HAUPPAUGE, N.Y., May 24, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc.  (Nasdaq: AMPG, AMPGW), announced today that it received a notice of non-compliance from the Nasdaq Stock Market on May 22, 2024 notifying the company that, as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2024, the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires listed companies to timely file all periodic financial reports with the  ...

Group 1 - AmpliTech (NASDAQ:AMPG) stock is experiencing a significant decline of 34% following a late quarterly filing notice to the SEC [1][2] - The late filing is attributed to issues related to the company's trading of digital currency, specifically involving $3.25 million worth of crypto that is no longer accessible due to a potentially fraudulent custodian [1] - The company anticipates reporting a net loss of $4.7 million in its upcoming earnings report, a substantial increase from a net loss of $582,000 in the first quarter of 2023 [1] Group 2 - AmpliTech's stock is seeing heavy trading activity, with over 60,000 shares changing hands, more than double its daily average trading volume of approximately 22,500 shares [2] - The company plans to file its quarterly report in accordance with Rule 12b-25 of the Securities Exchange Act of 1934, and it asserts that its systems and records were not affected by the crypto investments [1]

Core Insights - The tech industry presents several investment opportunities, particularly in three leading firms with strong growth and value potential [1] - Each firm has unique strengths: Data Storage offers sticky solutions, Amplitech focuses on high-capacity networks, and Ceragon excels in private network markets [2] Group 1: Data Storage (DTST) - Data Storage has over 60 active offers and a contract worth over $8 million, with an average initial contract term of 29 months, enhancing revenue predictability [3] - The company benefits from high customer retention rates and low competition, allowing it to maintain premium pricing and increase market share [4] - Data Storage has shown significant contract momentum by securing new clients and strengthening existing relationships [4] Group 2: Amplitech (AMPG) - Amplitech's revenue growth is supported by its strategic focus on the wireless network sector, with approximately $1 million in sales from each specialty and spectrum division in the last three months [6] - The company is investing in new product development for 5G infrastructure, quantum cryogenics, and microwave integrated circuits, aligning with rising market demands [6] - Upcoming products like 5G MIMO, CAT B, and ORAN radios are expected to drive top-line growth by meeting the industry's need for high-speed data transfer [7] Group 3: Ceragon (CRNT) - Ceragon has successfully grown its client base in the private network sector, with North American revenue exceeding $20 million for four consecutive quarters [8] - The acquisition of Siklu enhances Ceragon's market position and expands its millimeter wave product portfolio [8] - Ceragon's projected revenue growth for 2024 is between 11% and 17%, reflecting confidence in its ability to capitalize on market opportunities [9]

Core Viewpoint - AmpliTech Group, Inc. has filed a new shelf registration statement with the SEC to maintain financial flexibility and prepare for potential future capital raises without diluting shareholder value [1][2]. Group 1: Shelf Registration Details - The new shelf registration statement on Form S-3 replaces the previous one that has expired, allowing AmpliTech to register securities for future sale [1][2]. - The company is not currently selling any securities from this registration statement, but it aims to ensure agility in capital markets for future financing needs [1][2]. - The registration process is a proactive measure to access capital markets efficiently when opportunities arise, as stated by the CEO [2]. Group 2: Company Overview - AmpliTech Group designs, develops, and manufactures advanced signal-processing components for satellite, 5G, and other communication networks [4]. - The company has a strong track record of over 13 years in delivering high-performance, custom solutions to major global industries [4]. - In December 2021, AmpliTech acquired Spectrum Semiconductor Materials Inc., enhancing its capabilities in semiconductor distribution [4].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Registrant's telephone number, including area code: (631) 521-7831 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-40069 AmpliTech Group, Inc. (Exact name of registrant as specified in its charter) | --- | --- | --- | ...

