AmpliTech Group, Inc. AMPG
Group Inc. ("AMPG," "AmpliTech" or the "Company"), incorporated in 2010 in the State of Nevada, is
the parent company of AmpliTech, Inc., and the Company's divisions, Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech
Group MMIC Design Center ("AGMDC") and AmpliTech Group True G Speed Services ("AGTGSS").
Inc. designs, engineers and assembles micro-wave component-based amplifiers that meet individual customer specifications. Our products
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Manufacturing And Engineering
- Distribution
| Segment | FY2025 | FY2024 |
|---|---|---|
| Manufacturing And Engineering | $17.0M | $3.6M |
| Distribution | $8.2M | $5.9M |
As the company reported it, from the “Schedule of Segment Reporting (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.2M | $9.5M | $15.6M | $19.4M | $5.3M | $3.5M | $3.1M | $2.4M | $1.4M | $2.0M |
| Cost of revenue | $19.2M | $6.0M | $8.3M | $10.5M | $4.0M | $2.2M | $1.6M | $1.0M | $652.4K | $827.6K |
| Gross profit | $6.0M | $3.5M | $7.3M | $8.9M | $1.3M | $1.3M | $1.6M | $1.4M | $728.3K | $1.2M |
| R&D | $2.7M | $3.6M | $2.3M | $1.0M | $1.8M | $62.0K | $56.5K | $42.9K | $68.4K | $35.4K |
| SG&A | $10.7M | $7.9M | $7.5M | $7.6M | $4.6M | $2.1M | $1.5M | $1.0M | $818.4K | $736.9K |
| Total operating expenses | $13.3M | $11.9M | $9.9M | $8.8M | — | — | — | — | — | — |
| Operating income | -$7.3M | -$8.4M | -$2.6M | $151.0K | -$5.1M | -$915.9K | $82.0K | $341.4K | -$90.1K | $471.9K |
| Interest expense | $160.3K | $292.2K | $19.3K | $13.0K | $42.8K | $109.6K | $7.2K | $12.4K | $7.0K | $15.6K |
| Pre-tax income | -$7.0M | -$11.2M | -$2.4M | -$677.1K | -$4.8M | -$1.0M | $5.9K | $329.0K | -$97.0K | $456.3K |
| Income tax | $13.0K | $15.0K | $24.0K | $0 | $0 | $0 | $0 | — | — | $41.1K |
| Net income | -$7.0M | -$11.2M | -$2.5M | -$677.1K | -$4.8M | -$1.0M | $5.9K | $329.0K | -$97.0K | $456.3K |
| EPS, basic | -0.33 | -1.04 | -0.26 | -0.07 | -0.53 | -0.37 | 0.00 | 0.00 | 0.00 | 0.01 |
| EPS, diluted | -0.33 | -1.04 | -0.26 | -0.07 | -0.53 | -0.37 | 0.00 | 0.00 | 0.00 | 0.01 |
| Shares, diluted (wtd. avg.) | 21.0M | 10.8M | 9.7M | 9.6M | 8.9M | 2.8M | 4.5M | 47.8M | 46.1M | 85.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.0M | $19.3M | $6.7M | $13.3M | $18.0M | $199.5K | $574.7K | $442.1K | $118.0K | $283.7K |
| Short-term investments | — | — | — | $247.4K | — | — | — | — | — | — |
| Receivables | $3.3M | $1.3M | $2.5M | $1.8M | $1.7M | $357.1K | $619.2K | $262.0K | $137.5K | $146.2K |
| Inventory | $8.9M | $7.6M | $6.5M | $6.6M | $4.2M | $517.3K | $557.7K | $391.2K | $335.7K | $266.9K |
| Total current assets | $25.1M | $28.3M | $17.1M | $22.2M | $24.3M | $1.4M | $1.9M | $1.2M | $605.0K | $700.5K |
| Property, plant and equipment | $2.9M | $2.3M | $2.6M | $2.0M | $1.4M | $289.3K | $198.1K | $180.7K | $51.8K | $73.3K |
| Goodwill | $4.7M | $4.7M | $4.7M | $4.7M | $4.8M | $120.1K | $120.1K | — | — | — |
| Other intangibles | $13.1M | $2.4M | $3.0M | $3.1M | $3.3M | $632.2K | $673.4K | — | — | — |
| Total assets | $51.5M | $43.2M | $31.4M | $36.7M | $35.2M | $2.8M | $3.4M | $1.4M | $665.5K | $782.6K |
| Accounts payable | $4.7M | $941.4K | $846.2K | $860.4K | $3.0M | $113.5K | $154.5K | $86.1K | $57.1K | $92.8K |
| Total current liabilities | $14.9M | $1.5M | $1.5M | $4.0M | $3.8M | $654.4K | $521.1K | $378.6K | $165.2K | $185.2K |
| Long-term debt | — | — | $80.8K | $234.0K | $330.4K | $1.6M | $1.5M | — | — | — |
| Total liabilities | $18.6M | $5.7M | $4.7M | $7.9M | $6.2M | $2.4M | $2.3M | $492.5K | $165.2K | $185.2K |
| Retained earnings | -$28.0M | -$21.0M | -$9.8M | -$7.3M | -$6.6M | -$1.9M | -$842.8K | -$848.8K | -$1.2M | -$1.1M |
| Total equity | $32.9M | $37.5M | $26.7M | $28.8M | $29.0M | $440.3K | $1.1M | $915.3K | $500.4K | $597.4K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$8.7M | -$5.3M | -$3.5M | -$3.4M | -$2.2M | -$521.5K | -$20.0K | $352.3K | -$166.8K | $346.7K |
| Depreciation and amortisation | $411.0K | $388.7K | $381.2K | $262.0K | — | — | — | — | — | — |
| Stock-based compensation | $544.2K | $517.8K | $389.7K | $399.1K | $732.0K | $128.9K | $118.0K | — | — | — |
| Capital expenditure | $1.0M | $42.9K | $973.3K | $735.8K | $1.1M | $71.6K | $12.7K | $10.6K | $5.4K | $14.3K |
| Investing cash flow | -$5.8M | -$3.3M | -$725.9K | -$1.1M | -$10.6M | -$71.6K | -$681.3K | -$10.6K | -$5.4K | -$14.3K |
| Financing cash flow | $6.8M | $21.2M | -$2.4M | -$224.2K | $30.6M | $217.9K | $833.9K | -$17.6K | $6.5K | -$97.7K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-012914.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M | $1.4M | $2.4M | $3.1M | $3.5M | $5.3M | $19.4M | $15.6M | $9.5M | $25.2M |
| Gross profit | $1.2M | $728.3K | $1.4M | $1.6M | $1.3M | $1.3M | $8.9M | $7.3M | $3.5M | $6.0M |
| Net income | $456.3K | -$97.0K | $329.0K | $5.9K | -$1.0M | -$4.8M | -$677.1K | -$2.5M | -$11.2M | -$7.0M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Other event Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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