AmpliTech Group, Inc. (AMPG) 10-Year Financial Performance & Capital Metrics

AMPG • • Industrial / General

TechnologyCommunication EquipmentWireless Infrastructure & BackhaulWireless Broadband Access

AboutAmpliTech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains. It also provides specialty microwave block downconverters used as a test device on satellite access point antennas; specialty microwave 1:2 Tx protection switch panels that is used in satellite communication earth stations; desktop/benchtop and compact wideband power amplifiers; and waveguide to coaxial adapters for SATCOM and satellite internet gateway systems. In addition, the company offers cryogenic amplifiers for quantum computing, medical, RF imaging, research and development, space communications, accelerators, radiometry, and telephony applications; and cryogenic and non-cryogenic 4g/5g small cell subsystems for high-speed networks and airline Wi-Fi systems. Further, it provides custom assembly designs and non-recurring engineering services on a project-by-project basis, as well as IC packaging and lids products. The company serves aerospace, government, defense, commercial satellite, and wireless industries through sales representatives and distributors in the United States, Europe, the Middle East, and South Asia. AmpliTech Group, Inc. was founded in 2002 and is based in Bohemia, New York.Show more

Revenue $10M -39.0%
EBITDA -$8M -285.6%
Net Income -$11M -356.0%
EPS (Diluted) -1.08 -315.4%
Gross Margin 36.65% -20.1%
EBITDA Margin -83% -532.1%
Operating Margin -88.66% -436.1%
Net Margin -118.24% -647.4%
ROE -35.04% -293.9%
ROIC -27.14% -212.7%
Debt/Equity 0.12 -14.4%
Interest Coverage -28.85

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Strong 5Y sales CAGR of 24.9%
✓Trading at only 1.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.24%