Core Viewpoint - AmpliTech Group, Inc. is actively participating in major industry events to showcase its latest advancements in 5G technology and satellite communications, emphasizing its commitment to innovation and customer engagement [1][4]. Group 1: Upcoming Events - AmpliTech will exhibit at the Mobile World Congress (MWC) in Barcelona from February 23rd to 29th, 2024, focusing on its MIMO 64T64R CAT B ORAN radio, engaging with over 80,000 participants from the mobile wireless industry [2][4]. - The company will also participate in the Satellite Show in Washington DC from March 19th to 21st, 2024, where it will debut its new Ka Band LNB product and showcase its line of space-grade amplifiers and passive components [2][3]. Group 2: Product Offerings - AmpliTech's product portfolio includes state-of-the-art signal-processing components for various markets, with a focus on 5G, SATCOM, and space technology, covering frequencies from 50 kHz to 44 GHz [3][5]. - The MIMO 64T64R CAT B ORAN radio is designed with proprietary low noise amplifiers, enabling true 5G speeds in Gigabits per second for both downloads and uploads [3]. Group 3: Company Strategy - The CEO of AmpliTech expressed enthusiasm for the company's participation in these events, highlighting the importance of showcasing technological advancements and strengthening relationships within the industry [4]. - The company's strategy focuses on high-demand products and leveraging its exclusive low-noise technology to enhance revenue and overall company value [4].

HAUPPAUGE, N.Y., Jan. 30, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ:AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, including the design of complete 5G/6G systems, and a global distributor of packages and lids for integrated circuit assembly, today announced its AmpliTech Inc Division's newest product release, a Ka Band LNB (Low-Noise Block Down Converter Unit). Featuring its proprietary AmpliT ...

HAUPPAUGE, N.Y., Jan. 10, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ:AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, including the design of complete 5G/6G systems, and a global distributor of packages and lids for integrated circuit assembly, today announced a significant milestone in its AGTGSS (AmpliTech Group True G Speed Services) Division by proudly unveiling its Massive MIMO, 64T64R ORAN, ...

AmpliTech Group, Inc. (NASDAQ:AMPG) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Shan Sawant - Director, Investor Relations Fawad Maqbool - Founder and CEO Jorge Flores - Chief Operating Officer Louisa Sanfratello - Chief Financial Officer Conference Call Participants Jack Codera - The Maxim Group Operator Good day, ladies and gentlemen. And welcome to AmpliTech Group’s Quarterly Investor Update Call where the company will discuss its Third Quarter 2023 Financial Result ...

Financial Performance - Revenues decreased from $5,435,654 for Q3 2022 to $3,387,169 for Q3 2023, a decline of approximately 37.69%[144] - Gross profit for Q3 2023 was $1,482,781, down from $2,660,915 in Q3 2022, representing a decrease of 44.28%[146] - For the nine months ended September 30, 2023, revenues decreased by 23.46% to $11,572,699 from $15,119,216 in the same period of 2022[150] - Gross profit for the nine months ended September 30, 2023 was $5,266,771, down 25% from $7,022,232 in the same period of 2022[152] - The company reported a net loss of $887,709 for Q3 2023 compared to a net income of $576,916 in Q3 2022[149] - The company recorded a net loss of $1,942,436 for the nine months ended September 30, 2023, compared to a net income of $211,001 in the same period of 2022[154] Expenses - Research and development costs increased by 91.23% from $222,549 in Q3 2022 to $425,573 in Q3 2023, driven by hiring for the AGMDC division[148] - Selling, general and administrative expenses decreased by approximately 4.98% to $5,677,778 for the nine months ended September 30, 2023[152] Cash Position - Cash and cash equivalents as of September 30, 2023, were $5,457,706, down from $13,290,222 as of December 31, 2022[156] - The company plans to finance internal growth through cash on hand, operations, borrowings, or equity offerings[157] Internal Controls - As of September 30, 2023, the company's disclosure controls and procedures were deemed ineffective by the CEO and CFO, failing to provide reasonable assurance for timely reporting as required by SEC rules[161] - There were no changes affecting the internal control over financial reporting during the reporting period[162] - The company does not expect its disclosure controls and procedures to prevent all errors and fraud, acknowledging limitations in achieving desired control objectives[160]