AmpliTech Group Reports Q1 FY2025 Results and Signals Positive Outlook with Record Bookings and Strategic IP Advancements

Rhea-AI Summary

AmpliTech Group (NASDAQ: AMPG) reported its Q1 FY2025 results with revenue reaching $3.6 million, a 57% increase from Q1 FY2024. The company announced record bookings and a significant backlog of $19.6 million as of April 30, 2025. AmpliTech has secured $12 million in firm orders from previously announced Letters of Intent totaling over $118 million.

The company provided strong FY2025 guidance, projecting revenue of at least $21 million, representing over 100% growth year-over-year. Notable achievements include obtaining CE, FCC, and REACH certifications for ORAN 5G radio systems and expanding its proprietary LNB product line. AmpliTech maintains a solid financial position with $19.1 million in cash and receivables, $24.6 million in working capital, and zero debt.

Positive

• Record $19.6 million backlog signals strong future revenue potential
• Secured $12 million in firm orders from $118 million LOI pipeline
• Revenue guidance of $21 million for FY2025, representing 100%+ growth
• Strong balance sheet with $19.1M in cash/receivables and zero debt
• Obtained key certifications (CE, FCC, REACH) for ORAN 5G radio systems
• 57% year-over-year revenue growth in Q1 FY2025

Negative

• Q1 results described as 'not stellar' despite revenue growth
• LNB revenues still need 12 months to match core LNA sales

Insights

Financial Analyst

AmpliTech reported 57% revenue growth, issued ambitious 100%+ growth guidance backed by record $19.6M backlog, despite an admitted "not stellar" Q1.

AmpliTech's Q1 numbers show revenue of $3.6 million, representing a 57% year-over-year increase. While management candidly acknowledges Q1 results weren't "stellar," the forward indicators tell a more compelling story, with April bookings pushing the company to its highest order backlog in history.

The balance sheet remains exceptionally strong with $19.1 million in cash and receivables, $24.6 million in working capital, and zero debt. This financial position provides significant operational flexibility as the company scales operations to meet increasing demand.

What's particularly noteworthy is management's confident full-year revenue guidance of at least $21 million – representing a 100%+ increase over FY2024. This guidance appears well-supported by the $19.6 million backlog already secured by April 30th. Of the previously announced $118 million in Letters of Intent, $12 million has converted to firm orders scheduled for FY2025 delivery.

The dual revenue streams from both core Low Noise Amplifier technology and semiconductor distribution are showing recovery trends. More significantly, management projects their new LNB product line targeting the satellite market will match core LNA sales within 12 months, potentially creating a more diversified and balanced revenue structure.

The achievement of CE, FCC, and REACH certifications for their ORAN 5G radio systems represents a crucial barrier-to-entry advantage, enabling global commercialization of their technology and strengthening their intellectual property foundation. With shipments already underway to a Tier 1 mobile network operator in Canada, the company is demonstrating traction in the highly competitive 5G infrastructure market.

Provides Full-Year Guidance Forecasting Over 100% Revenue Growth; Highlights Enhanced IP and Corporate Valuation

HAUPPAUGE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leader in the design and manufacture of advanced signal processing components for satellite, public and private 5G, and other communications systems, today reported its financial results for the first quarter ended March 31, 2025. Although Q1 results were not stellar, the company also shared encouraging revenue guidance for FY2025, driven by significant customer demand and the successful execution of IP-centered strategic initiatives.

The company will host an investor call at 5:00 PM ET on Thursday, May 15, 2025.
U.S. Toll-Free: 1-833-630-0019
International Dial-In: 1-412-317-1807

Q1 FY2025 Highlights and Strategic Progress

• Revenue reached $3.6 million, marking a 57% increase over Q1 FY2024 and the strongest quarterly performance since Q4 FY2023.
• Bookings surged, with April included, resulting in the highest order backlog in company history, a strong indicator of sustained momentum.
• Improved market demand was seen across both the core Low Noise Amplifier (LNA) division and semiconductor distribution business, reflecting an encouraging recovery trend.
• The company ended the quarter with $19.1 million in cash and receivables, $24.6 million in working capital, and zero debt, underscoring its strengthened financial position.
• Inventory remains healthy with over $7 million in raw materials and finished goods to meet immediate demand.

