UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Nevada 001-40069 27-4566352 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share AMPG The Nasdaq Stock Market LLC Warrants to Purchase Common Stock AMPGW The Nasdaq Stock Market LLC FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40069 AmpliTech Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

Core Insights - AmpliTech Group, Inc. reported Q2 2024 financial results, highlighting a revenue of $2.5 million and a gross profit of $1.05 million, maintaining a gross profit margin of approximately 42% despite inflationary pressures [1][2] - The company experienced a loss of $1.57 million due to lower global and domestic sales, increased corporate expenses, and ongoing R&D efforts for new 5G products [2] - AmpliTech is positioned as the only US-based 5G radio and network equipment provider, focusing on replacing foreign equipment due to security concerns [3][7] Financial Performance - Revenue for Q2 2024 was $2.5 million with gross profits of $1.05 million, resulting in a gross profit margin of 42% [1] - The company reported a loss of $1.57 million for the quarter, attributed to lower sales and increased expenses [2] - As of June 30, 2024, cash and cash equivalents stood at $1,014,204, with working capital of $9,995,731 [2] Product Development and Market Position - The company is testing a Massive MIMO ORAN 5G 64T/64R cellular radio, expected to be deployed in public 5G networks within 2 to 3 months [3] - AmpliTech has developed a Private 5G end-to-end solution, anticipating key relationships and initial deployment contracts to be announced in Q3 [4] - The company has introduced new high-performance satellite ground station LNBs and cryogenic power supplies for the quantum computing industry, marking significant advancements in its product offerings [5][6] Market Outlook - The 5G infrastructure market is projected to reach $99 billion by 2030, with a CAGR of 37%, indicating significant growth potential for AmpliTech's product line [7] - The company expects a rebound in global demand as market conditions improve, driven by an increase in RFQ activity [3][7] - AmpliTech aims to drive revenues into the $40 million range within the next two years through participation in key trade shows and promotion of its product suite [6]

HAUPPAUGE, N.Y., July 29, 2024 (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, proudly announces the launch of its AGTGSS Division's complete Private 5G End-to-End Solution. This offering integrates advanc ...

Core Viewpoint - AmpliTech Group, Inc. has launched its AGTGSS Division's complete Private 5G End-to-End Solution, aimed at providing high-performance 5G networks tailored for various deployment scenarios, including residential and industrial applications [1][2]. Product Features - The Private 5G End-to-End Solution integrates advanced ORAN radios, Central and Distribution Units, Antennas, Core Servers, and a range of Fixed Wireless Access (FWA) devices, enabling cable-free high-speed connectivity [1][2][3]. - The solution delivers True G Speed Services with performance exceeding 1 gigabit per second, addressing the growing demand for reliable 5G networks outside traditional cellular infrastructure [2][3]. Service Offerings - AGTGSS provides expert planning and optimization services to ensure seamless deployment and operation of Private 5G networks, maximizing equipment selection and performance [3][4]. - The solution includes a full line of FWA devices, such as wireless routers and Wi-Fi hotspots, ensuring reliable connectivity across various environments, including rural and suburban areas [3][4]. Customization and Scalability - The Private 5G network allows for tailored configurations to support a wide range of deployment sizes and requirements, providing autonomy, control, and security for end customers [4][5]. - Customers can customize their networks according to specific needs, including coverage areas and bandwidth allocation, enhancing flexibility for applications like telemedicine and remote education [4][5]. Economic and Social Impact - Over time, a private 5G network can reduce costs compared to public networks, especially in remote areas, and offers the potential for monetization of network services [5]. - The robust Private 5G network can enhance emergency communication and public safety, particularly within tribal communities, asserting technological sovereignty and independence for end customers [5][6]. Target Industries - The Private 5G networks can support various industries, including military bases, airports, railyards, mines, warehouses, and smart cities, showcasing the versatility of the solution [6][7]. Company Overview - AmpliTech Group, Inc. is a leading designer, developer, manufacturer, and distributor of advanced radio frequency microwave components and 5G network solutions, serving global markets across multiple sectors [8].

