AmpliTech Group, Inc.
- Open
- 6.88
- Day high
- 7.56
- Day low
- 6.73
- Prev close
- 6.96
- Volume
- 1.2M
- Mkt cap
- $190M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 3.9
- P/S
- 7.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$451K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
AmpliTech Group, Inc. (AMPG) is a Technology company listed on NASDAQ. The stock is up 218% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
AmpliTech Group, Inc. (AMPG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AMPG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 13, 2026 | $-0.05 | $-0.06 | -20.0% | $5M | +7.0% |
| Mar 26, 2026 | $-0.07 | $-0.15 | -114.3% | $4M | +4.1% |
| Nov 14, 2025 | $-0.09 | $-0.01 | +88.9% | $6M | +21.9% |
| Aug 14, 2025 | $-0.06 | $-0.09 | -50.0% | $11M | +120.5% |
| May 15, 2025 | $-0.08 | $-0.09 | -12.5% | $4M | +2.8% |
| Mar 31, 2025 | $-0.12 | $-0.32 | -166.7% | $2M | -38.2% |
| Nov 14, 2024 | $-0.16 | $-0.12 | +25.0% | $3M | -19.0% |
| Aug 14, 2024 | $-0.12 | $-0.16 | -33.3% | $3M | -57.9% |
| May 28, 2024 | $-0.10 | $-0.48 | -380.0% | $2M | -44.1% |
| Nov 14, 2023 | $-0.01 | $-0.09 | -800.0% | $3M | -20.8% |
| Aug 14, 2023 | $-0.13 | $-0.05 | +61.5% | $4M | +35.8% |
| May 15, 2023 | $-0.13 | $-0.06 | +53.8% | $4M | +37.1% |
AMPG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 2, 2026 | Flores Jorge Luisofficer: Chief Operating Officer | Option | 25,000 | $3.52 |
| Jun 2, 2026 | Flores Jorge Luisofficer: Chief Operating Officer | Sell | 30,000 | $5.36 |
| Jun 2, 2026 | Flores Jorge Luisofficer: Chief Operating Officer | Option | 5,000 | $3.88 |
| May 29, 2026 | Sanfratello Louisadirector, officer: Chief Financial Officer | Sell | 50,000 | $4.80 |
| May 29, 2026 | Sanfratello Louisadirector, officer: Chief Financial Officer | Option | 50,000 | $3.52 |
| May 26, 2026 | Mazziota Daniel Richarddirector | Sell | 10,000 | $4.95 |
| Feb 3, 2026 | Sanfratello Louisadirector, officer: Chief Financial Officer | Option | 50,000 | $3.04 |
| Feb 3, 2026 | Sanfratello Louisadirector, officer: Chief Financial Officer | Grant | 200,000 | $3.04 |
| Feb 3, 2026 | Flores Jorge Luisofficer: Chief Operating Officer | Option | 50,000 | $3.04 |
| Feb 3, 2026 | Maqbool Fawaddirector, 10 percent owner, officer: Chief Executive Officer | Grant | 200,000 | $3.04 |
| Feb 3, 2026 | Flores Jorge Luisofficer: Chief Operating Officer | Grant | 200,000 | $3.04 |
| Feb 3, 2026 | Maqbool Fawaddirector, 10 percent owner, officer: Chief Executive Officer | Option | 50,000 | $3.04 |
| Jan 16, 2026 | Flores Jorge Luisofficer: Chief Operating Officer | Option | 1,000 | $4.00 |
| Jan 16, 2026 | Mazziota Daniel Richarddirector | Grant | 2,000 | $5.00 |
| Jan 16, 2026 | Mazziota Daniel Richarddirector | Option | 2,000 | $4.00 |
Source: AMPG SEC Form 4 filings, latest Jun 2, 2026. For informational purposes only — not investment advice.
