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AmpliTech Group Inc designs, develops, engineers, and assembles micro-wave component-based amplifiers that meet individual customer specifications. The products of the company consist of RF amplifiers & related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, cryogenic amplifiers, and custom assemblies. The company also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time-plus-material basis. It also operates as a manufacturer, & distributor of cryogenic microwave amplifiers, RF designs, & applications for Wireless Networks & the future of Wireless Communication.
AmpliTech serves the aerospace, government, defense, and commercial satellite industries. They sell their products through sales representatives or distributors in North America, Europe, and Asia. Founded in 2002 and based in Bohemia, New York, AmpliTech remains committed to delivering high-performance, custom solutions to meet the ever-evolving needs of global industries.
AmpliTech Group, Inc. (Nasdaq: AMPG) has acquired the assets of Spectrum Semiconductor Materials Inc. for $8 million cash, plus $1.5 million in escrow and 188,442 restricted shares. Spectrum's expected 2021 revenue stands at $13 million, with a 25% pre-tax net income margin. This acquisition boosts AmpliTech's backlog to a record $11.4 million, enhancing its market position and distribution capabilities for new MMIC chip designs. The deal is projected to be accretive to AmpliTech's financial performance, supporting growth in aerospace, defense, and 5G sectors.
AmpliTech Group (Nasdaq: AMPG) announced an agreement to acquire Spectrum Semiconductor Materials for $8M in cash, plus escrowed funds, and stock options. The acquisition aims to enhance AmpliTech's market presence and technical capabilities, with Spectrum projected to achieve 2021 revenues of $10M-$11M and 25% pre-tax net income. AmpliTech reported $3.5M in revenue over the past four quarters and has an order backlog of $3.4M. The acquisition is expected to triple AmpliTech's revenue run rate and support its new MMIC chip solutions, targeting commercial availability by Q1 2022.
AmpliTech Group, Inc. (AMPG) has announced a definitive agreement to acquire Spectrum Semiconductor Materials Inc. for $8.0M in cash, $1.5M in escrow, and stock options. This acquisition is expected to significantly enhance AmpliTech's distribution capabilities and revenue potential, targeting a revenue increase from Spectrum's projected 2021 sales of $10M-$11M. With a current order backlog of $8M and AmpliTech's record backlog of $3.4M, the transaction aims to triple AmpliTech's annual revenue run rate and improve its global footprint in the semiconductor market.
AmpliTech Group, Inc. (AMPG) reported Q3 2021 results, with revenue of $1,056,595, a decline from $1,150,732 in Q3 2020. The company secured $1.2M in new orders, boosting its order backlog to a record $3.35M. Cash and securities totaled $27.1M. However, gross profit fell to $313,613, with a margin decline to 29.69%. The net loss was $592,845, compared to a net income of $17,010 in Q3 2020. AmpliTech's expansion includes a new manufacturing facility and a design center for MMIC chips, expected to enhance its offerings for satellite and 5G communications.
AmpliTech Group (Nasdaq: AMPG) has announced that its Texas MMIC Design Center is now fully operational, with initial designs set for wafer production. This development includes new MMIC products like LNA amplifiers and filters, expected to be available by Q1 2022. The company is patenting its leading MMIC technology, enhancing its offerings in the LNB/LNBF market. CEO Fawad Maqbool emphasized the need for high-performance MMICs to meet 5G demands. AmpliTech aims to target major OEMs and expand its market, backed by a strong financial position and a record backlog.
AmpliTech Group, Inc. (Nasdaq: AMPG) has announced its relocation to a new 20,000 square-foot manufacturing facility in Hauppauge, NY, consolidating its current operations and enhancing production capabilities. This move marks an expansion from its previous 13,100 square-foot footprint and includes a state-of-the-art clean room for space-grade product manufacturing. The company expects to be fully operational in the first quarter of 2022. CEO Fawad Maqbool emphasized improved collaboration and growth potential as key benefits of this transition.
AmpliTech Group, Inc. (Nasdaq: AMPG) has secured $1.2M in new orders for its Low Noise Amplifier (LNA) technology from a leading Fortune 500 defense and aerospace company. This brings the company’s total order backlog to a record $3.4M. The shipments are expected in calendar 2022. CEO Fawad Maqbool emphasized that the LNA technology enhances signal quality for satellite communications and 5G networks. Following financial recapitalization, AmpliTech is positioned to expand its market reach and capabilities, targeting major OEMs and system integrators.
AmpliTech Group, Inc. (AMPG) plans to establish a MMIC chip design center in Texas, expected to be operational by year-end 2021. This facility aims to enhance AmpliTech's development of monolithic microwave integrated circuits (MMICs) for satellite and 5G communications, defense, and other applications. The company is focused on innovation and technology leadership, seeking to meet growing market demands for low noise amplifiers. AmpliTech also aims to secure patents for its unique MMIC designs, positioning itself as a key player in the signal amplification market.
AmpliTech Group, Inc. (Nasdaq: AMPG) reported a strong Q2 2021 with revenues rising 55% to $1,024,410, compared to $660,699 in Q2 2020, and a 117% increase from Q1 2021. The order backlog reached $2.45M, bolstered by new contracts, including custom Low Noise Amplifiers (LNAs) for major satellite systems. The company also improved its financial position with $29.8M in working capital. However, a net loss of $472,695 was reported, attributed to increased operational expenses. AmpliTech aims for growth in satellite communications and 5G markets amidst ongoing pandemic-related challenges.
AmpliTech Group, Inc. (Nasdaq: AMPG) announced the receipt of $0.5 million in orders for custom Low Noise Amplifiers (LNAs) from a global high-speed satellite broadband services provider. These amplifiers are set to ship in Q3 and will support satellite ground stations to enhance data dissemination from various satellite systems, including GEO, LEO, and MEO. The company's LNAs are touted for their exceptional signal amplification performance, mitigating environmental noise and improving the efficiency of communications networks.
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