5Y24.94%

3Y21.7%

TTM93.45%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM4.06%

EPS CAGR

10Y-

5Y-

3Y-

TTM37.25%

ROCE

10Y Avg14.77%

5Y Avg-19.61%

3Y Avg-10.32%

Latest-23.47%

Peer Comparison

Wireless Broadband Access

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UIUbiquiti Inc.	33.49B	553.52	47.07	33.45%	28.72%	95.58%	1.87%	0.45
FEIMFrequency Electronics, Inc.	567.4M	58.03	23.59	26.3%	30.12%	35.99%		0.16
CMBMCambium Networks Corporation	44.34M	1.57	-0.56	-25.84%	-56.98%	-224.89%		0.39
AMPGAmpliTech Group, Inc.	84.92M	3.70	-3.43	-38.99%	-33.77%	-21.28%		0.12
AIRGAirgain, Inc.	49.27M	4.12	-5.22	8.14%	-10.87%	-20%		0.13
KNKnowles Corporation	2.12B	24.93	-9.34	21.17%	6.85%	5.23%	5.49%	0.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.48M	2.04M	1.38M	2.4M	3.12M	3.46M	5.28M	19.39M	15.58M	9.51M
Revenue Growth %	0.16%	0.37%	-0.32%	0.74%	0.3%	0.11%	0.53%	2.68%	-0.2%	-0.39%
Cost of Goods Sold+	751.71K	827.6K	652.44K	1.02M	1.56M	2.2M	3.98M	10.47M	8.43M	6.02M
COGS % of Revenue	0.51%	0.41%	0.47%	0.42%	0.5%	0.64%	0.76%	0.54%	0.54%	0.63%
Gross Profit+	733.09K	1.21M	728.3K	1.38M	1.57M	1.25M	1.29M	8.92M	7.15M	3.48M
Gross Margin %	0.49%	0.59%	0.53%	0.58%	0.5%	0.36%	0.25%	0.46%	0.46%	0.37%
Gross Profit Growth %	0.2%	0.65%	-0.4%	0.9%	0.13%	-0.2%	0.03%	5.9%	-0.2%	-0.51%
Operating Expenses+	646.51K	736.93K	818.39K	1.04M	1.41M	2.17M	6.4M	8.77M	9.73M	11.91M
OpEx % of Revenue	0.44%	0.36%	0.59%	0.43%	0.45%	0.63%	1.21%	0.45%	0.62%	1.25%
Selling, General & Admin	646.51K	736.93K	818.39K	1.04M	1.35M	2.11M	4.57M	7.63M	7.39M	7.86M
SG&A % of Revenue	0.44%	0.36%	0.59%	0.43%	0.43%	0.61%	0.87%	0.39%	0.47%	0.83%
Research & Development	0	35.37K	68.45K	42.94K	56.51K	61.95K	1.83M	1.02M	2.34M	3.59M
R&D % of Revenue	-	0.02%	0.05%	0.02%	0.02%	0.02%	0.35%	0.05%	0.15%	0.38%
Other Operating Expenses	0	-35.37K	0	0	0	0	0	120.14K	0	468K
Operating Income+	86.58K	471.92K	-90.1K	341.42K	159K	-916K	-5.11M	150.96K	-2.58M	-8.43M
Operating Margin %	0.06%	0.23%	-0.07%	0.14%	0.05%	-0.26%	-0.97%	0.01%	-0.17%	-0.89%
Operating Income Growth %	2.22%	4.45%	-1.19%	4.79%	-0.53%	-6.76%	-4.57%	1.03%	-18.07%	-2.27%
EBITDA+	116.18K	500.77K	-63.23K	380.25K	288.43K	-689.09K	-4.87M	1.11M	-2.05M	-7.89M
EBITDA Margin %	0.08%	0.25%	-0.05%	0.16%	0.09%	-0.2%	-0.92%	0.06%	-0.13%	-0.83%
EBITDA Growth %	4.56%	3.31%	-1.13%	7.01%	-0.24%	-3.39%	-6.06%	1.23%	-2.85%	-2.86%
D&A (Non-Cash Add-back)	29.6K	28.86K	26.86K	38.82K	129.44K	226.91K	236.7K	957.25K	531.16K	538.76K
EBIT	86.58K	471.92K	-90.1K	341.42K	82K	-916K	-4.72M	271.09K	-2.44M	-7.96M
Net Interest Income+	-36.53K	-15.63K	-6.95K	-12.43K	-76.05K	-110K	-42.81K	-13.01K	19.28K	-292K
Interest Income	0	0	0	0	0	0	0	0	19.28K	0
Interest Expense	36.53K	15.63K	6.95K	12.43K	76.05K	109.61K	42.81K	13.01K	0	292.19K
Other Income/Expense	-36.53K	-15.63K	-6.95K	-12.43K	-153.05K	-110K	346.62K	-828.06K	136.1K	-2.8M
Pretax Income+	50.05K	456.29K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.44M	-11.23M
Pretax Margin %	0.03%	0.22%	-0.07%	0.14%	0%	-0.3%	-0.9%	-0.03%	-0.16%	-1.18%
Income Tax+	0	0	0	0	0	0	0	0	24K	15K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1.01%	1%
Net Income+	50.05K	456.29K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.47M	-11.24M
Net Margin %	0.03%	0.22%	-0.07%	0.14%	0%	-0.3%	-0.9%	-0.03%	-0.16%	-1.18%
Net Income Growth %	1.06%	8.12%	-1.21%	4.39%	-0.98%	-173.58%	-3.64%	0.86%	-2.64%	-3.56%
Net Income (Continuing)	50.05K	456.29K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.47M	-11.24M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.01	0.20	-0.04	0.08	0.00	-0.37	-0.53	-0.07	-0.26	-1.08
