AmpliTech Group Secures Over $2.5 Million in Follow-On Orders Under $40 Million LOI Positioned for Growth as ORAN 5G and Private 5G Demand AcceleratesPR Audio:Hauppauge, NY, September 2, 2025 – PRISM MediaWire – (Press Release Service – Press Release Distribution) – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leading designer and manufacturer of advanced signal-processing components and 5G/6G systems, today announced follow-on purchase orders exceeding $2.5 million from a Tier-1 North American mobile ne ...

Core Viewpoint - AmpliTech Group, Inc. has received follow-on purchase orders exceeding $2.5 million from a Tier-1 North American mobile network operator, bringing the cumulative total to approximately $18 million against a previously announced $40 million Letter of Intent [1][2]. Group 1: Company Performance and Orders - The recent orders highlight the customer's confidence in AmpliTech's ORAN 5G technology and the company's commitment to shareholder transparency [3]. - AmpliTech has shipped over 2,000 ORAN 5G radios to the customer to date [2]. Group 2: Product Offerings - AmpliTech provides complete Private 5G (P5G) end-to-end solutions that ensure secure, high-speed connectivity for homes and businesses [4]. - The P5G systems help fill coverage gaps and extend true 5G capabilities to a broader user base, complementing MNO rollouts [5]. Group 3: Market Position and Unique Offerings - AmpliTech is one of the few U.S.-based providers offering both commercial ORAN 5G radios and complete private 5G ecosystems, positioning the company uniquely in the market [6]. - The integrated networks have wide-ranging applications, including autonomous mobility, immersive technologies, healthcare, smart infrastructure, and industrial automation [7]. Group 4: Industry Catalysts - Several macroeconomic and technological drivers are fueling demand for advanced ORAN and P5G deployments, including government initiatives, economic efficiencies of ORAN architecture, and the global emphasis on secure supply chains [8].

Financial Data and Key Metrics Changes - The company achieved record sales exceeding $11,000,000 in Q2 2025, surpassing total sales for the entire fiscal year 2024 [5] - Gross profit margins decreased by 17% due to front-loaded investments and one-time costs associated with supply chain activation [5][6] - As of June 30, 2025, cash and cash equivalents were $16,423,000, with working capital of $16,163,000 and zero long-term debt [6] Business Line Data and Key Metrics Changes - The company has a healthy inventory position of over $7,000,000 and a current backlog of approximately $15,000,000 [6][15] - Multiple purchase orders have been received, partially funding previously announced Letters of Intent (LOIs) with prominent ORAN 5G players [7] Market Data and Key Metrics Changes - The ORAN 5G infrastructure market is projected to grow at 33.4%, reaching over $42,000,000,000 globally by February 2030 [9] - Quantum computing hardware is expected to grow at a combined annual growth rate (CAGR) of 37.3%, exceeding $9,000,000,000 by February 2032 [9] - Satellite and high-speed connectivity equipment is estimated to grow at a 12% CAGR through February 2030, driven by LEO networks and rural broadband demand [9] Company Strategy and Development Direction - The company is focused on four key areas: open RAN, ORAN 5G networks, quantum computing, and satellite terrestrial high-speed connectivity, all expected to see high growth [8] - The strategy involves aggressive investment to secure long-term positions within critical next-generation infrastructure rollouts [8][10] - The company aims to leverage increasing demand for secure domestically manufactured communications equipment, positioning itself as a trusted alternative to foreign suppliers [10] Management's Comments on Operating Environment and Future Outlook - Management anticipates revenue growth exceeding 100% year-over-year in fiscal year 2025, driven by public and private 5G orders [13] - Gross margins are expected to improve beginning in Q3 2025 as production costs normalize and one-time costs are reduced [14] - Positive cash flow from operations and projected profitability are anticipated in fiscal year 2026, assuming current order pace and margin recovery continue [14] Other Important Information - The company maintains a strong cash management discipline and does not anticipate raising capital under unfavorable market conditions [14] - The company has a good backlog of about $15,000,000 and expects additional orders to continue funding its LOIs [15] Q&A Session Summary Question: Update on second tier one orders and feedback - The company has already received orders from the second tier one, with LOIs valued at $17,000,000 and $40,000,000, and additional orders are expected [18][19] Question: Visibility on 2026 production - The company has periodic meetings with both organizations and is able to energize the supply chain based on customer forecasts [21] Question: Pipeline with other operators - The company is seeing interest from other large MNOs transitioning to 5G ORAN technology, with expectations for a good response next year [24] Question: Quantum computing revenue expectations - The quantum computing business is not yet at a production phase, but the company has delivered products showing performance [25][26] Question: Update on space division and backlog - The satellite business is expected to ramp up next year as LEO applications are built out [29] Question: Inventory and manufacturing strategy - The company is building to forecast and has a manageable inventory level to satisfy upcoming purchase orders [59]

