Want to see AMPG full AI Analyst Report?
Top Page
AmpliTech Group
(NASDAQ:AMPG)
Select Model
Select Model
Rating:61Neutral
Price Target:
$7.00
▲(84.21% Upside)
Action:Reiterated
Date:06/23/26
The score is held back primarily by weak financial performance (ongoing losses and continued cash burn) despite a relatively low-leverage balance sheet. Technicals are a key support due to strong price momentum, while the earnings call was constructive on growth/margins and liquidity but included timing and execution risks. Valuation remains hard to justify with a negative P/E, and the potential derivative suit adds incremental uncertainty.
Positive Factors
Sustained Revenue Growth
Material year‑over‑year revenue growth reflects expanding commercial traction in core markets (notably 5G product shipments). Durable demand and scaling sales processes support multi‑quarter revenue runway and improve the company’s ability to invest in production and customer deployments.
Negative Factors
Persistent Cash Burn
Sizable negative operating and free cash flow indicate the company still funds growth externally. Persistent cash burn reduces financial flexibility, increases dilution or refinancing risk, and leaves operations vulnerable if capital markets tighten or fundraising becomes more costly.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Material year‑over‑year revenue growth reflects expanding commercial traction in core markets (notably 5G product shipments). Durable demand and scaling sales processes support multi‑quarter revenue runway and improve the company’s ability to invest in production and customer deployments.
Read all positive factors
AmpliTech Group (AMPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$151.78M
Dividend YieldN/A
Average Volume (3M)7.09M
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth149.18%
EPS Growth54.90%
CountryUS
Employees47
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.31
Shares Outstanding25,338,799
10 Day Avg. Volume9,148,561
30 Day Avg. Volume7,093,153
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.91
Price to Sales (P/S)2.49
P/FCF Ratio-6.47
Enterprise Value/Market Cap1.29
Enterprise Value/Revenue7.27
Enterprise Value/Gross Profit29.35
Enterprise Value/Ebitda-39.40
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.39
Revenue Forecast (FY)$50.00M
AmpliTech Group Business Overview & Revenue Model
Company Description
AmpliTech Group, Inc. specializes in the design, engineering, and manufacturing of microwave component-based amplifiers. Their diverse portfolio encompasses radio frequency (RF) amplifiers and associated subsystems, including low noise amplifiers ...
How the Company Makes Money
AmpliTech makes money primarily by selling RF and microwave amplification products (e.g., low-noise amplifiers and related modules/subsystems) to customers that need high-performance signal amplification for communications and sensing systems. Rev...
AmpliTech Group Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
The call presented multiple substantial operational and financial improvements: strong year-over-year revenue growth (+48.6%), large gross profit increase (+116.1%) and significant balance sheet strengthening (cash $18.4M, >$16M capital raise, working capital +~149%). Commercial progress was highlighted by resumed shipments under a $40M LOI, >$20M backlog and unique O-RAN 64T64R certification that supports future sales. Notable near-term risks include timing of revenue recognition (back-end weighted outlook), supply chain and macro headwinds, dependency on large LOIs and elevated Q1 SG&A items. Overall, positives materially outweigh the risks but the company remains in a scaling phase with timing uncertainty.Positive Updates
Strong Revenue Growth
Revenue increased 48.6% year-over-year to $5.35 million in Q1 2026 from $3.6 million in Q1 2025, driven largely by 5G product shipments and resumed LOI shipments.
Negative Updates
Revenue Timing and Back-Loaded Outlook
Management expects 2026 revenue to be weighted toward later quarters; shipments and revenue recognition may be affected by customer deployment schedules, supplier lead times and production timing, introducing near-term timing risk.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth
Revenue increased 48.6% year-over-year to $5.35 million in Q1 2026 from $3.6 million in Q1 2025, driven largely by 5G product shipments and resumed LOI shipments.
