Quarterly ResultMay 13, 2026, 04:12 PM
AmpliTech Q1 Revenue +48.6% to $5.35M; Net Loss $(1.52M)
AI Summary
AmpliTech Group, Inc. reported a significant increase in revenue for the first quarter of 2026, reaching $5.35 million, a 48.6% rise year-over-year. The company also reduced its net loss to $1.52 million from $1.84 million in the prior year. This quarter saw substantial capital raises through a rights offering and a registered direct offering, contributing to a strong increase in cash and stockholders' equity.
Key Highlights
- Total revenues increased by 48.6% to $5,349,446 for Q1 2026 from $3,599,099 in Q1 2025.
- Net loss decreased by 17.3% to $(1,521,707) for Q1 2026 from $(1,840,521) in Q1 2025.
- Net loss per share improved to $(0.06) in Q1 2026 from $(0.09) in Q1 2025.
- Manufacturing and Engineering segment revenue grew to $3,283,537 in Q1 2026 from $985,536 in Q1 2025.
- Distribution segment revenue decreased to $2,065,909 in Q1 2026 from $2,613,563 in Q1 2025.
- Cash and cash equivalents increased to $11,807,881 as of March 31, 2026, from $4,981,091 at year-end 2025.
- Net proceeds from rights offering were $8,063,498, and from registered direct offering were $8,323,748.
- Long-term deposits for development projects increased to $2,266,175 from $1,469,764.