See the full AMPG insider & 13F page →AmpliTech Group, Inc. company profile
Overview
AmpliTech Group, Inc. (NASDAQ:AMPG) is a specialized microwave and radio frequency technology company founded in 2002 and based in Bohemia, New York. The company went public in January 2021 and has evolved from a traditional RF amplifier manufacturer into a comprehensive provider of advanced communication solutions. AmpliTech designs, engineers, and assembles microwave component-based amplifiers and related subsystems, serving aerospace, defense, government, commercial satellite, and wireless industries globally through sales representatives and distributors across the United States, Europe, the Middle East, and South Asia.
Business
AmpliTech operates in the specialized microwave and radio frequency (RF) communication equipment industry, which forms the backbone of modern wireless communication systems. The company's core business revolves around creating amplifiers - electronic devices that boost weak electrical signals to make them stronger and more usable in communication systems. The company's primary products include low noise amplifiers (LNAs), which are critical components used in receivers of communication systems like Wi-Fi, radar, satellite communications, base stations, and cell phones. These amplifiers take very weak incoming signals and boost them while adding minimal noise, ensuring clear signal reception. The company also produces medium power amplifiers that provide enhanced output power and gain in transceiver chains, essentially helping transmit signals more effectively. Beyond traditional amplifiers, AmpliTech has expanded into several specialized product categories. The company manufactures specialty microwave components including block downconverters used as test devices on satellite access point antennas, and protection switch panels used in satellite communication earth stations. They also produce cryogenic amplifiers for emerging applications like quantum computing, medical RF imaging, and space communications - these operate at extremely low temperatures and are essential for cutting-edge scientific and computing applications. A significant growth area for AmpliTech is 5G infrastructure solutions, particularly Open Radio Access Network (ORAN) technology. The company has developed massive MIMO (Multiple Input, Multiple Output) 5G radios and complete end-to-end private 5G network solutions. Additionally, they offer custom assembly designs and non-recurring engineering services on a project-by-project basis, as well as IC packaging and lids products. Revenue breakdown based on recent performance shows traditional amplifier and specialty components generating steady baseline revenue, while the emerging 5G division is expected to account for 75-80% of revenues by 2025 according to management guidance.
Revenue model
AmpliTech generates revenue through multiple business models centered around product sales and custom engineering services. The company sells its amplifiers and microwave components directly to customers in aerospace, defense, government, commercial satellite, and wireless industries. Revenue is generated through one-time product purchases, with customers typically being original equipment manufacturers (OEMs), system integrators, and end-users who incorporate AmpliTech's components into larger communication systems. The company's custom engineering services provide additional revenue streams through non-recurring engineering (NRE) fees charged on a project-by-project basis. This includes designing specialized solutions for specific customer requirements, which often leads to follow-on production orders. A significant shift in the business model is occurring with the company's move into 5G infrastructure solutions. Here, AmpliTech sells complete radio systems and infrastructure equipment, commanding higher average selling prices compared to individual components. The 5G business model also opens opportunities for recurring revenue through maintenance and upgrade services. Several factors influence AmpliTech's margins and profitability. Positive margin drivers include the company's focus on high-performance, specialized products that command premium pricing due to their technical complexity and limited competition. The shift toward 5G and quantum computing applications typically involves higher-margin products. Custom engineering services also generate attractive margins as they leverage the company's specialized expertise. Margin pressures come from semiconductor industry cyclicality, which affects both component costs and customer demand patterns. The company faces challenges from tariff-related costs, though management reports successfully managing these risks. Competition from larger, more established players in the RF industry can pressure pricing, particularly in commodity-like amplifier products. Additionally, the company's current scale limits manufacturing efficiencies compared to larger competitors. The business is somewhat seasonal, with Q4 typically showing slower performance due to holidays and customer budget cycles. Working capital requirements are significant due to the need to maintain substantial inventory levels to meet customer delivery requirements.
