Communications Components Provider AmpliTech to Host Investor Call to Review Growth Strategy and Outlook Thursday, June 16th at 1 PM ET; Dial-in # 1-877-270-2148
15 Junho 2022 - 10:05AM
AmpliTech Group, Inc. (Nasdaq: AMPG), a designer, developer, and
manufacturer of state-of-the-art signal-processing components for
satellite, 5G, and other communications networks and a global
distributor of packages and lids for integrated circuit assembly,
today announced that it will host an investor update call on
Thursday, June 16th at 1:00 p.m. ET to review the progress of its
growth initiatives and answer investor questions. Dial-in details
are provided below.
AmpliTech Highlights and Outlook
- Q1’22 revenue rose 978.2% to a record $5,099,520 in Q1’22 vs.
$472,974 in Q1’21
- Q1’22 revenue of $5,099,520 nearly matched full year 2021
revenue of $5,275,434
- Q1’ 22 gross profit improved to $2,323,598 (45.6% gross profit
margin) from Q1’ 21 gross profit $54,981 (11.6% gross profit
margin). Core LNA revenue doubled year over year from $472K in
Q1’21 to $1.07M in Q1’22
- Positive EBITDA of $140,169 achieved during Q1’22.
- Achieved net income in Q1’22 of $3,625 vs. Q1’21 net loss of
$879,931
- As of the end of Q1 2022, cash and equivalents were $16.0M,
giving AmpliTech ample capital to finance its long-term growth
initiatives.
Investor Call
DetailsDate/Time:
Thursday, June 16th at 1:00 pm ETDial-in
Number
1-877-270-2148 (domestic) or 1-412-902-6510 (international)Online
Replay/Transcript:
Audio file and call transcript will be posted to
AmpliTech’s investor relations page when available.Investor
Questions:
May be submitted to shan@amplitechgroup.com prior to or
during the call.
About AmpliTech Group AmpliTech Group, Inc.
designs, develops, manufactures, and distributes state-of-the-art
radio frequency (RF) microwave components for global satellite
communications, telecom (5G & IoT), space, defense, and quantum
computing markets, as well as systems and component design
consulting services. In December 2021, AmpliTech completed the
purchase of the assets and operations of Spectrum Semiconductor
Materials Inc., a global specialty distributor of semiconductor
components based in San Jose, CA. AmpliTech has a 13+ year track
record of developing high-performance, custom solutions to meet the
unique needs of some of the largest companies in the global
industries we serve. We are proud of the unique skills, experience,
and dedication of our focused team, which enables us to deliver
superior solutions, faster time to market, competitive pricing, and
excellent customer satisfaction for repeat business.
Safe Harbor Statement
This release contains statements that constitute
forward-looking statements. These statements appear in several
places in this release and include all statements that are not
statements of historical fact regarding the intent, belief or
current expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's ability to
execute its business plan as anticipated; (ii) trends affecting the
Company's financial condition or results of operations; (iii) the
Company's growth strategy and operating strategy. The words "may"
"would" "will" "expect" "estimate" "anticipate" "believe" "intend"
and similar expressions and variations thereof are intended to
identify forward-looking statements. Investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond the Company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements because of various factors. Other risks are identified
and described in more detail in the “Risk Factors” section of the
Company’s filings with the SEC, which are available on our website.
We undertake no obligation to update, and we do not have a policy
of updating or revising, these forward-looking statements, except
as required by applicable law.
Non-GAAP Financial InformationThis press
release includes a statement relating to the Company’s order
EBITDA. EBITDA represents the company’s earnings before interest,
taxes, depreciation, and amortization. The Company considers EBITDA
a relevant and preferred supplemental measure for understanding the
Company’s financial performance. However, such measures have
inherent limitations, are not required to be uniformly applied or
audited and other companies may use methodologies to calculate
similar measures that are not comparable. Readers should be aware
of these limitations and should be cautious as to their use of such
measures.
Corporate Social
Media
Twitter: @AmpliTechAMPG
Instagram:
@AmpliTechAMPG
Facebook: AmpliTechInc
Investor Social MediaTwitter:
@AMPG_IRStockTwits: @AMPG_IR
Company
Contact: Shan
Sawant, Director of
Communications AmpliTech
Group, Inc. shan@AmpliTech.com 646-546-7128
Amplitech (NASDAQ:AMPG)
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