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HAUPPAUGE, N.Y. - AmpliTech Group, Inc. (NASDAQ:AMPG), a small-cap technology company with a market capitalization of $46 million and impressive 106% return over the past year, announced Tuesday that its cryogenic Low Noise Amplifiers (LNAs) are supporting the development of quantum computing technology, which processes information using qubits that can exist in multiple states simultaneously.
The company’s proprietary pHEMT-based cryogenic LNAs operate at temperatures as low as 4 Kelvin and deliver noise figures under 0.1 dB, which helps preserve quantum information integrity. According to the company, each qubit typically requires its own LNA, creating demand as quantum systems scale up. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 12.1, while holding more cash than debt on its balance sheet.
"Our LNAs are not just amplifiers—they are enablers of a quantum leap," said Fawad Maqbool, CEO and CTO of AmpliTech. While the company reported a revenue decline in the last twelve months, InvestingPro analysts project a return to profitability this year, with comprehensive insights available in the Pro Research Report, part of the extensive analysis covering 1,400+ US stocks.
The company stated that quantum computing is being developed by organizations including IBM, Google, Amazon, Honeywell, and Rigetti to potentially accelerate AI tasks such as drug discovery, secure communications, financial optimization, and defense simulations.
Industry analysts project the quantum computing hardware market to grow at a 33% CAGR through 2030, according to the press release. The company claims its pHEMT technology offers advantages in linearity, gain stability, and phase coherence compared to standard solutions.
AmpliTech Group designs and manufactures signal processing components for satellite, 5G, and other communications networks. The company comprises five divisions: AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services.
In other recent news, AmpliTech Group, Inc. reported a significant 57% increase in revenue for Q1 2025, reaching $3.6 million, despite a net loss of $1.8 million. The company holds a record backlog of $19.6 million and forecasts nearly $21 million in revenue for the fiscal year 2025. AmpliTech has also received additional orders totaling $3 million under a $40 million Letter of Intent (LOI) with a Tier 1 mobile network operator and a $1 million follow-on order from a strategic 5G systems integrator. These orders are part of larger LOIs, including a $78 million agreement, demonstrating customer confidence in AmpliTech’s capabilities. Moreover, the company has strengthened its advisory board by appointing AI expert Aamir Sultan, aiming to expand its presence in federal technology programs. AmpliTech’s recent achievements in securing FCC certifications further bolster its position for global deployment. These developments reflect the company’s ongoing efforts to enhance its 5G and satellite solutions, positioning it for future growth.
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