Read all positive updates
Company Guidance
Management reiterated that it is keeping its full-year revenue guidance unchanged and believes it remains achievable, but cautioned that revenue will be back‑end weighted (Q2 is expected to be higher than Q1) due to customer deployment timing and external supply‑chain/geopolitical pressures; analysts on the call referenced a $50 million full‑year target. First‑quarter operating metrics that underpin the outlook included revenue of $5.35 million (up 48.6% year‑over‑year), gross profit of $2.57 million (up 116.1% YoY) and a gross margin of 48% (vs. 33% a year ago), with net loss improving 17.3% to $1.52 million; the company reported cash, cash equivalents and marketable securities of ~$18.4 million, working capital of ~$25.4 million, a current ratio of 4.25, total stockholders’ equity of ~ $48.4 million, no debt, backlog in excess of $20 million, an active $40 million LOI (shipments resumed) and a larger LOI in excess of $70 million expected to convert later in the year; management said margins should improve with scale but timing will not be perfectly linear.AmpliTech Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.95M | 25.20M | 9.51M | 15.58M | 19.39M | 5.28M |
| Gross Profit | 6.68M | 5.15M | 3.48M | 7.15M | 8.92M | 1.29M |
| EBITDA | -4.97M | -5.70M | -7.42M | -1.91M | 1.23M | -4.48M |
| Net Income | -6.69M | -7.01M | -11.24M | -2.47M | -677.11K | -4.76M |
Balance Sheet | ||||||
| Total Assets | 59.74M | 51.48M | 43.47M | 31.41M | 36.68M | 35.23M |
| Cash, Cash Equivalents and Short-Term Investments | 18.43M | 4.98M | 19.32M | 6.73M | 13.54M | 18.02M |
| Total Debt | 4.06M | 4.18M | 4.62M | 3.84M | 5.29M | 1.57M |
| Total Liabilities | 11.38M | 18.62M | 5.98M | 4.73M | 7.92M | 6.19M |
| Stockholders Equity | 48.36M | 32.86M | 37.49M | 26.68M | 28.76M | 29.03M |
Cash Flow | ||||||
| Free Cash Flow | -10.47M | -9.70M | -5.34M | -4.44M | -4.16M | -3.26M |
| Operating Cash Flow | -9.82M | -8.68M | -5.30M | -3.47M | -3.43M | -2.20M |
| Investing Cash Flow | -11.97M | -5.76M | -3.29M | -725.90K | -1.08M | -10.61M |
| Financing Cash Flow | 16.66M | 6.81M | 21.18M | -2.37M | -224.22K | 30.63M |
AmpliTech Group Technical Analysis
Neutral
3.80
Price Trends
4.91
Positive
3.67
Positive
3.58
Positive
Market Momentum
0.48
Positive
45.95
Neutral
15.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPG, the sentiment is Neutral. The current price of 3.8 is below the 20-day moving average (MA) of 7.40, below the 50-day MA of 4.91, and above the 200-day MA of 3.58, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 45.95 is Neutral, neither overbought nor oversold. The STOCH value of 15.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AMPG.
AmpliTech Group Risk Analysis
AmpliTech Group disclosed 45 risk factors in its most recent earnings report. AmpliTech Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AmpliTech Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $243.02M | -22.07 | -9.30% | ― | 14.63% | 0.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $151.78M | -19.56 | -17.50% | ― | 149.18% | 54.90% | |
56 Neutral | $141.23M | 137.10 | 4.67% | ― | 13.61% | ― | |
54 Neutral | $57.83M | -0.87 | -9999.00% | ― | -8.31% | 77.99% | |
53 Neutral | $177.23M | -34.35 | -3.82% | ― | 7.22% | 46.78% |
* Technology Sector Average
AMPG
AmpliTech Group
5.99
3.94
192.20%
CMTL
Comtech Telecommunications
1.93
-0.67
-25.77%
KVHI
KVH Industries
9.09
3.71
68.96%
OCC
Optical Cable
16.00
12.40
344.44%
SILC
Silicom
42.59
27.39
180.20%
FKWL
Franklin Wireless
2.54
-1.45
-36.34%
AmpliTech Group Corporate Events
Business Operations and StrategyFinancial DisclosuresLegal ProceedingsRegulatory Filings and Compliance
AmpliTech Faces Potential Derivative Suit Over Crypto Loss
Negative
Jun 22, 2026
In March 2024, AmpliTech Group completed several digital currency transactions totaling about $3.25 million and later determined it had been the victim of a cyber phishing scam, resulting in an investment loss of approximately $3.2 million. A spec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.