AmpliTech Reports FY 2023 Results; Core Business Sales Increased YoY, 5G ORAN Radio Products And Over 100 New SKU's Released During FY2023, All Available For Sale Now [Yahoo! Finance]
Amplitech Group, Inc. (AMPG)
NASDAQ:AMEX Investor Relations:
amplitechinc.com/about/investors
Company Research
Source: Yahoo! Finance
HAUPPAUGE, NY / ACCESSWIRE / April 1, 2024 / AmpliTech Group, Inc (Nasdaq:AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, including the design of complete 5G/6G systems, and a global distributor of packages and lids for integrated circuit assembly, today announced financial results for year ended December 31, 2023. Full Year 2023 Highlights Total Yearly Revenues of $15.6M Despite lower sales from our distribution business, FY23 gross profit margins grew to nearly 47% (from 46% in FY22). Core low noise amplifier business sales grew while semiconductor materials distribution business had a notable decrease in sales this fiscal year. FY23 net loss was $2.4M which includes $2.3M of Research and Development expenses and nearly $800K in compliance costs required for being a public company. It is important to note that without these costs, the Company would've been profitable. FY2
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News
- AMPG Files For Shelf Registration To Replace Expired Identical Shelf Without Dilution, Reinforcing Financial Stability [Yahoo! Finance]Yahoo! Finance
- AMPG Files For Shelf Registration To Replace Expired Identical Shelf Without Dilution, Reinforcing Financial StabilityGlobeNewswire
- Open6G OTIC at Northeastern University to Perform O-RAN 5G Interoperability Testing and End-to-End Demonstration of AmpliTech's O-RAN CAT B 64T64R MIMO Radio [Yahoo! Finance]Yahoo! Finance
- AmpliTech Group Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- AmpliTech Group's Division AGTGSS, Riding The Crest Of Its Recent O-RAN CAT B 64T64R MIMO Radio Release, Teams Up With the Open6G OTIC at the Institute for the Wireless Internet of Things (WIoT) at Northeastern University To Perform O-RAN 5G InteroperabiAcquire Media Monitor
AMPG
Sec Filings
- 4/25/24 - Form EFFECT
- 4/19/24 - Form S-3/A
- 4/15/24 - Form DEL
- AMPG's page on the SEC website