AmpliTech Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 09:01 am EDT
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AmpliTech Group, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 5.1 million compared to USD 0.472974 million a year ago. Net income was USD 0.003625 million compared to net loss of USD 0.879931 million a year ago.
AmpliTech Group, Inc. is engaged in designing, engineering, and assembling micro-wave component-based amplifiers. Its divisions include Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech Group MMIC Design Center (AGMDC) and AmpliTech Group True G Speed Services (AGTGSS). Its products consist of radio frequency (RF) amplifiers and related subsystems, operating at multiple frequencies from 50 kilohertz (kHz) to 44 gigahertz (GHz), and custom assembly designs for the global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets. Its Specialty Microwave division designs and manufactures satellite communication (SATCOM) microwave components, RF subsystems and specialized electronic assemblies for the military and commercial markets and more. AGMDC designs, develops and manufactures signal processing components for satellites. AGTGSS division provides managed services, cybersecurity, cloud services, data sciences and telco cloud services.
AMPLITECH GROUP, INC. 