EPS Growth %	1.02%	16.09%	-1.21%	2.78%	-0.98%	-	-0.43%	0.87%	-2.71%	-3.15%
EPS (Basic)	0.02	0.20	-0.04	0.14	0.00	-0.37	-0.53	-0.07	-0.26	-1.08
Diluted Shares Outstanding	4.29M	4.29M	2.31M	4.38M	4.5M	2.78M	8.9M	9.61M	9.66M	10.43M
Basic Shares Outstanding	2.31M	2.31M	2.31M	2.39M	2.43M	2.78M	8.9M	9.61M	9.66M	10.43M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	383.79K	700.54K	604.97K	1.22M	1.88M	1.4M	24.28M	22.17M	17.15M	28.33M
Cash & Short-Term Investments	49.03K	283.66K	117.99K	442.1K	574.71K	199.54K	18.02M	13.54M	6.73M	19.32M
Cash Only	49.03K	283.66K	117.99K	442.1K	574.71K	199.54K	18.02M	13.29M	6.73M	19.32M
Short-Term Investments	0	0	0	0	0	0	0	247.45K	0	0
Accounts Receivable	175.87K	146.24K	137.47K	262K	619.2K	357.06K	1.86M	1.8M	2.54M	1.26M
Days Sales Outstanding	43.23	26.22	36.33	39.9	72.38	37.69	128.78	33.91	59.55	48.24
Inventory	145.81K	266.94K	335.67K	391.19K	557.71K	517.34K	4.19M	6.63M	6.54M	7.59M
Days Inventory Outstanding	70.8	117.73	187.78	140.54	130.77	85.68	384.23	231.21	282.93	459.89
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	96.25K	82.04K	60.55K	192.45K	1.48M	1.42M	10.94M	14.51M	14.26M	15.14M
Property, Plant & Equipment	87.81K	73.29K	51.8K	180.75K	663.2K	636.41K	2.47M	6.22M	6.14M	6.65M
Fixed Asset Turnover	16.91x	27.78x	26.66x	13.26x	4.71x	5.43x	2.13x	3.12x	2.54x	1.43x
Goodwill	0	0	0	0	120.14K	120.14K	4.82M	4.7M	4.7M	4.7M
Intangible Assets	0	0	0	0	673.43K	632.21K	3.28M	3.13M	2.98M	2.37M
Long-Term Investments	0	0	0	0	0	0	250K	348.25K	348.25K	348.25K
Other Non-Current Assets	8.43K	8.75K	8.75K	11.71K	27.82K	26.71K	122.4K	113.19K	91.48K	824.17K
Total Assets+	480.04K	782.58K	665.52K	1.41M	3.36M	2.81M	35.23M	36.68M	31.41M	43.47M
Asset Turnover	3.09x	2.60x	2.08x	1.70x	0.93x	1.23x	0.15x	0.53x	0.50x	0.22x
Asset Growth %	0.08%	0.63%	-0.15%	1.12%	1.39%	-0.16%	11.53%	0.04%	-0.14%	0.38%
Total Current Liabilities+	338.92K	226.26K	165.16K	378.6K	521.07K	654.45K	3.82M	1.84M	1.5M	1.54M
Accounts Payable	93.67K	92.83K	57.15K	-190.4K	154.51K	113.54K	3.01M	860.37K	846.18K	941.41K
Days Payables Outstanding	45.48	40.94	31.97	-	36.23	18.8	275.5	29.99	36.62	57.05
Short-Term Debt	167.61K	69.91K	76.44K	72.9K	330.88K	405.59K	129.88K	764.22K	80.84K	466.14K
Deferred Revenue (Current)	77.63K	22.43K	31.58K	190.4K	0	15.3K	253.91K	210.85K	14.24K	0
Other Current Liabilities	0	0	0	276.52K	35.68K	0	0	-619.86K	0	128.09K
Current Ratio	1.13x	3.10x	3.66x	3.21x	3.60x	2.13x	6.36x	12.08x	11.44x	18.45x
Quick Ratio	0.70x	1.92x	1.63x	2.18x	2.53x	1.34x	5.27x	8.46x	7.08x	13.51x
Cash Conversion Cycle	68.55	103	192.15	-	166.92	104.56	237.51	235.13	305.86	451.08
Total Non-Current Liabilities+	0	0	0	113.93K	1.75M	1.72M	2.38M	6.09M	3.23M	4.44M
Long-Term Debt	0	0	0	0	1.32M	1.4M	200.49K	89.6K	0	0
Capital Lease Obligations	0	0	0	113.93K	421.72K	318.21K	812.79K	3.82M	3.2M	4.16M
Deferred Tax Liabilities	0	0	0	113.93K	0	0	-1.37M	0	0	285K
Other Non-Current Liabilities	0	0	0	0	0	0	1.37M	2.18M	24K	0
Total Liabilities	338.92K	226.26K	165.16K	492.54K	2.27M	2.37M	6.19M	7.92M	4.73M	5.98M
Total Debt+	167.61K	69.91K	76.44K	216.01K	2.08M	2.24M	1.57M	5.29M	3.84M	4.62M
Net Debt	118.58K	-213.75K	-41.55K	-226.09K	1.5M	2.04M	-16.45M	-8M	-2.88M	-14.69M
Debt / Equity	1.19x	0.13x	0.15x	0.24x	1.90x	5.09x	0.05x	0.18x	0.14x	0.12x
Debt / EBITDA	1.44x	0.14x	-	0.57x	7.20x	-	-	4.78x	-	-
Net Debt / EBITDA	1.02x	-0.43x	-	-0.59x	5.21x	-	-	-7.22x	-	-
Interest Coverage	2.37x	30.20x	-12.96x	27.47x	2.09x	-8.36x	-119.26x	11.60x	-	-28.85x
