ADDvantage Technologies Group, Inc. (NASDAQ:AEY) Q3 2023 Earnings Call Transcript

ADDvantage Technologies Group, Inc. (NASDAQ:AEY) Q3 2023 Earnings Call Transcript November 17, 2023

Operator: Good afternoon and welcome to the ADDvantage Technologies Group Fiscal 2023 Third Quarter Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Brett Maas with Hayden IR. Please go ahead.

Brett Maas: Thank you, operator. We are joined today by Joe Hart, President and CEO as well as Michael Rutledge, the company's Chief Financial Officer. 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 future events, such as the ability of ADDvantage Technologies and its subsidiaries to maintain strategic relationships and agreements with certain original recruitment manufacturers and multiple system operators as well as future financial performance of ADDvantage Technologies.

These statements involve a number of risks and uncertainties. The participants are cautioned that these forward-looking statements are only predictions and may materially differ from actual future events and 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 including ADDvantage Technologies most recent report on Form 10-K. The guidance regarding anticipated future results on this call is based on limited information currently available on ADDvantage Technologies, which is subject to change.

A close up of a computer server rack powering the backbone of a wireless infrastructure.

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 addvantagetechnologies.com, you will find a reconciliation of these non-GAAP financial measures with the closest GAAP financials and a discussion as well about 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'd like to now turn the call over to Joe Hart, President and Chief Executive Officer of ADDvantage Technologies. Joe, please go ahead.

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