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]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 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 Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 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 TheNasdaq Stock Market LLC Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

AmpliTech Group, Inc. (NASDAQ:AMPG) Q4 2022 Earnings Conference Call April 10, 2023 4:00 PM ET Company Participants Shan Sawant - Director of Corporate Communications Fawad Maqbool - Founder and Chief Executive Officer Louisa Sanfratello - Chief Financial Officer Conference Call Participants Jack Vander Aarde - Maxim Group Richard Greulich - REG Capital Advisors Operator Good day, ladies and gentlemen, and welcome to AmpliTech Group's Quarterly Investor Update Call, where the company will discuss its full-y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2022 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. registrant as specified in its charter) | --- | --- | --- | |-------|------------------------------------|---------------| | | (Exact Nevada | ...

AmpliTech Group, Inc. (NASDAQ:AMPG) Q3 2022 Earnings Conference Call November 14, 2022 1:00 PM ET Company Participants Shan Sawant - Director of Corporate Communications Fawad Maqbool - Founder and CEO Jorge Flores - COO Louisa Sanfratello - CFO Conference Call Participants Eric Beder - SCC Research Jack Vander Aarde - Maxim Group Operator Good day, ladies and gentlemen, and welcome to AmpliTech Group’s 2022 Investor Update Call. At this time, all participants are in a listen-only mode. Later, we will condu ...