Total Equity+	141.12K	556.32K	500.36K	915.3K	1.09M	440.28K	29.03M	28.76M	26.68M	37.49M
Equity Growth %	0.55%	2.94%	-0.1%	0.83%	0.19%	-0.6%	64.94%	-0.01%	-0.07%	0.41%
Book Value per Share	0.03	0.13	0.22	0.21	0.24	0.16	3.26	2.99	2.76	3.59
Total Shareholders' Equity	141.12K	556.32K	500.36K	915.3K	1.09M	440.28K	29.03M	28.76M	26.68M	37.49M
Common Stock	46.14K	46.14K	46.14K	48.34K	49.09K	4.84K	9.58K	9.63K	9.71K	19.66K
Retained Earnings	-1.54M	-1.12M	-1.18M	-848.76K	-842.81K	-1.87M	-6.63M	-7.3M	-9.77M	-21.01M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	4	41.1K	5	2	24.48K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.81K	346.66K	-166.83K	352.3K	-20.02K	-521.49K	-2.2M	-3.43M	-3.47M	-5.3M
Operating CF Margin %	0.02%	0.17%	-0.12%	0.15%	-0.01%	-0.15%	-0.42%	-0.18%	-0.22%	-0.56%
Operating CF Growth %	1.55%	10.63%	-1.48%	3.11%	-1.06%	-25.05%	-3.22%	-0.56%	-0.01%	-0.53%
Net Income	50.05K	415.2K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.47M	-11.24M
Depreciation & Amortization	29.6K	28.86K	26.86K	38.82K	129.44K	226.91K	236.7K	957.25K	531.16K	538.76K
Stock-Based Compensation	0	0	0	0	118.02K	128.93K	785.98K	399.13K	389.66K	517.78K
Deferred Taxes	0	0	0	0	0	0	0	0	24K	15K
Other Non-Cash Items	89.7K	150.05K	149.37K	37.6K	90.11K	67.23K	34.85K	978.01K	571.01K	4.42M
Working Capital Changes	-49.84K	-97.39K	-96.64K	-53.12K	-363.52K	81K	1.5M	-5.08M	-2.52M	450.25K
Change in Receivables	-42.48K	29.63K	8.77K	-124.54K	-357.19K	262.14K	-261.76K	59.32K	-740.94K	1.29M
Change in Inventory	18.05K	-121.12K	-68.73K	-55.52K	135.23K	40.37K	500.71K	-2.44M	76.54K	-967.19K
Change in Payables	-12.31K	49.62K	-35.69K	-31.88K	23.43K	0	0	0	0	0
Cash from Investing+	-1.57K	-14.34K	-5.37K	-10.58K	-681.29K	-71.62K	-10.61M	-1.08M	-725.9K	-3.29M
Capital Expenditures	-1.57K	-14.34K	-5.37K	-10.58K	-12.65K	-71.62K	-1.06M	-735.76K	-973.35K	-42.92K
CapEx % of Revenue	0%	0.01%	0%	0%	0%	0.02%	0.2%	0.04%	0.06%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-5.37K	0	0	0	0	0	0	0
Cash from Financing+	1.64K	-97.7K	6.53K	-17.61K	833.91K	217.93K	30.63M	-224.22K	-2.37M	21.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-97.7K	6.53K	-3.54K	0	8.24K	1.47M	0	-2.18M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	28.23K	332.33K	-172.2K	341.72K	-32.67K	-593.1K	-3.26M	-4.16M	-4.44M	-5.34M
FCF Margin %	0.02%	0.16%	-0.12%	0.14%	-0.01%	-0.17%	-0.62%	-0.21%	-0.29%	-0.56%
FCF Growth %	1.52%	10.77%	-1.52%	2.98%	-1.1%	-17.16%	-4.5%	-0.28%	-0.07%	-0.2%
FCF per Share	0.01	0.08	-0.07	0.08	-0.01	-0.21	-0.37	-0.43	-0.46	-0.51
FCF Conversion (FCF/Net Income)	0.60x	0.76x	1.72x	1.07x	-3.37x	0.51x	0.46x	5.06x	1.41x	0.47x
Interest Paid	0	15.7K	7.1K	8.71K	51.89K	107.01K	52.7K	42.45K	27.26K	298.81K
Taxes Paid	0	750	53	50	50	200	0	4.29K	10.2K	8.63K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	43.11%	130.85%	-18.37%	46.48%	0.59%	-133.77%	-32.29%	-2.34%	-8.89%	-35.04%
Return on Invested Capital (ROIC)	33.96%	117.54%	-16.86%	44.61%	7.26%	-27.05%	-50.83%	0.68%	-8.68%	-27.14%
Gross Margin	49.37%	59.38%	52.74%	57.61%	50.15%	36.26%	24.51%	46.02%	45.88%	36.65%
Net Margin	3.37%	22.41%	-7.03%	13.73%	0.19%	-29.67%	-90.22%	-3.49%	-15.82%	-118.24%
Debt / Equity	1.19x	0.13x	0.15x	0.24x	1.90x	5.09x	0.05x	0.18x	0.14x	0.12x
Interest Coverage	2.37x	30.20x	-12.96x	27.47x	2.09x	-8.36x	-119.26x	11.60x	-	-28.85x
FCF Conversion	0.60x	0.76x	1.72x	1.07x	-3.37x	0.51x	0.46x	5.06x	1.41x	0.47x
Revenue Growth	16.36%	37.12%	-32.17%	73.57%	30.27%	10.74%	52.54%	267.67%	-19.64%	-38.99%

