AMPGZ · Amplitech Group, Inc. Series B Right

AmpliTech Group reported strong first quarter 2026 results, with revenue increasing 48.6% year-over-year to $5.35 million, driven primarily by a surge in the manufacturing and engineering segment, which grew to $3.28 million from $0.99 million in the prior-year quarter. Gross profit more than doubled, rising 116.1% to $2.57 million, and gross margin expanded significantly to 48.0% from 33.0%, reflecting improved product mix and operational efficiencies. Net loss improved 17.3% to $(1.52) million, narrowing from $(1.84) million in Q1 2025. The company strengthened its balance sheet, ending the quarter with $18.4 million in cash, cash equivalents, and marketable securities, and working capital improved to $25.4 million from $10.2 million at year-end 2025. AmpliTech remains debt-free, with total assets to total liabilities improving approximately 47% to $48.36 million. Management highlighted progress in commercializing 5G ORAN radio systems, proprietary RF/microwave technologies, and MMIC chip design programs, with several products transitioning from development to deployment. CEO Fawad Maqbool noted that the company believes its full-year revenue guidance remains achievable, but expects revenue recognition to be more heavily weighted toward the second half of the year due to customer delivery schedules and production timing. The company completed a rights offering and a registered direct offering during the quarter, generating aggregate net proceeds exceeding $16 million to support growth initiatives and operational expansion.