Company Summary: AmpliTech Group Inc.

Overview

• Name: AmpliTech Group Inc.
• Incorporation: 2010 in Nevada
• Headquarters: Hauppauge, NY (155 Plant Avenue, 11788)
• Employees: Approximately 47 full-time employees as of March 21, 2025
• Primary Industry: Design, engineering, and manufacturing of RF/microwave components and systems for high-frequency applications

Core Business Segments & Offerings

1. AmpliTech, Inc.

• Designs, engineers, and assembles microwave component-based amplifiers meeting customer specifications.
• Product Range: RF amplifiers and subsystems operating from 50kHz to 44GHz, including:
  • Low Noise Amplifiers (LNA)
  • Medium Power Amplifiers
  • Cryogenic Amplifiers
  • Custom assembly designs
• Markets served:
  • Aerospace
  • Government and Defense
  • Commercial Satellite
  • Space applications
  • Quantum computing

2. Specialty Microwave (Acquired 2019)

• Designs and manufactures precision SATCOM microwave components.
• Products include rugged waveguides, waveguide adapters, and specialized electronic assemblies for military and commercial use.

3. Spectrum Semiconductor Materials (Acquired 2021)

• Acts as a distributor of IC packaging and lids for semiconductor device assembly, prototyping, testing, and manufacturing.

4. AmpliTech Group MMIC Design Center (AGMDC)

• Established in Texas in 2021.
• Specializes in the design, development, and manufacturing of MMICs (Monolithic Microwave Integrated Circuits).
• Focuses on high-frequency chips for satellite, 5G, defense, space, and commercial applications.
• Has released over 125 new MMIC products, including LNAs, power amplifiers, filters, and attenuators.

5. AmpliTech Group True G Speed Services (AGTGSS)

• Founded August 2022.
• Focus on planning and configuring 5G radio systems; making them O-RAN compliant.
• Develops and manufactures 5G Open Radio Units (ORAN) and full proprietary 5G radio networks.
• Key products:
  • 5G NIB (Network in a Box) – rapid deployment solutions
  • Massive MIMO 64T64R ORAN compliant radios
  • Private 5G ORAN full radio networks (RUs, DUs, CUs)
• Uses proprietary amplifiers and MMICs in these systems to improve coverage, range, and speed.

Key Business Initiatives and Recent Actions

• Acquisitions:
  • Spectrum Semiconductor (2021): Assets related to IC packaging
  • 5G ORAN radio products assets (2025): Intellectual property from Titan Crest, LLC, to develop and sell 5G radio products with multi-year purchase orders from Telus
• Product Development:
  • Developing high-performance LNAs, MMICs, cryogenic amplifiers, and 5G infrastructure solutions.
  • Progressing on a flagship product, the 5G MIMO Massive MIMO ORAN radio.
• Financial Moves:
  • Multiple equity offerings in 2024 raising a cumulative total of over $20 million gross proceeds.
  • Full debt repayment of a $1.3M loan in July 2024.
  • Recent asset purchase agreement (March 2025) for $8 million to acquire 5G radio assets and intellectual property.
• Future Orders:
  • Non-binding LOI for $78 million of 5G radios from a contract manufacturer, with deliveries expected to start in 2025.

Financial Summary (2024)

• Revenue: ~$9.5 million (decreased from ~$15.6 million in 2023)
• Net Loss: ~$11.2 million (significantly increased from ~$2.5 million in 2023)
• Gross Profit: ~$3.5 million (gross margin approximately 36.65%)
• Operating Loss: ~$8.4 million
• Cash & Cash Equivalents: ~$19.3 million as of December 31, 2024
• Working Capital: ~$26.8 million
• Number of Shareholders: Approximately 44 record holders as of March 21, 2025
• Significant Customer: One customer accounted for 13.97% of revenue in 2024

Market & Industry Focus

• High-demand segments include advanced RF semiconductors, 5G infrastructure, satellite communications, IoT, quantum computing, and military applications.
• Faces competition from larger, well-established industry players, but emphasizes technology, design flexibility, and innovation to compete.
• Regulatory compliance includes international and US laws, environmental regulations, and intellectual property protections including recent patents.

Strategic Goals

• Expand product lines into 5G/6G, cryogenic amplifiers, and MMICs.
• Develop total systems and subsystems using proprietary core technology.
• Scale operations via strategic partnerships, licensing, and acquisitions.
• Establish leadership in high-frequency communication infrastructure and quantum markets.

Summary:
AmpliTech Group Inc. is a high-technology developer and manufacturer of RF/microwave amplifiers and system solutions primarily for aerospace, defense, satellite, 5G infrastructure, and quantum computing markets. It has around 47 employees, generated approximately $9.5 million in revenue in 2024, and reported losses of about $11.2 million. The company has engaged in multiple recent financings, acquisitions, and asset purchases to strengthen and expand its product offerings and market presence in next-generation wireless and space communications.