Frequently Asked Questions

Growth & Financials

AmpliTech Group, Inc. (AMPG) reported $22.6M in revenue for fiscal year 2024. This represents a 2389% increase from $0.9M in 2011.

AmpliTech Group, Inc. (AMPG) saw revenue decline by 39.0% over the past year.

AmpliTech Group, Inc. (AMPG) reported a net loss of $7.6M for fiscal year 2024.

Dividend & Returns

AmpliTech Group, Inc. (AMPG) has a return on equity (ROE) of -35.0%. Negative ROE indicates the company is unprofitable.

AmpliTech Group, Inc. (AMPG) had negative free cash flow of $6.1M in fiscal year 2024, likely due to heavy capital investments.

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AmpliTech Group, Inc. (AMPG) 10-Year Financial Performance & Capital Metrics

AMPG • • Industrial / General

TechnologyCommunication EquipmentWireless Infrastructure & BackhaulWireless Broadband Access

Revenue $10M -39.0%
EBITDA -$8M -285.6%
Net Income -$11M -356.0%
EPS (Diluted) -1.08 -315.4%
Gross Margin 36.65% -20.1%
EBITDA Margin -83% -532.1%
Operating Margin -88.66% -436.1%
Net Margin -118.24% -647.4%
ROE -35.04% -293.9%
ROIC -27.14% -212.7%
Debt/Equity 0.12 -14.4%
Interest Coverage -28.85

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 89 (top 11%)
✓Strong 5Y sales CAGR of 24.9%
✓Trading at only 1.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.24%

