AmpliTech Group Reports 2.8M revenue, 1.3M Gross profits, 47% Gross Margins
Amplitech Group, Inc. (AMPG)
NASDAQ:AMEX Investor Relations:
amplitechinc.com/about/investors
Company Research
Source: GlobeNewswire
HAUPPAUGE, N.Y., Nov. 15, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced its financial results for the third quarter ended September 30, 2024. Q3 2024 Highlights Revenue of $2.834 million, with gross profits of $1.347M (47.6%). Company increased its gross profit margin by about 5% from previous quarterly results, to 47.6% amidst inflationary pressures. Global demand continued to be a factor affecting the majority of our customers across all product lines. Semiconductor distribution sales also decreased due to softer international demand. Company reported a lower loss of $1.1M for Q3, in comparison to previously reported loss of $1.57M for Q2 2024. This qua
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News
- AmpliTech Group Announces Closing of $2.2 Million and $3.1 Million Registered Direct OfferingsGlobeNewswire
- AmpliTech Group Announces Pricing of $3.1 Million Registered Direct OfferingGlobeNewswire
- AmpliTech Group Delivers Prototype High-Frequency Ultra Low Noise Amplifiers For LEO Satellite Constellations To Fortune 50 Satellite Network ProviderGlobeNewswire
- AmpliTech Group Announces $2.2 Million Stock Offering [Yahoo! Finance]Yahoo! Finance
- AmpliTech Group Announces Pricing of $2.2 Million Registered Direct OfferingGlobeNewswire
AMPG
Sec Filings
- 12/20/24 - Form 8-K
- 12/20/24 - Form 8-K
- 12/17/24 - Form 8-K
- AMPG's page on the SEC website