ADDvantage Technologies Reports Third Quarter Results

Broken Arrow-based ADDvantage Technologies Group, Inc., today announced financial results for its fiscal 2006 third quarter ended June 30, 2006.

Revenue for the third quarter of fiscal year 2006 increased 9% to $13.2 million from $12.1 million in the third quarter of 2005. During the quarter, gross profit was $4.2 million, or 32% of total revenue, consistent with $4.3 million, or 35% of total revenue, in the third quarter last year. Net income attributable to common stockholders in the third quarter of 2006 was $1.1 million, or $0.11 per diluted share, compared to $1.2 or, $0.12 per diluted share in the year-earlier period.

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