5Y24.94%

3Y21.7%

TTM93.45%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM4.06%

EPS CAGR

10Y-

5Y-

3Y-

TTM37.25%

ROCE

10Y Avg14.77%

5Y Avg-19.61%

3Y Avg-10.32%

Latest-23.47%

Peer Comparison

Wireless Broadband Access

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UIUbiquiti Inc.	33.49B	553.52	47.07	33.45%	28.72%	95.58%	1.87%	0.45
FEIMFrequency Electronics, Inc.	567.4M	58.03	23.59	26.3%	30.12%	35.99%		0.16
CMBMCambium Networks Corporation	44.34M	1.57	-0.56	-25.84%	-56.98%	-224.89%		0.39
AMPGAmpliTech Group, Inc.	84.92M	3.70	-3.43	-38.99%	-33.77%	-21.28%		0.12
AIRGAirgain, Inc.	49.27M	4.12	-5.22	8.14%	-10.87%	-20%		0.13
KNKnowles Corporation	2.12B	24.93	-9.34	21.17%	6.85%	5.23%	5.49%	0.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.48M	2.04M	1.38M	2.4M	3.12M	3.46M	5.28M	19.39M	15.58M	9.51M
Revenue Growth %	0.16%	0.37%	-0.32%	0.74%	0.3%	0.11%	0.53%	2.68%	-0.2%	-0.39%
Cost of Goods Sold+	751.71K	827.6K	652.44K	1.02M	1.56M	2.2M	3.98M	10.47M	8.43M	6.02M
COGS % of Revenue	0.51%	0.41%	0.47%	0.42%	0.5%	0.64%	0.76%	0.54%	0.54%	0.63%
Gross Profit+	733.09K	1.21M	728.3K	1.38M	1.57M	1.25M	1.29M	8.92M	7.15M	3.48M
Gross Margin %	0.49%	0.59%	0.53%	0.58%	0.5%	0.36%	0.25%	0.46%	0.46%	0.37%
Gross Profit Growth %	0.2%	0.65%	-0.4%	0.9%	0.13%	-0.2%	0.03%	5.9%	-0.2%	-0.51%
Operating Expenses+	646.51K	736.93K	818.39K	1.04M	1.41M	2.17M	6.4M	8.77M	9.73M	11.91M
OpEx % of Revenue	0.44%	0.36%	0.59%	0.43%	0.45%	0.63%	1.21%	0.45%	0.62%	1.25%
Selling, General & Admin	646.51K	736.93K	818.39K	1.04M	1.35M	2.11M	4.57M	7.63M	7.39M	7.86M
SG&A % of Revenue	0.44%	0.36%	0.59%	0.43%	0.43%	0.61%	0.87%	0.39%	0.47%	0.83%
Research & Development	0	35.37K	68.45K	42.94K	56.51K	61.95K	1.83M	1.02M	2.34M	3.59M
R&D % of Revenue	-	0.02%	0.05%	0.02%	0.02%	0.02%	0.35%	0.05%	0.15%	0.38%
Other Operating Expenses	0	-35.37K	0	0	0	0	0	120.14K	0	468K
Operating Income+	86.58K	471.92K	-90.1K	341.42K	159K	-916K	-5.11M	150.96K	-2.58M	-8.43M
Operating Margin %	0.06%	0.23%	-0.07%	0.14%	0.05%	-0.26%	-0.97%	0.01%	-0.17%	-0.89%
Operating Income Growth %	2.22%	4.45%	-1.19%	4.79%	-0.53%	-6.76%	-4.57%	1.03%	-18.07%	-2.27%
EBITDA+	116.18K	500.77K	-63.23K	380.25K	288.43K	-689.09K	-4.87M	1.11M	-2.05M	-7.89M
EBITDA Margin %	0.08%	0.25%	-0.05%	0.16%	0.09%	-0.2%	-0.92%	0.06%	-0.13%	-0.83%
EBITDA Growth %	4.56%	3.31%	-1.13%	7.01%	-0.24%	-3.39%	-6.06%	1.23%	-2.85%	-2.86%
D&A (Non-Cash Add-back)	29.6K	28.86K	26.86K	38.82K	129.44K	226.91K	236.7K	957.25K	531.16K	538.76K
EBIT	86.58K	471.92K	-90.1K	341.42K	82K	-916K	-4.72M	271.09K	-2.44M	-7.96M
Net Interest Income+	-36.53K	-15.63K	-6.95K	-12.43K	-76.05K	-110K	-42.81K	-13.01K	19.28K	-292K
Interest Income	0	0	0	0	0	0	0	0	19.28K	0
Interest Expense	36.53K	15.63K	6.95K	12.43K	76.05K	109.61K	42.81K	13.01K	0	292.19K
Other Income/Expense	-36.53K	-15.63K	-6.95K	-12.43K	-153.05K	-110K	346.62K	-828.06K	136.1K	-2.8M
Pretax Income+	50.05K	456.29K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.44M	-11.23M
Pretax Margin %	0.03%	0.22%	-0.07%	0.14%	0%	-0.3%	-0.9%	-0.03%	-0.16%	-1.18%
Income Tax+	0	0	0	0	0	0	0	0	24K	15K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1.01%	1%
Net Income+	50.05K	456.29K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.47M	-11.24M
Net Margin %	0.03%	0.22%	-0.07%	0.14%	0%	-0.3%	-0.9%	-0.03%	-0.16%	-1.18%
Net Income Growth %	1.06%	8.12%	-1.21%	4.39%	-0.98%	-173.58%	-3.64%	0.86%	-2.64%	-3.56%
Net Income (Continuing)	50.05K	456.29K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.47M	-11.24M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.01	0.20	-0.04	0.08	0.00	-0.37	-0.53	-0.07	-0.26	-1.08
EPS Growth %	1.02%	16.09%	-1.21%	2.78%	-0.98%	-	-0.43%	0.87%	-2.71%	-3.15%
EPS (Basic)	0.02	0.20	-0.04	0.14	0.00	-0.37	-0.53	-0.07	-0.26	-1.08
