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HAUPPAUGE, N.Y. - AmpliTech Group, Inc. (NASDAQ:AMPG), currently trading at $1.96 with a market cap of $40.3 million, has received a follow-on purchase order exceeding $1 million from a strategic Open RAN systems integrator, according to a press release statement issued Tuesday. InvestingPro analysis indicates the stock is trading near its Fair Value, with analysts projecting profitability this year despite recent challenges.
The order is part of a previously announced Letter of Intent (LOI) with the global deployment partner. AmpliTech also reported it is making progress with deliveries against orders exceeding $10 million under a separate LOI with another 5G industry customer. With current revenue at $10.8 million and analysts forecasting 110% revenue growth for fiscal 2025, these orders represent significant potential expansion.
The company stated that shipments for the second LOI began in April, with production increasing in May and June. All funded orders related to both LOIs are expected to be fulfilled within the current fiscal year. While InvestingPro data shows the company maintains a strong current ratio of 12.1, indicating solid short-term liquidity, investors should note the company is currently burning through cash rapidly.
Fawad Maqbool, CEO of AmpliTech Group, noted that the follow-on order is part of a $78 million LOI and demonstrates customer confidence in the company’s ability to manage large orders and initiate shipments quickly.
AmpliTech has obtained CE/REACH and FCC certifications for its products, enabling global deployment. The company designs and manufactures signal processing components for satellite and 5G communications networks.
The Hauppauge-based firm operates through five divisions: AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services. For deeper insights into AMPG’s financial health and growth prospects, including 12 additional ProTips and comprehensive analysis, visit InvestingPro to access the full Pro Research Report.
In other recent news, AmpliTech Group reported a significant 57% increase in Q1 2025 revenue, reaching $3.6 million, driven by their advancements in 5G and satellite solutions. Despite this growth, the company faced a net loss of $1.8 million, attributed to ongoing investments in research and development. AmpliTech holds a record backlog of $19.6 million, with expectations to deliver $12 million of signed letters of intent by the end of the year. The company forecasts nearly $21 million in revenue for fiscal year 2025, doubling the previous year’s figures. Additionally, AmpliTech appointed Aamir Sultan to its Board of Advisors, enhancing its capability to expand into federal technology programs. Sultan’s expertise in technology infrastructure and government affairs is expected to support AmpliTech’s growth in both commercial and government sectors. The company remains optimistic about its strategic positioning, with plans to expand its market reach in North America, Europe, and Southeast Asia. Analyst discussions noted the company’s strategic focus and growth potential, with particular emphasis on its 5G radio technology.
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