Form 8-K Current Report [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) AmpliTech Group, Inc. announced preliminary Q2 2025 revenue via a press release, with the information furnished rather than filed for limited liability - The company announced preliminary revenue for the quarter ending June 30, 2025, via a press release on July 17, 2025[5](index=5&type=chunk) - Information in this report, including the press release, is furnished, not filed, limiting legal liability under the Securities Exchange Act of 1934[6](index=6&type=chunk) [Item 9.01 Financial Statement and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statement%20and%20Exhibits) This section details exhibits filed with the Form 8-K, primarily Exhibit 99.1, the press release with preliminary financial results, and the interactive data file Exhibits Filed | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release Dated July 17, 2025 | | 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

PART I - FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements) Unaudited H1 2025 financials show total assets at $48.6 million, revenues at $14.6 million, and a $3.6 million net loss Condensed Consolidated Balance Sheet Highlights (as of June 30, 2025) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $11,057,755 | $19,315,984 | | Total Current Assets | $25,028,665 | $28,331,386 | | Intangible assets, net | $10,397,620 | $2,366,119 | | Total Assets | $48,643,670 | $43,220,482 | | Total Current Liabilities | $8,864,955 | $1,535,641 | | Total Liabilities | $12,831,136 | $5,729,681 | | Total Stockholders' Equity | $35,812,534 | $37,490,801 | Condensed Consolidated Statements of Operations Highlights | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenues | $14,625,026 | $4,820,773 | | Gross Profit | $2,050,749 | $1,939,717 | | Loss From Operations | ($3,815,077) | ($2,995,962) | | Net Loss | ($3,612,146) | ($6,231,435) | | Net Loss Per Share (Basic and diluted) | ($0.18) | ($0.64) | Condensed Consolidated Statements of Cash Flows Highlights (Six Months Ended June 30, 2025) | Cash Flow Activity | Amount | | :--- | :--- | | Net cash used in operating activities | ($4,260,237) | | Net cash used in investing activities | ($3,987,492) | | Net cash used in financing activities | ($10,500) | | **Net change in cash and cash equivalents** | **($8,258,229)** | [Notes to Financial Statements](index=10&type=section&id=Notes%20to%20Financial%20Statements) Key notes detail the $8 million 5G ORAN asset acquisition, a $3.25 million loss from a 2024 digital currency scam - On March 26, 2025, the company entered an asset purchase agreement with Titan to acquire 5G ORAN radio product assets for an aggregate price of **$8 million** (**$4M cash**, **$4M restricted stock**). An initial payment of **$3.5M cash** and **$1.7M in stock** was made, with a remaining **$3M contingent liability** recorded[36](index=36&type=chunk)[152](index=152&type=chunk) - In Q1 2024, the company was a victim of a cyber phishing scam, resulting in a complete loss of a **$3.25 million investment** in digital assets, which was recorded during the year ended December 31, 2024[37](index=37&type=chunk)[38](index=38&type=chunk) Revenue by Segment (Six Months Ended June 30, 2025) | Segment | Domestic Sales | International Sales | Total Sales | | :--- | :--- | :--- | :--- | | AmpliTech Inc. and Specialty Microwave | $1,358,369 | $8,945,623 | $10,303,992 | | Spectrum | $2,629,042 | $1,691,992 | $4,321,034 | | **Total** | **$3,987,411** | **$10,637,615** | **$14,625,026** | - On July 22, 2025, the company entered into an "At-the-Market Offering" (ATM) agreement with Maxim Group LLC to sell up to **$25,000,000** of its common stock from time to time[155](index=155&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes revenue growth to 5G orders, accepting lower gross margins for market penetration Results of Operations Comparison (Three Months Ended June 30) | Metric | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Revenues | $11,025,927 | $2,527,442 | +336.25% | | Gross Profit | $862,879 | $1,057,087 | -18.37% | | Gross Margin % | 7.83% | 41.82% | -33.99 pts | | Loss From Operations | ($1,925,059) | ($1,568,090) | +22.76% | | Net Loss | ($1,771,625) | ($1,576,274) | +12.40% | Results of Operations Comparison (Six Months Ended June 30) | Metric | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Revenues | $14,625,026 | $4,820,773 | +203.38% | | Gross Profit | $2,050,749 | $1,939,717 | +5.72% | | Gross Margin % | 14.02% | 40.24% | -26.22 pts | | Loss From Operations | ($3,815,077) | ($2,995,962) | +27.34% | | Net Loss | ($3,612,146) | ($6,231,435) | -42.03% | - The sharp increase in revenue is predominantly from **5G orders** fulfilled as part of the Titan Asset Acquisition. The decline in gross margin percentage is a deliberate strategy to penetrate the global telecommunications market, with expectations of higher margins in the latter half of 2025 and beyond[171](index=171&type=chunk)[172](index=172&type=chunk)[173](index=173&type=chunk) - Research and development expenses increased by **89.78%** for the six-month period to **$1.4 million**, mainly for the development of the MIMO 64T64R Oran Cat B radio network and low-noise block down converter units (LNBs)[184](index=184&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is a smaller reporting company and is not required to provide the information for this item - As a smaller reporting company, AmpliTech Group is not required to provide quantitative and qualitative disclosures about market risk[199](index=199&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of June 30, 2025, due to material weaknesses - The CEO and CFO concluded that disclosure controls and procedures were **not effective** as of June 30, 2025[200](index=200&type=chunk) - The ineffectiveness is due to material weaknesses related to a lack of written documentation of internal controls, ineffective IT general controls, and a lack of personnel to ensure adequate segregation of duties[202](index=202&type=chunk) - Despite the material weaknesses, management believes the financial statements included in the report are **fairly presented** in all material respects[200](index=200&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=40&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no pending legal proceedings to which it is a party or of which any of its property is the subject - As of the report date, there are **no pending legal proceedings** against the company[208](index=208&type=chunk) [Risk Factors](index=40&type=section&id=Item%201A.%20Risk%20Factors) A new risk factor highlights increased U.S. government tariffs on imported products, potentially impacting revenues and profitability - A new risk factor has been identified related to increased U.S. government tariffs on imported products, which could negatively impact the company's revenues, profitability, and cash flows[210](index=210&type=chunk) - The tariffs affect countries where the company sources raw materials and components, which may force an increase in the selling prices of its finished products[210](index=210&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=40&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities or use of proceeds during the period - None reported for the period[211](index=211&type=chunk) [Other Information](index=40&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None reported for the period[213](index=213&type=chunk) [Exhibits](index=41&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including officer certifications and XBRL data files - The exhibits include certifications from the Principal Executive Officer and Principal Financial Officer, as well as XBRL instance documents[214](index=214&type=chunk)

