Sign in

Private company

ADDVANTAGE TECHNOLOGIES GROUP INC

ADDVANTAGE TECHNOLOGIES GROUP INC is an American wholesale-durable goods company based in Carrollton.1

Last updated Oct 21, 2026.

Overview

  • IndustryWholesale-Durable Goods1
  • HeadquartersCarrollton, Texas1
  • Incorporated inOK2
  • Business address1430 Bradley Lane, Suite 196, Carrollton, Tx 750072
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

28.6%Gross margin3
1.5%Operating margin3
0.5%Net margin3
56.1%Revenue growth, 20223
3.9%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue71¢$69.2M
  • Selling, general and admin16¢$15.6M
  • Other costs12¢$11.6M
  • Interest0¢$176.0K
  • Income tax0¢$8.0K
  • Profit0¢$471.0K

Out of $97.0M in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Kept or used elsewhere100¢$2.2M

Out of $2.2M of cash from operations.3

Financial statements

Revenue4563$97.0M in 2022+151% since 2016
0$25.0M$50.0M$75.0M$100.0M2016: $38.7M$38.7M20162017: $48.7M$48.7M2017+26%2018: $47.4M$47.4M2018−3%2019: $55.1M$55.1M2019+16%2020: $50.2M$50.2M2020−9%2021: $62.2M$62.2M2021+24%2022: $97.0M$97.0M2022+56%
Gross profit47563$27.8M in 2022+123% since 2016
0$10.0M$20.0M$30.0M2016: $12.4M$12.4M20162017: $7.1M$7.1M2017−43%2018: $7.4M$7.4M2018+5%2019: $13.5M$13.5M2019+81%2020: $11.7M$11.7M2020−13%2021: $16.1M$16.1M2021+38%2022: $27.8M$27.8M2022+72%
Operating income47563$1.5M in 2022+330% since 2016
-$20.0M-$10.0M0$10.0M2016: $343.9K$343.9K20162017: -$2.9M-$2.9M20172018: -$3.8M-$3.8M2018+30%2019: -$4.0M-$4.0M2019+5%2020: -$18.5M-$18.5M2020+366%2021: -$9.3M-$9.3M2021−50%2022: $1.5M$1.5M2022
Net income47563$471.0K in 2022+60% since 2016
-$20.0M-$15.0M-$10.0M-$5.0M0$5.0M2016: $294.2K$294.2K20162017: -$98.1K-$98.1K20172018: -$7.3M-$7.3M2018+7360%2019: -$5.3M-$5.3M2019−28%2020: -$17.3M-$17.3M2020+227%2021: -$6.5M-$6.5M2021−62%2022: $471.0K$471.0K2022
Fiscal year2016201720182019202020212022
Revenue$38.7M4$48.7M4$47.4M4$55.1M5$50.2M6$62.2M3$97.0M3
Cost of revenue$26.2M4$18.8M7$20.1M7$41.7M5$38.5M6$46.0M3$69.2M3
Gross profit$12.4M4$7.1M7$7.4M7$13.5M5$11.7M6$16.1M3$27.8M3
Selling, general and admin$12.1M4$10.0M7$10.3M7$10.0M5$11.2M6$14.9M3$15.6M3
Operating income$343.9K4-$2.9M7-$3.8M7-$4.0M5-$18.5M6-$9.3M3$1.5M3
Interest$236.0K4$369.4K7$210.2K7$80.0K5$254.0K6$238.0K3$176.0K3
Income before tax$479.0K3
Income tax$179.0K4-$830.0K7$1.5M7-$13.0K5-$1.2M6-$53.0K3$8.0K3
Net income$294.2K4-$98.1K7-$7.3M7-$5.3M5-$17.3M6-$6.5M3$471.0K3
Earnings per share$0.034-$0.017-$0.717-$0.515-$1.556-$0.523$0.033
Earnings per share (diluted)$0.034-$0.017-$0.717-$0.515-$1.556-$0.523$0.033
Shares (weighted, basic)13.5M shares3
Shares (weighted, diluted)13.5M shares3

