Addvantage Technologies Group

NASDAQ:AEY   3:03:29 PM EDT
1.33
-0.04 (-2.56%)
Earnings Announcements

Addvantage Technologies Announces Cost-Reduction Initiative, Designed To Align Expenses With Growing 5-G Demand

Published: 03/17/2022 13:47 GMT
Addvantage Technologies Group (AEY) - Addvantage Technologies Announces Cost-reduction Initiative, Designed to Align Expenses With Growing 5-g Demand.
Addvantage Technologies - Has Taken Action, Starting in March, to Reduce Annual Operating, General, Administrative Expenses for Fulton Technologies.
Addvantage Technologies - Expects Benefit of Cost-reduction Actions to Reduce Fixed Costs by About $2.4 Million on Annual Basis.
Addvantage Technologies - Reductions at Fulton Technologies Are About 60% Headcount-related and 40% External Overhead and Operating Expenses.