ADDvantage Technologies Group Inc. (NASDAQ:AEY) Q2 2020 Earnings Conference Call - Final Transcript

May 14, 2020 • 04:30 pm ET


ADDvantage Technologies Group Inc. (NASDAQ:AEY) Q2 2020 Earnings Conference Call - Final Transcript


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Thank you for standing by. This is the conference operator. Welcome to the ADDvantage Technologies Second Quarter 2020 Earnings Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions].

I would now like to turn the conference over to Brett Maas of Hayden IR. Please go ahead.

Brett Maas

Thank you, operator. We are joined today by Joe Hart, President and CEO; Scott Francis, Chief Accounting Officer.

Before we begin today's call, I would like to remind everyone that this conference call may contain forward-looking statements, which are made subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements include, among other things, statements regarding future events, such as the ability of ADDvantage Technologies and its subsidiaries to maintain strategic relationships and agreements with certain original [Technical Issues] and multiple system operators as well as -- I'm sorry, 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 the actual future results or results due to varying factors such as those contained in ADDvantage Technologies' most recent report on Form 10-K and 10-Q 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 10-K and 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 are located on our website at, you will find a reconciliation of these non-GAAP financial measures with the closest GAAP financials, and a discussion as to why we believe 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.

I would like to now turn the call over to Joe Hart, President and Chief Executive Officer of ADDvantage Technologies. Joe, please go ahead.

Joe Hart

Thank you, Brett, and thank you, everyone, for joining us today.

I want to start by expressing my hope that everyone on the call is healthy and safe. The ADDvantage team are all calling in from their homes today, and we've been working remotely and managing the business by