# Amplitech Group Inc. (AMPG)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $182M  
**Price:** $8.67 (+14.08%)

> Amplitech Group Inc. designs, develops, and manufactures custom radio frequency (RF) and microwave components serving the commercial, satellite communications, space, defense, telecommunications, and quantum computing sectors. The company produces RF amplifiers and related subsystems operating across frequencies from 50 kilohertz to 44 gigahertz, including low noise amplifiers, medium power amplifiers, oscillators, and filters. Amplitech operates through multiple divisions: Specialty Microwave designs and manufactures SATCOM components and RF subsystems for military and commercial markets; the MMIC Design Center develops signal processing components for satellites; and the True G Speed Services division provides managed services, cybersecurity, and cloud solutions. The company has recently expanded into 5G and Open RAN network infrastructure, developing advanced radio units that support next-generation wireless deployment. Amplitech also offers quantum computing solutions featuring cryogenic low-noise amplifiers and has achieved O-RAN Alliance conformance certification for its 5G massive MIMO systems, positioning it at the intersection of emerging wireless and quantum technologies.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $25M | $6M | -$7M | -$7M | $-0.33 |
| 2024 | $10M | $3M | -$8M | -$11M | $-1.08 |
| 2023 | — | — | — | — | $-0.26 |
| 2022 | $19M | $9M | $271,093 | -$677,107 | $-0.07 |
| 2021 | $5M | $1M | -$5M | -$5M | $-0.53 |
| 2020 | $3M | $1M | -$915,946 | -$1M | $-0.37 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $51M | $19M | $33M | $5M | $4M |
| 2024 | $43M | $6M | $37M | $19M | $4M |
| 2022 | $37M | $8M | $29M | $13M | $4M |
| 2021 | $35M | $6M | $29M | $18M | $1M |
| 2020 | $3M | $2M | $440,282 | $199,536 | $2M |
| 2019 | $3M | $2M | $1M | $574,712 | $2M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$9M | -$1M | -$14M |
| 2024 | -$9M | -$42,920 | -$5M |
| 2022 | -$1M | -$735,761 | -$4M |
| 2021 | -$3M | -$1M | -$3M |
| 2020 | -$451,483 | -$71,619 | -$593,104 |
| 2019 | -$112,698 | -$12,653 | -$32,668 |

Source: [CompaniesByCap](https://companiesbycap.com/company/AMPG)