Competitive moat
AmpliTech's competitive moat is moderate but growing, primarily built around specialized technical expertise and customer relationships in niche applications. The company's strongest moat lies in its deep technical knowledge of low-noise amplifier design and cryogenic applications, where performance requirements are extremely demanding and few competitors have the necessary expertise. This is evidenced by the company holding three patents for low noise intellectual property and its ability to serve specialized markets like quantum computing. The company benefits from customer switching costs in certain applications, particularly in aerospace and defense where qualification cycles are lengthy and expensive. Once AmpliTech's components are designed into a customer's system and qualified, there's reluctance to change suppliers due to re-qualification costs and risks. However, AmpliTech's moat faces several challenges. The company operates in a highly competitive industry with much larger, well-resourced competitors who have greater scale advantages and broader product portfolios. Companies like Analog Devices, Qorvo, and Skyworks Solutions have significantly more resources for R&D and can often offer more comprehensive solutions. The emerging 5G opportunity represents both a moat-building opportunity and a risk. While AmpliTech's ORAN 5G solutions could establish strong customer relationships and technical differentiation, this market attracts intense competition from established telecommunications equipment vendors and well-funded startups. The company's relatively small size may limit its ability to compete for the largest contracts against giants like Ericsson, Nokia, or Huawei alternatives. The company's financial resources are limited compared to competitors, constraining its ability to invest heavily in R&D or pursue aggressive market expansion. This creates vulnerability to better-funded competitors who can outspend AmpliTech in product development or customer acquisition. Overall, AmpliTech has carved out defensible niches in specialized applications, but its moat is not particularly wide or durable against well-funded competition, especially as it moves into the larger and more competitive 5G infrastructure market.
Risks & safety
AmpliTech presents a moderate to high margin of safety from a balance sheet perspective, though operational losses create ongoing concerns. • Strong liquidity position: $16.9 million in cash and short-term investments as of Q1 2025, with total current assets of $26.8 million against only $2.2 million in current liabilities, resulting in an exceptional current ratio of 12.1 • Minimal debt burden: Debt-to-equity ratio of just 0.13, with management emphasizing zero debt status and strong working capital of $24.6 million • Cash burn concerns: Operating cash flow negative $1.1 million in Q1 2025, with free cash flow negative $1.1 million; full year 2024 showed operating cash flow burn of $5.3 million • Valuation metrics mixed: Trading at 0.85x book value and negative P/E ratios due to losses, though Graham net-net ratio of 0.81 suggests reasonable asset backing • Revenue volatility: Quarterly revenues ranging from $1.8 million to $3.6 million, with significant year-over-year fluctuations creating forecasting challenges • Inventory risk: Over $7 million in inventory represents substantial working capital tied up, though necessary for customer service requirements • Runway assessment: At current burn rates, existing cash provides approximately 3-4 years of operating runway, though this assumes no revenue growth from the substantial order backlog of $19.6 million
Recent development
AmpliTech has undergone a significant strategic transformation over the past few years, evolving from a traditional RF amplifier manufacturer to a comprehensive 5G infrastructure solutions provider. The most notable pivot has been the company's aggressive move into Open Radio Access Network (ORAN) 5G technology, which management expects will account for 75-80% of revenues by 2025. Key strategic developments include the successful testing of massive MIMO ORAN 5G radios at Northeastern University and the development of complete end-to-end private 5G network solutions. The company has secured critical certifications including CE, FCC, and REACH approvals for its ORAN 5G radios, enabling deployment across multiple markets. A significant milestone was the acquisition of assets to position AmpliTech as a viable ORAN technology supplier for large Mobile Network Operators (MNOs). The company has dramatically expanded its product portfolio, releasing over 100 new MMIC (Monolithic Microwave Integrated Circuit) and chip products, and launching cryogenic power supplies specifically for quantum computing applications. AmpliTech has also developed next-generation satellite ground station LNBs and expanded its MMIC design capabilities with custom design services. Market expansion efforts have intensified, with the company building a pipeline of approximately $130 million in potential opportunities and securing over $12 million in firm orders from a $118 million Letter of Intent (LOI) pipeline. The company has established partnerships with AI-native wireless companies for spectrum sensing and network optimization, and is actively engaging with MNOs in Europe, Southeast Asia, and the Far East. Recent operational improvements include enhanced CRM systems for better customer targeting and increased participation in industry trade shows to showcase 5G capabilities. The company has also invested in intellectual property development, receiving three patents for low noise technology, strengthening its competitive position in specialized applications.
AMPG company profile · for informational purposes only — not investment advice.
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