Guidance and Forward-Looking Growth

AmpliTech has already booked $12 million in firm orders from its recently announced Letters of Intent totaling over $118 million, with all booked revenue scheduled for delivery in FY2025. As of April 30, 2025, the company confirmed a record $19.6 million backlog, supporting full-year revenue guidance of at least $21 million, more than double the sales of the prior fiscal year.
This strong forward guidance is supported by major operational milestones achieved in the first four months of FY2025:

• CE, FCC, and REACH certifications were secured for AmpliTech’s ORAN 5G radio systems, enabling domestic and global deployment, a transformative IP advancement.
• The company’s core division, AmpliTech Inc., expanded its proprietary LNB product line, targeting the satellite market with next-gen performance based on AmpliTech’s low-noise IP foundation.
• Based on quoting activity and demand trends, LNB revenues are projected to match core LNA sales within 12 months, further elevating IP-driven valuation.
• AmpliTech continues to build its global 5G brand presence through participation in key industry events, including Mobile World Congress, IEEE MILCOM (U.S. Defense focus), and LEAP 2026 in Saudi Arabia.

CEO Commentary: Enhancing IP and Investor Value

Fawad Maqbool, CEO of AmpliTech, stated: "This quarter reflects a turning point in AmpliTech’s growth trajectory. In addition to securing the largest backlog in company history, we have substantially strengthened our intellectual property portfolio, including patents and certifications that enhance the underlying valuation of the company. Our FY2025 guidance confidently reflects this foundation, more than doubling last year’s revenue, while keeping expenses tightly managed."

Jorge Flores, COO of AmpliTech, stated: "Our certified ORAN 5G radios are already being deployed globally. The successful acquisition of over $118 million in signed LOIs, $12 million of which is already funded, confirms our emergence as a top-tier provider of ORAN 5G infrastructure. Shipments to a Tier 1 MNO in Canada are underway, and more are expected. At the current pace, we anticipate reaching or exceeding last year’s revenue total within the first six months of FY2025."

Looking Ahead

With a record-breaking backlog, a healthy balance sheet, an expanding portfolio of proprietary 5G and satellite technologies, and global certifications now in place, AmpliTech is positioned to deliver successive quarters of growth, enhanced shareholder value, and a significantly stronger IP valuation in 2025 and beyond.

About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions, AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. For more information, please visit www.amplitechgroup.com.

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, that these financial results and revenue projections will lead to further production orders, work from additional customers, growth and profitability. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" for LNA, LNB, 5G orders 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 and with the SEC at sec.gov. 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.

Contacts:
Corporate Social Media
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Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
LinkedIn: Amplitech Group Inc

Investor Social Media
X: @AMPG_IR
StockTwits: @AMPG_IR

Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com

ADDITIONAL COVERAGE
Maxim Group LLC’s research department currently covers AmpliTech Group and certain research reports may be available to current AmpliTech Group shareholders. Please email: rep@maximgrp.com for more information.

Maxim Group is a FINRA and SEC registered broker-dealer. For more information regarding Maxim Group please visit: https://www.maximgrp.com/legal/disclosures.

FAQ

What was AmpliTech Group's (AMPG) revenue guidance for FY2025?

AmpliTech Group provided revenue guidance of at least $21 million for FY2025, representing more than 100% growth compared to the previous fiscal year.

How much was AmpliTech's (AMPG) Q1 2025 revenue?

AmpliTech reported Q1 FY2025 revenue of $3.6 million, marking a 57% increase compared to Q1 FY2024.

What is AmpliTech's (AMPG) current order backlog?

As of April 30, 2025, AmpliTech reported a record backlog of $19.6 million.

How much cash and working capital does AmpliTech (AMPG) have?

AmpliTech ended Q1 2025 with $19.1 million in cash and receivables, $24.6 million in working capital, and zero debt.

What certifications did AmpliTech (AMPG) receive for its 5G systems?

AmpliTech secured CE, FCC, and REACH certifications for its ORAN 5G radio systems, enabling domestic and global deployment.