Core Viewpoint - AmpliTech Group, Inc. reported record sales exceeding $11 million for Q2 2025, marking the highest quarterly sales in the company's history, and emphasized a strategic investment approach to secure long-term positions in high-growth sectors such as ORAN 5G networks, quantum computing, and satellite communications [1][6][12] Financial Performance - The company achieved sales of over $11 million in Q2 2025, surpassing total sales for the entire fiscal year 2024 [6] - Despite lower gross profit margins in Q2 2025 due to one-time costs associated with rapid product delivery, management expects regular gross margins to be achievable over the next six months [6][12] - Cash and cash equivalents as of June 30, 2025, were $16,423,238, with working capital of $16,163,710 and no long-term debt [6] - Revenue growth for FY 2025 is projected to exceed 100% year-over-year, with guidance increased to at least $24 million, representing a 140% increase over FY 2024 [12] Strategic Outlook - AmpliTech's focus on ORAN 5G networks, quantum computing, and satellite connectivity is expected to drive significant growth, with ORAN 5G infrastructure projected to reach over $42 billion globally by 2030 [4][7] - The company is uniquely positioned as the only U.S.-based provider of complete, vertically integrated networking solutions, which is expected to enhance its growth trajectory amid increasing demand for secure communications equipment [5][8] - Management believes that the strategy of accelerated market penetration and recurring follow-on orders will establish AmpliTech's products as embedded solutions in next-generation infrastructure [4][8] Market Position - AmpliTech's ORAN 5G radios are recognized as the largest deployment of their kind globally, positioning the company as a leader in the ORAN radio products market [11] - The company’s MMIC LNA modules and LNBs are expected to see growing demand as U.S. and allied nations transition away from foreign component suppliers, creating additional revenue streams with strong margin potential [8][11]

HAUPPAUGE, N.Y., Aug. 12, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced the company will release its Q2 2025 earnings report after market closing on August 14th. The company will also ...

Group 1 - The article discusses the excitement and challenges of being the first to cover a stock on Seeking Alpha, emphasizing the need for higher standards in company presentations [1] - The author has a beneficial long position in AMPG shares, indicating a personal investment interest in the company [1] - The article reflects the author's own opinions and is not influenced by compensation from any company mentioned [1] Group 2 - Seeking Alpha clarifies that past performance does not guarantee future results, and no specific investment recommendations are provided [2] - The platform does not act as a licensed securities dealer or investment adviser, highlighting the independent nature of its analysts [2] - Analysts on Seeking Alpha include both professional and individual investors, some of whom may not be licensed or certified [2]

HAUPPAUGE, N.Y., July 29, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announces that it expects significant growth opportunities for its AGMDC and Spectrum Semiconductor Materials divisions f ...

Core Insights - AmpliTech Group's AGMDC division has joined the Texoma Semiconductor Tech Hub (TSTH), enhancing semiconductor innovation and manufacturing capabilities in North Texas and Southern Oklahoma [1][4] - The collaboration aims to foster partnerships with regional leaders, share best practices, and contribute to the growth of the domestic semiconductor industry [2][3] Company Overview - AmpliTech Group, Inc. specializes in designing, developing, and manufacturing advanced signal processing components for various communication networks, including satellite and 5G systems [1][5] - The company operates five divisions, focusing on radio frequency (RF) microwave components and ORAN 5G network solutions, serving markets such as telecommunications, space exploration, and defense [5] Industry Context - The Texoma Semiconductor Tech Hub is a regional initiative led by SMU, covering 29 counties and designated as one of the inaugural Tech Hubs by the U.S. Department of Commerce under the CHIPS and Science Act [7] - TSTH aims to strengthen the U.S. semiconductor supply chain, reduce dependence on foreign sources, and promote long-term economic growth and national security [7]