Diluted Shares Outstanding	4.29M	4.29M	2.31M	4.38M	4.5M	2.78M	8.9M	9.61M	9.66M	10.43M
Basic Shares Outstanding	2.31M	2.31M	2.31M	2.39M	2.43M	2.78M	8.9M	9.61M	9.66M	10.43M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	383.79K	700.54K	604.97K	1.22M	1.88M	1.4M	24.28M	22.17M	17.15M	28.33M
Cash & Short-Term Investments	49.03K	283.66K	117.99K	442.1K	574.71K	199.54K	18.02M	13.54M	6.73M	19.32M
Cash Only	49.03K	283.66K	117.99K	442.1K	574.71K	199.54K	18.02M	13.29M	6.73M	19.32M
Short-Term Investments	0	0	0	0	0	0	0	247.45K	0	0
Accounts Receivable	175.87K	146.24K	137.47K	262K	619.2K	357.06K	1.86M	1.8M	2.54M	1.26M
Days Sales Outstanding	43.23	26.22	36.33	39.9	72.38	37.69	128.78	33.91	59.55	48.24
Inventory	145.81K	266.94K	335.67K	391.19K	557.71K	517.34K	4.19M	6.63M	6.54M	7.59M
Days Inventory Outstanding	70.8	117.73	187.78	140.54	130.77	85.68	384.23	231.21	282.93	459.89
Other Current Assets	0	0	0	0	0	0	0	0	0	0
Total Non-Current Assets+	96.25K	82.04K	60.55K	192.45K	1.48M	1.42M	10.94M	14.51M	14.26M	15.14M
Property, Plant & Equipment	87.81K	73.29K	51.8K	180.75K	663.2K	636.41K	2.47M	6.22M	6.14M	6.65M
Fixed Asset Turnover	16.91x	27.78x	26.66x	13.26x	4.71x	5.43x	2.13x	3.12x	2.54x	1.43x
Goodwill	0	0	0	0	120.14K	120.14K	4.82M	4.7M	4.7M	4.7M
Intangible Assets	0	0	0	0	673.43K	632.21K	3.28M	3.13M	2.98M	2.37M
Long-Term Investments	0	0	0	0	0	0	250K	348.25K	348.25K	348.25K
Other Non-Current Assets	8.43K	8.75K	8.75K	11.71K	27.82K	26.71K	122.4K	113.19K	91.48K	824.17K
Total Assets+	480.04K	782.58K	665.52K	1.41M	3.36M	2.81M	35.23M	36.68M	31.41M	43.47M
Asset Turnover	3.09x	2.60x	2.08x	1.70x	0.93x	1.23x	0.15x	0.53x	0.50x	0.22x
Asset Growth %	0.08%	0.63%	-0.15%	1.12%	1.39%	-0.16%	11.53%	0.04%	-0.14%	0.38%
Total Current Liabilities+	338.92K	226.26K	165.16K	378.6K	521.07K	654.45K	3.82M	1.84M	1.5M	1.54M
Accounts Payable	93.67K	92.83K	57.15K	-190.4K	154.51K	113.54K	3.01M	860.37K	846.18K	941.41K
Days Payables Outstanding	45.48	40.94	31.97	-	36.23	18.8	275.5	29.99	36.62	57.05
Short-Term Debt	167.61K	69.91K	76.44K	72.9K	330.88K	405.59K	129.88K	764.22K	80.84K	466.14K
Deferred Revenue (Current)	77.63K	22.43K	31.58K	190.4K	0	15.3K	253.91K	210.85K	14.24K	0
Other Current Liabilities	0	0	0	276.52K	35.68K	0	0	-619.86K	0	128.09K
Current Ratio	1.13x	3.10x	3.66x	3.21x	3.60x	2.13x	6.36x	12.08x	11.44x	18.45x
Quick Ratio	0.70x	1.92x	1.63x	2.18x	2.53x	1.34x	5.27x	8.46x	7.08x	13.51x
Cash Conversion Cycle	68.55	103	192.15	-	166.92	104.56	237.51	235.13	305.86	451.08
Total Non-Current Liabilities+	0	0	0	113.93K	1.75M	1.72M	2.38M	6.09M	3.23M	4.44M
Long-Term Debt	0	0	0	0	1.32M	1.4M	200.49K	89.6K	0	0
Capital Lease Obligations	0	0	0	113.93K	421.72K	318.21K	812.79K	3.82M	3.2M	4.16M
Deferred Tax Liabilities	0	0	0	113.93K	0	0	-1.37M	0	0	285K
Other Non-Current Liabilities	0	0	0	0	0	0	1.37M	2.18M	24K	0
Total Liabilities	338.92K	226.26K	165.16K	492.54K	2.27M	2.37M	6.19M	7.92M	4.73M	5.98M
Total Debt+	167.61K	69.91K	76.44K	216.01K	2.08M	2.24M	1.57M	5.29M	3.84M	4.62M
Net Debt	118.58K	-213.75K	-41.55K	-226.09K	1.5M	2.04M	-16.45M	-8M	-2.88M	-14.69M
Debt / Equity	1.19x	0.13x	0.15x	0.24x	1.90x	5.09x	0.05x	0.18x	0.14x	0.12x
Debt / EBITDA	1.44x	0.14x	-	0.57x	7.20x	-	-	4.78x	-	-
Net Debt / EBITDA	1.02x	-0.43x	-	-0.59x	5.21x	-	-	-7.22x	-	-
Interest Coverage	2.37x	30.20x	-12.96x	27.47x	2.09x	-8.36x	-119.26x	11.60x	-	-28.85x
Total Equity+	141.12K	556.32K	500.36K	915.3K	1.09M	440.28K	29.03M	28.76M	26.68M	37.49M
Equity Growth %	0.55%	2.94%	-0.1%	0.83%	0.19%	-0.6%	64.94%	-0.01%	-0.07%	0.41%
Book Value per Share	0.03	0.13	0.22	0.21	0.24	0.16	3.26	2.99	2.76	3.59
Total Shareholders' Equity	141.12K	556.32K	500.36K	915.3K	1.09M	440.28K	29.03M	28.76M	26.68M	37.49M