Core Insights - AmpliTech Group, Inc. has launched new Cryogenic Power Supplies designed for the quantum computing industry, available in two models with adjustable low-voltage outputs [1][2] - The new products complement the existing line of cryogenic low noise amplifiers, showcasing the company's commitment to innovation in critical industries [2] - AmpliTech Group operates multiple divisions and serves various global markets, including telecommunications, satellite communications, and quantum computing [3] Product Details - The Cryogenic Power Supplies are ergonomic bench-top models ideal for reliability testing, laboratory instrument testing, and cryogenic amplifier testing [1] - The products are available for individual purchase or as a set with AmpliTech's cryogenic amplifiers [1] Company Overview - AmpliTech Group, Inc. consists of five divisions and is a leading designer, developer, manufacturer, and distributor of RF microwave components and 5G network solutions [3] - The company is focused on advancing technology and innovation across various sectors, including space exploration and defense [3]

HAUPPAUGE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ:AMPG, AMPGW))), a leading designer, developer, and manufacturer of advanced signal processing components for satellite, 5G, and other communications networks, as well as a global distributor of integrated circuit assembly packages and lids, has announced the latest product releases from its AmpliTech Inc. division. The new Cryogenic Power Supplies are specifically designed for the quantum computing industry. Available in two mo ...

HAUPPAUGE, N.Y., July 17, 2024 (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 release of a Letter to Shareholders from its CEO/CTO Mr. Fawad Maqbool. Shareholder Letter as follows: Dea ...

Core Viewpoint - AmpliTech Group is committed to executing its business plan and delivering innovative products in the communications sector, particularly in 5G and quantum computing, while addressing recent challenges and maintaining strong financial discipline [2][3][4][6]. Company Developments - The company has not engaged in digital currency investments, and any past incidents related to fraudulent activity have been reported to authorities [3]. - AmpliTech has a history of no debt and avoidance of dilutive financing, reflecting its commitment to shareholder equity [3]. Product Innovations - AmpliTech has developed several new products for Public and Private 5G, LEO Satellite constellations, and quantum computing, positioning itself in rapidly growing industrial sectors with total addressable markets exceeding trillions of dollars [4]. - The company is the only US-based manufacturer of a full suite of private and commercial 5G radios, providing data speeds over 1 Gbps, which are essential for modern applications like the Metaverse and automated vehicles [4]. - AmpliTech also produces cryogenic Low Noise Amplifiers (LNAs) for quantum computers and LNBs with the lowest noise figures in the industry, crucial for satellite communications [4]. Strategic Vision - The company has evolved from a single product focus to a comprehensive communications systems provider, demonstrating dedication and progress since its uplisting to Nasdaq [5]. - AmpliTech maintains a robust pipeline of leads and continues to sell new products through its online store, generating daily revenue [6]. - The management team is focused on advancing technology development and maintaining a leadership position in key markets, including 5G and quantum computing [6].

Core Viewpoint - AmpliTech Group, Inc. is committed to advancing its business strategy and product offerings in the rapidly growing sectors of 5G, quantum computing, and satellite communications, while maintaining a strong financial discipline and addressing shareholder concerns [1][3][5]. Company Developments - The company has released a shareholder letter addressing recent developments and reaffirming its commitment to delivering state-of-the-art products [2][3]. - AmpliTech has reported no investments in digital currencies, emphasizing its financial discipline with a history of no debt and avoidance of dilutive financing [3][5]. Product Innovations - AmpliTech has developed several disruptive products for Public and Private 5G, LEO Satellite constellations, and quantum computing, positioning itself as a leader in these sectors with total addressable markets exceeding trillions of dollars [4]. - The company is the only U.S.-based manufacturer of a full suite of private and commercial 5G radios, capable of providing data speeds over 1 Gbps, which are essential for the transition from 4G and outdated 5G networks [4]. - AmpliTech also produces cryogenic Low Noise Amplifiers (LNAs) for quantum computers and LNBs with the lowest noise figures in the industry, crucial for satellite communications [4]. Strategic Growth - The company has evolved from a single product LNA provider to a comprehensive communications systems provider, demonstrating a strong commitment to growth since its uplisting to Nasdaq [5]. - AmpliTech is focused on advancing technology development and maintaining a leadership position in various sectors, including 5G, quantum computing, and satellite communications [6]. - The company has a robust pipeline of leads and is generating additional revenue through its online store [6]. Commitment to Shareholders - The management team emphasizes its dedication to long-term vision and strategy, assuring shareholders of the company's strong fundamentals and operational robustness [5][6]. - The CEO expresses gratitude for shareholder patience and support, indicating a proactive approach to identifying growth opportunities and value creation [6].