Compare ADDVANTAGE TECHNOLOGIES GROUP INC with another company

Corporate structure

ADDVANTAGE TECHNOLOGIES GROUP INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ADDVANTAGE TECHNOLOGIES GROUP INC

  • ADDVANTAGE TECHNOLOGIES GROUP INC Carrollton, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ADDVANTAGE TECHNOLOGIES GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$5.5M3 Dec 31, 2022$5.4M3 Dec 31, 2021+3.5%
Leasehold improvements$899.0K3 Dec 31, 2022$821.0K3 Dec 31, 2021+9.5%
Property and equipment, before depreciation$6.4M3 Dec 31, 2022$6.2M3 Dec 31, 2021+4.3%
Accumulated depreciation$3.1M3 Dec 31, 2022$2.6M3 Dec 31, 2021+19.5%
Property and equipment, net$3.4M3 Dec 31, 2022$3.6M3 Dec 31, 2021−6.4%
Finance-lease assets$2.2M3 Dec 31, 2022$2.3M3 Dec 31, 2021−4.6%
Operating-lease assets (leased space)$1.5M3 Dec 31, 2022$2.5M3 Dec 31, 2021−37.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.6M3 Dec 31, 2022$1.8M3 Dec 31, 2021+38.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$58.0K3 Dec 31, 2022$58.0K3 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$709.0K3 Dec 31, 2022$1.0M3 Dec 31, 2021−31.0%
Finite-lived intangibles, gross$5.3M3 Dec 31, 2022$5.3M3 Dec 31, 20210%
Accumulated amortization$4.6M3 Dec 31, 2022$4.2M3 Dec 31, 2021+7.5%
Finite-lived intangibles, net$709.0K3 Dec 31, 2022$1.0M3 Dec 31, 2021−31.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.6M3 Dec 31, 2022$5.7M3 Dec 31, 2021+69.2%

Leadership

Who has led ADDVANTAGE TECHNOLOGIES GROUP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth A. Chymiak2006–2012
  2. David Humphrey2012–2018
  3. Scott A. Francis2018
  4. Joseph Hart2018–2023

Chair

  1. David E. Chymiak2006–2013

President

  1. Kenneth A. Chymiak2006–2012
  2. David Humphrey2012–2018
  3. Joseph Hart2018–2023
  4. Colby Empey2019
  5. Donald Kinison Jr.2020
  6. Reginald Jaramillo2020

Chief financial officer

  1. Keefe Daniel E. O.2006–2008
  2. Scott A. Francis2008–2019
  3. Jarrod M. Watson2020
  4. Michael G. Ramke2021
  5. Michael A. Rutledge2021–2024

Chief operating officer

  1. Keefe Daniel E. O.2008–2009
2010201520202025
Board members and other officers (17)

Former names

  • ADDVANTAGE MEDIA GROUP INC /OKJul 10, 1996 to Jan 3, 20002

Timeline

  1. Feb 5, 20248-K Listing notice or transfer41
  2. Feb 1, 20248-K Bankruptcy or receivership; Debt or obligation accelerated; Executive or director change42
  3. Dec 29, 20238-K Executive or director change43
  4. Dec 21, 20238-K Entered a material agreement; New debt or obligation44
  5. Dec 4, 20238-K Regulation FD disclosure; Other events45
  6. Nov 16, 20238-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events46
  7. Nov 14, 20238-K Results of operations; Regulation FD disclosure47
  8. Nov 9, 20238-K Other events48
  9. Nov 1, 20238-K Results of operations; Regulation FD disclosure49
  10. Oct 12, 20238-K Executive or director change50
  11. Sep 25, 20238-K Shareholder vote51
  12. Sep 11, 20238-K Other events52
  13. Oct 15, 2018New chief executive Joseph Hart becomes CEO13
  14. Mar 30, 2018New chief executive Scott A. Francis becomes CEO12
  15. Apr 5, 2012New chief executive David Humphrey becomes CEO14
  16. Jan 6, 2006New chief executive Kenneth A. Chymiak becomes CEO15

Calendar

When it reported results

  1. Nov 14, 2023Reported quarterly or annual results47
  2. Nov 1, 2023Reported quarterly or annual results49
  3. Aug 14, 2023Reported quarterly or annual results53
  4. Jul 26, 2023Reported quarterly or annual results54
  5. May 15, 2023Reported quarterly or annual results55
  6. May 2, 2023Reported quarterly or annual results56
  7. Mar 21, 2023Reported quarterly or annual results57
  8. Feb 15, 2023Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