Common Stock	46.14K	46.14K	46.14K	48.34K	49.09K	4.84K	9.58K	9.63K	9.71K	19.66K
Retained Earnings	-1.54M	-1.12M	-1.18M	-848.76K	-842.81K	-1.87M	-6.63M	-7.3M	-9.77M	-21.01M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	4	41.1K	5	2	24.48K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	29.81K	346.66K	-166.83K	352.3K	-20.02K	-521.49K	-2.2M	-3.43M	-3.47M	-5.3M
Operating CF Margin %	0.02%	0.17%	-0.12%	0.15%	-0.01%	-0.15%	-0.42%	-0.18%	-0.22%	-0.56%
Operating CF Growth %	1.55%	10.63%	-1.48%	3.11%	-1.06%	-25.05%	-3.22%	-0.56%	-0.01%	-0.53%
Net Income	50.05K	415.2K	-97.05K	328.99K	5.95K	-1.03M	-4.76M	-677.11K	-2.47M	-11.24M
Depreciation & Amortization	29.6K	28.86K	26.86K	38.82K	129.44K	226.91K	236.7K	957.25K	531.16K	538.76K
Stock-Based Compensation	0	0	0	0	118.02K	128.93K	785.98K	399.13K	389.66K	517.78K
Deferred Taxes	0	0	0	0	0	0	0	0	24K	15K
Other Non-Cash Items	89.7K	150.05K	149.37K	37.6K	90.11K	67.23K	34.85K	978.01K	571.01K	4.42M
Working Capital Changes	-49.84K	-97.39K	-96.64K	-53.12K	-363.52K	81K	1.5M	-5.08M	-2.52M	450.25K
Change in Receivables	-42.48K	29.63K	8.77K	-124.54K	-357.19K	262.14K	-261.76K	59.32K	-740.94K	1.29M
Change in Inventory	18.05K	-121.12K	-68.73K	-55.52K	135.23K	40.37K	500.71K	-2.44M	76.54K	-967.19K
Change in Payables	-12.31K	49.62K	-35.69K	-31.88K	23.43K	0	0	0	0	0
Cash from Investing+	-1.57K	-14.34K	-5.37K	-10.58K	-681.29K	-71.62K	-10.61M	-1.08M	-725.9K	-3.29M
Capital Expenditures	-1.57K	-14.34K	-5.37K	-10.58K	-12.65K	-71.62K	-1.06M	-735.76K	-973.35K	-42.92K
CapEx % of Revenue	0%	0.01%	0%	0%	0%	0.02%	0.2%	0.04%	0.06%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	-5.37K	0	0	0	0	0	0	0
Cash from Financing+	1.64K	-97.7K	6.53K	-17.61K	833.91K	217.93K	30.63M	-224.22K	-2.37M	21.18M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-97.7K	6.53K	-3.54K	0	8.24K	1.47M	0	-2.18M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	28.23K	332.33K	-172.2K	341.72K	-32.67K	-593.1K	-3.26M	-4.16M	-4.44M	-5.34M
FCF Margin %	0.02%	0.16%	-0.12%	0.14%	-0.01%	-0.17%	-0.62%	-0.21%	-0.29%	-0.56%
FCF Growth %	1.52%	10.77%	-1.52%	2.98%	-1.1%	-17.16%	-4.5%	-0.28%	-0.07%	-0.2%
FCF per Share	0.01	0.08	-0.07	0.08	-0.01	-0.21	-0.37	-0.43	-0.46	-0.51
FCF Conversion (FCF/Net Income)	0.60x	0.76x	1.72x	1.07x	-3.37x	0.51x	0.46x	5.06x	1.41x	0.47x
Interest Paid	0	15.7K	7.1K	8.71K	51.89K	107.01K	52.7K	42.45K	27.26K	298.81K
Taxes Paid	0	750	53	50	50	200	0	4.29K	10.2K	8.63K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	43.11%	130.85%	-18.37%	46.48%	0.59%	-133.77%	-32.29%	-2.34%	-8.89%	-35.04%
Return on Invested Capital (ROIC)	33.96%	117.54%	-16.86%	44.61%	7.26%	-27.05%	-50.83%	0.68%	-8.68%	-27.14%
Gross Margin	49.37%	59.38%	52.74%	57.61%	50.15%	36.26%	24.51%	46.02%	45.88%	36.65%
Net Margin	3.37%	22.41%	-7.03%	13.73%	0.19%	-29.67%	-90.22%	-3.49%	-15.82%	-118.24%
Debt / Equity	1.19x	0.13x	0.15x	0.24x	1.90x	5.09x	0.05x	0.18x	0.14x	0.12x
Interest Coverage	2.37x	30.20x	-12.96x	27.47x	2.09x	-8.36x	-119.26x	11.60x	-	-28.85x
FCF Conversion	0.60x	0.76x	1.72x	1.07x	-3.37x	0.51x	0.46x	5.06x	1.41x	0.47x
Revenue Growth	16.36%	37.12%	-32.17%	73.57%	30.27%	10.74%	52.54%	267.67%	-19.64%	-38.99%

Frequently Asked Questions

Growth & Financials

AmpliTech Group, Inc. (AMPG) reported $22.6M in revenue for fiscal year 2024. This represents a 2389% increase from $0.9M in 2011.

AmpliTech Group, Inc. (AMPG) saw revenue decline by 39.0% over the past year.

AmpliTech Group, Inc. (AMPG) reported a net loss of $7.6M for fiscal year 2024.

Dividend & Returns

AmpliTech Group, Inc. (AMPG) has a return on equity (ROE) of -35.0%. Negative ROE indicates the company is unprofitable.

AmpliTech Group, Inc. (AMPG) had negative free cash flow of $6.1M in fiscal year 2024, likely due to heavy capital investments.