file with the Securities and Exchange Commission.

Financial information presented on this conference call should be considered in conjunction with the consolidated financial statements and notes included in the Company's press release issued earlier today and included in ADDvantage Technologies' most recent report on Form 10-Q.

The guidance regarding anticipated future results on this call is based on limited information currently available on ADDvantage Technologies, which is subject to change. Although any such guidance and factors influencing it may change, ADDvantage Technologies will not necessarily update the information as the Company will only provide guidance at certain points during the year. Such information speaks only as of the date of this call.

During this call, we may also present certain non-GAAP financial measures such as non-GAAP net income and certain ratios that are used with these measures. In our press release and in the financial tables issued earlier today, which is located on our website at, you will find a reconciliation of these non-GAAP financial measures with the closest GAAP financials and a discussion about why we think these non-GAAP financial measures are relevant.

These financial measures are included for the benefit of investors and should be considered in addition to and not instead of GAAP measures.

With nothing further, I would now like to turn the call over to Joe Hart, President and Chief Executive Officer of ADDvantage Technologies. Joe, please go ahead.

Joe Hart

Thank you, Elizabeth. Welcome everyone to the ADDvantage Technologies Fiscal First Quarter 2019 Conference Call. With me today is Dave Chymiak, our Chief Technology Officer; Scott Francis, our Chief Financial Officer; and Don Kinison, is on by phone. Don was recently promoted from VP of Sales to President of the Telecommunications division, reflecting our increased focus on growing the Telco equipment segment.

While it has only been a few weeks since our last earnings call, we are pleased to report meaningful operational progress as we execute against our strategy to