AmpliTech Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 01, 2024 at 09:01 am EDT
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AmpliTech Group, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was USD 15.58 million compared to USD 19.39 million a year ago. Net loss was USD 2.47 million compared to USD 0.677107 million a year ago.
Basic loss per share from continuing operations was USD 0.26 compared to USD 0.07 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.