AmpliTech Group (AMPG)
NASDAQ:AMPG
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AmpliTech Group
(NASDAQ:AMPG)
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Rating:58Neutral
Price Target:
$6.00
▲(57.89% Upside)
Action:Reiterated
Date:06/05/26
The score is held back primarily by weak profitability and ongoing cash burn despite strong revenue growth, while technical momentum is supportive with price well above key moving averages. Valuation remains difficult due to losses (negative P/E), and the latest earnings call was broadly positive with meaningful margin and liquidity improvements but highlighted back-end-weighted execution and LOI/timing risks.
Positive Factors
Revenue Growth
Sustained top-line acceleration (Q1 revenue +48.6%) indicates growing market traction in 5G and related end markets. Durable revenue scaling supports operating leverage over months, enables larger production runs, and validates product-market fit for core RF/microwave offerings.
Negative Factors
Negative Cash Flow
Persistent negative operating and free cash flow indicate the company still relies on external financing to fund growth. Continued cash burn increases dilution or refinancing risk, limits flexibility to invest, and could constrain execution if capital markets tighten over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line acceleration (Q1 revenue +48.6%) indicates growing market traction in 5G and related end markets. Durable revenue scaling supports operating leverage over months, enables larger production runs, and validates product-market fit for core RF/microwave offerings.
Read all positive factors
AmpliTech Group (AMPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$135.06M
Dividend YieldN/A
Average Volume (3M)3.92M
Price to Earnings (P/E)―
Beta (1Y)1.23
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. Volume7,844,509
30 Day Avg. Volume3,922,640
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 Cap0.63
Enterprise Value/Revenue3.16
Enterprise Value/Gross Profit12.74
Enterprise Value/Ebitda-14.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.39
Revenue Forecast (FY)$50.00M
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 comm...
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 | -5.88M | -6.03M | -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
3.80
Price Trends
2.76
Positive
2.88
Positive
3.19
Positive
Market Momentum
0.75
Negative
73.20
Negative
70.94
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 3.8 is below the 20-day moving average (MA) of 3.86, above the 50-day MA of 2.76, and above the 200-day MA of 3.19, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 73.20 is Negative, neither overbought nor oversold. The STOCH value of 70.94 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $157.35M | -31.97 | -3.82% | ― | 7.22% | 46.78% | |
62 Neutral | $250.96M | -22.21 | -9.30% | ― | 14.63% | 0.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $135.06M | -21.34 | -17.50% | ― | 149.18% | 54.90% | |
54 Neutral | $167.70M | 13.06 | 4.39% | ― | -4.37% | 76.76% | |
54 Neutral | $123.82M | -168.33 | -3.58% | ― | 9.13% | 81.23% |
* Technology Sector Average
AMPG
AmpliTech Group
5.88
3.68
167.27%
CMTL
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5.40
3.20
145.45%
KVHI
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8.41
3.27
63.62%
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14.13
11.41
419.49%
SILC
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42.98
28.31
193.06%
FKWL
Franklin Wireless
2.80
-1.39
-33.17%
AmpliTech Group Corporate Events
Business Operations and StrategyExecutive/Board Changes
AmpliTech Adopts New Performance-Based Executive Bonus Plan
Positive
Mar 16, 2026
On March 10, 2026, AmpliTech Group’s board, following its Compensation Committee’s recommendation, approved an annual performance-based bonus plan for its named executive officers, effective for the 2026 fiscal year and beyond. The pla...
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.