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AmpliTech Group
(NASDAQ:AMPG)
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Rating:53Neutral
Price Target:
$5.50
▲(1.85% Upside)
Action:Reiterated
Date:07/23/26
AMPG scores in the low-to-mid range primarily due to weak underlying profitability and continued negative cash flow despite revenue growth and a relatively conservative balance sheet. Technicals are moderately supportive (above longer-term averages) but lack strong momentum, while valuation remains pressured by negative earnings and no dividend. The earnings call improves the outlook with clear operational progress and stronger liquidity, though execution and timing risk remains elevated.
Positive Factors
Revenue Growth
Sustained double-digit top-line growth from 5G product shipments indicates genuine product-market fit and expanding commercial traction. Over 2–6 months this growth supports scale economies, stronger design‑in credibility and a larger addressable order book that can underpin future margin improvement.
Negative Factors
Negative Cash Flow
Persistent operating and free cash flow deficits mean the business remains dependent on external financing to fund operations. Over a multi‑month horizon this elevates refinancing and dilution risk, constrains reinvestment capacity, and limits the firm's ability to self‑fund growth and R&D without raising capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line growth from 5G product shipments indicates genuine product-market fit and expanding commercial traction. Over 2–6 months this growth supports scale economies, stronger design‑in credibility and a larger addressable order book that can underpin future margin improvement.
Read all positive factors
AmpliTech Group (AMPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$117.83M
Dividend YieldN/A
Average Volume (3M)3.44M
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth149.18%
EPS Growth54.90%
CountryUS
Employees46
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.31
Shares Outstanding25,338,799
10 Day Avg. Volume2,499,355
30 Day Avg. Volume3,436,546
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.24
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 Group makes money primarily by selling RF and microwave products—particularly amplification components (e.g., low-noise amplifiers and related RF subsystems)—to customers that integrate these parts into larger communication and sensing s...
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
Positive
5.40
Price Trends
6.36
Negative
4.40
Positive
3.77
Positive
Market Momentum
-0.38
Positive
45.75
Neutral
40.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPG, the sentiment is Positive. The current price of 5.4 is below the 20-day moving average (MA) of 5.83, below the 50-day MA of 6.36, and above the 200-day MA of 3.77, indicating a neutral trend. The MACD of -0.38 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 40.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $131.17M | 127.34 | 4.67% | ― | 13.61% | ― | |
53 Neutral | $117.83M | -15.18 | -17.50% | ― | 149.18% | 54.90% | |
53 Neutral | $180.55M | -35.00 | -3.82% | ― | 7.22% | 46.78% | |
51 Neutral | $50.34M | -0.76 | -9.10% | ― | -8.31% | 77.99% | |
50 Neutral | $227.28M | -23.29 | -8.37% | ― | 28.60% | 24.86% |
* Technology Sector Average
AMPG
AmpliTech Group
5.38
2.46
84.25%
CMTL
Comtech Telecommunications
1.72
-0.41
-19.25%
KVHI
KVH Industries
9.72
4.50
86.21%
OCC
Optical Cable
15.62
9.90
173.08%
SILC
Silicom
44.12
27.70
168.70%
FKWL
Franklin Wireless
2.25
-1.62
-41.86%
AmpliTech Group Corporate Events
Business Operations and StrategyPrivate Placements and Financing
AmpliTech Raises Capital to Accelerate 5G and AI Growth
Positive
Jul 22, 2026
On July 20, 2026, AmpliTech Group, Inc. reported that its Series A Rights Offering generated approximately $21.9 million in subscriptions, with all Series A rights having been exercised or expiring on July 18, 2026. Following final reconciliation,...
Business Operations and StrategyStock Buyback
AmpliTech Group Ends ATM Offering, Launches Buyback Plan
Positive
Jul 8, 2026
On July 7, 2026, AmpliTech Group, Inc. terminated its Equity Distribution Agreement with Maxim Group LLC, ending an at‑the‑market equity offering arrangement that had been in place since March 21, 2025. The move signals a shift away fr...
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.