82 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 42 major events, 21 insider forms, 2 large holders, 1 private raises, 5 other. The latest 20:

  1. Mar 21, 202425-NSE EDGAR
  2. Feb 5, 20248-K EDGAR
  3. Feb 1, 20248-K EDGAR
  4. Jan 5, 20244 EDGAR
  5. Dec 29, 20238-K EDGAR
  6. Dec 21, 20238-K EDGAR
  7. Dec 4, 20238-K EDGAR
  8. Nov 16, 20238-K EDGAR
  9. Nov 14, 202310-Q EDGAR
  10. Nov 14, 20238-K EDGAR
  11. Nov 9, 20238-K EDGAR
  12. Nov 1, 20238-K EDGAR
  13. Oct 12, 20238-K EDGAR
  14. Sep 25, 20238-K EDGAR
  15. Sep 11, 20238-K EDGAR
  16. Aug 28, 20234 EDGAR
  17. Aug 23, 20234 EDGAR
  18. Aug 21, 20234 EDGAR
  19. Aug 17, 20234 EDGAR
  20. Aug 14, 202310-Q EDGAR

The 82 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 25, 2023HARDEN TIMOTHY SCOTTDirectorBuy2,500$0.38$950Form 4
Aug 22, 2023McGill JimDirectorBuy25,000$0.37$9.2KForm 4
Aug 18, 2023McGill JimDirectorBuy25,000$0.41$10.2KForm 4
Aug 16, 2023McGill JimDirectorBuy25,000$0.42$10.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$5.9M 2020–2023
Money received by yearMoney received by year, 2020–2023: $5.9M in all. Private raises (Form D) $3.0M; PPP loans $2.9M.$0$1M$2M$3M2020 · PPP loans: $2.9M2020202120222023 · Private raises (Form D): $3.0M2023
Figures by year
YearPrivate raises (Form D)PPP loansTotal
2023$3.0M–$3.0M
2020–$2.9M$2.9M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 7, 2023Raised $3 million in a private offering of securities60 Form D: 1 investor so far Form D

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA61. Matched to this company by name and state.

  1. Apr 6, 2020$2.9M PPP loan (first draw) from Vast Bank, National Association61To ADDVANTAGE TECHNOLOGIES GROUP, INC., Carrollton TX; $3.0M forgiven Aug 24, 2021

SEC filer profile

How ADDVANTAGE TECHNOLOGIES GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARADDVANTAGE TECHNOLOGIES GROUP INC1
  • CIK0000874292
  • Employer ID (EIN)73-13516101
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inOklahoma1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5000 Wholesale-Durable Goods1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address1430 Bradley Lane, Suite 196, Carrollton, TX 750071
  • Phone(918) 251-91211
  • Shares outstanding14,947,078 as of Nov 9, 20239
  • Public float$12.1M as of Jun 30, 20223
  • On EDGAR sinceMay 13, 19961
  • Filings888 in all: 8-K (299), 4 (276), 10-Q (61), DEF 14A (31), SC 13D/A (25), 10QSB (23), 4/A (22), 3 (21)1
    All 44 form types

    10-K (19), SC 13G/A (17), 8-K/A (9), 10KSB (8), 10-K/A (6), UPLOAD (6), 5 (5), S-8 (5), 10KSB/A (4), 10QSB/A (4), CORRESP (4), POS AM (4), S-3 (4), SC 13G (4), NT 10-K (3), PRE 14A (3), SC 13D (3), 424B3 (2), 8-A12B (2), DEFA14A (2), 10-QT (1), 25 (1), 25-NSE (1), 424B5 (1), CERTAMX (1), CERTNAS (1), D (1), DEF 14C (1), DEFM14A (1), DEFR14A (1), EFFECT (1), PRE 14C (1), PREM14A (1), RW (1), S-3/A (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Mar 21, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Aug 10, 2023
    Latest 8-K (8-K) Feb 5, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
    SEC EDGAROther events
  49. 49
  50. 50
  51. 51
  52. 52
    SEC EDGAROther events
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61