AmpliTech Group (AMPG) AI Stock Analysis

• Market Cap: $43.82M
• Dividend Yield: N/A
• Average Volume (3M): 239.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: -21.44%
• EPS Growth: -3.31%
• Country: US
• Employees: 47
• Sector: Technology
• Sector Strength: 87
• Industry: Communication Equipment
• EPS (TTM): N/A
• Shares Outstanding: 20,573,595
• 10 Day Avg. Volume: 205,931
• 30 Day Avg. Volume: 239,647
• PEG Ratio: 2.20
• Price to Book (P/B): 19.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -654.50
• Enterprise Value/Market Cap: 0.52
• Enterprise Value/Revenue: 0.52
• Enterprise Value/Gross Profit: 6.04
• Enterprise Value/Ebitda: -1.01
• 1Y Price Target: $6.00
• Price Target Upside: 192.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: $2.00 ▼(-2.44%Downside)

AmpliTech Group's stock score is primarily impacted by its financial challenges, including declining revenues and negative profitability. However, strong future guidance and strategic progress in its 5G division, as highlighted in the earnings call, provide a positive outlook. Technical indicators show mixed signals, and the stock's valuation reflects current unprofitability.

Positive Factors

Debt and Cash Position

AmpliTech has no debt and a strong cash position, believed to be sufficient for the foreseeable future.

Financial Performance

AmpliTech confirmed a record backlog supporting substantial revenue growth, expected to double from the previous year.

Technology Certifications

AmpliTech recently secured multiple significant technology certifications, enabling domestic and global deployment of their 5G radio systems.

Negative Factors

Future Delivery Timeline

AMPG has received approximately $12M in firm purchase orders under these two agreements alone, all of which will be delivered in 2025.

AmpliTech Group Business Overview & Revenue Model

Company Description

AmpliTech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains. It also provides specialty microwave block downconverters used as a test device on satellite access point antennas; specialty microwave 1:2 Tx protection switch panels that is used in satellite communication earth stations; desktop/benchtop and compact wideband power amplifiers; and waveguide to coaxial adapters for SATCOM and satellite internet gateway systems. In addition, the company offers cryogenic amplifiers for quantum computing, medical, RF imaging, research and development, space communications, accelerators, radiometry, and telephony applications; and cryogenic and non-cryogenic 4g/5g small cell subsystems for high-speed networks and airline Wi-Fi systems. Further, it provides custom assembly designs and non-recurring engineering services on a project-by-project basis, as well as IC packaging and lids products. The company serves aerospace, government, defense, commercial satellite, and wireless industries through sales representatives and distributors in the United States, Europe, the Middle East, and South Asia. AmpliTech Group, Inc. was founded in 2002 and is based in Bohemia, New York.

How the Company Makes Money

AmpliTech Group makes money by selling its RF components and systems to a diverse clientele across multiple industries. The company's primary revenue streams include direct sales of its products to telecommunications companies, defense contractors, aerospace corporations, and medical device manufacturers. Additionally, AmpliTech often engages in custom design projects, where they collaborate with clients to develop tailored RF solutions that meet specific requirements. These custom projects can also contribute significantly to the company's revenue. AmpliTech's earnings are further supported by strategic partnerships and collaborations that enhance its market reach and technology offerings, thereby attracting more business opportunities.

AmpliTech Group Financial Statement Overview

Summary

AmpliTech Group is facing significant financial challenges, with declining revenues and profitability impacting its income statement. Despite a low leverage position and strong equity ratio, poor returns on equity and negative cash flow highlight inefficiencies in asset utilization and cash generation.

Income Statement

AmpliTech Group's income statement reveals declining revenue and profitability. The TTM gross profit margin is 35.0%, indicating decent cost management, but the net profit margin is severely negative at -77.9%. The revenue growth is negative, reflecting challenges in revenue generation. EBIT and EBITDA margins are deeply negative, highlighting substantial operational inefficiencies.

Balance Sheet

The balance sheet shows a solid equity base with a debt-to-equity ratio of 0.13, indicating low leverage. However, the return on equity is negative, reflecting poor profitability. The equity ratio is strong at 85.0%, suggesting good financial stability but insufficient returns on the capital employed.

Cash Flow

AmpliTech Group's cash flow statement indicates negative operating cash flow, with a free cash flow that remains negative. The free cash flow to net income ratio is unfavorable, and the current cash flow trajectory reflects considerable challenges in cash generation. Financing activities are the primary source of cash inflow, which may not be sustainable long-term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.81M	9.51M	15.59M	19.39M	5.28M	3.46M
Gross Profit	3.79M	3.48M	7.28M	8.93M	1.29M	1.25M
EBITDA	-7.64M	-7.42M	-2.05M	1.23M	-4.48M	-689.00K
Net Income	-8.43M	-11.24M	-2.46M	-677.00K	-4.76M	-1.03M
Balance Sheet
Total Assets	42.06M	43.22M	31.41M	36.68M	35.23M	2.81M
Cash, Cash Equivalents and Short-Term Investments	16.94M	19.32M	6.73M	13.54M	18.02M	199.54K
Total Debt	4.51M	4.62M	3.84M	4.67M	1.57M	2.24M
Total Liabilities	6.29M	5.73M	4.73M	7.92M	6.19M	2.37M
Stockholders Equity	35.78M	37.49M	26.68M	28.76M	29.03M	440.28K
Cash Flow
Free Cash Flow	-2.09M	-5.34M	-4.44M	-4.16M	-3.26M	-593.10K
Operating Cash Flow	-5.30M	-5.30M	-3.47M	-3.43M	-2.20M	-521.49K
Investing Cash Flow	-3.29M	-3.29M	-725.90K	-1.08M	-10.61M	-71.62K
Financing Cash Flow	21.18M	21.18M	-2.37M	-224.22K	30.63M	217.93K

AmpliTech Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.05
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 2.05 is below the 20-day moving average (MA) of 2.09, below the 50-day MA of 2.06, and above the 200-day MA of 1.73, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 67.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AMPG.

AmpliTech Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOSC	71 Outperform	$29.44M	10.36	13.65%	―	0.84%	37.22%
Sector *	63 Neutral	$34.07B	6.13	-11.73%	1.80%	5.33%	-18.31%
OCC	54 Neutral	$29.62M	―	-14.60%	―	5.77%	29.54%
CLRO	53 Neutral	$17.33M	―	-41.45%	―	-44.47%	-504.44%
AMPG	52 Neutral	$43.82M	―	-29.09%	―	-21.44%	-3.31%
CMTL	49 Neutral	$73.49M	―	-43.88%	―	-12.02%	-615.33%
UTSI	49 Neutral	$24.91M	―	-9.04%	―	-30.95%	-8.17%

AmpliTech Group Corporate Events

AmpliTech Group Strengthens Board with New Appointment

On January 21, 2025, AmpliTech Group announced the appointment of Shailesh ‘Sonny’ Modi to its Board of Directors, bringing nearly 40 years of financial and business experience. This move followed the resignation of Matthew Kappers on January 17, 2025, for personal reasons. Modi, who has a strong background in finance and corporate governance, will serve on several committees, and his appointment is expected to leverage his expertise to help the company achieve its corporate goals.