Core Insights - AmpliTech has achieved a significant milestone by becoming the first U.S. company to validate a commercial 64T64R CAT-B Massive MIMO radio in global Open RAN testing, marking a pivotal moment in 5G infrastructure development [1][3][13] Company Achievements - The company successfully completed rigorous testing of its 64T64R CAT-B Massive MIMO O-RU during the O-RAN Global PlugFest Fall 2025, underscoring its leadership in high-capacity, open, and disaggregated 5G networks [3][4] - AmpliTech's 64T64R CAT-B radio is recognized as the highest radio network configuration in the 5G ecosystem, enabling high spectral efficiency and greater coverage at lower power per bit [4][5] Industry Impact - The successful PlugFest testing confirmed full multi-vendor interoperability, which strengthens the Open RAN ecosystem for dense urban 5G deployments [2][10] - AmpliTech's advancements in Massive MIMO technology are expected to disrupt the traditional vendor lock-in, allowing operators to source components from multiple vendors and reduce costs [9][10] Future Developments - The next phase of the PlugFest is scheduled for Spring 2026, focusing on end-to-end MIMO and Massive MIMO gNB functionality, which will further validate multi-vendor integration [8][11] - The company aims to provide a viable alternative to proprietary RAN solutions, enhancing the U.S. position in the global 5G supply chain [12][15]

Core Points - AmpliTech Group, Inc. is conducting a unit rights offering that expires at 5:00 PM Eastern Time on December 10, 2025 [1] - The offering includes up to 8,000,000 units priced at $4 per unit, each consisting of one common share and rights to purchase additional shares [2] - The proceeds from the offering will be used for scaling manufacturing, R&D, strategic partnerships, and general corporate purposes [4] Offering Details - The unit rights offering allows holders to oversubscribe for additional units not purchased by others, subject to pro rata allocation [3] - Key dates for the offering include the subscription deadline on December 10, 2025, with potential extensions until January 9, 2026 [5] - Series A Rights have a subscription price of $5 per share, expiring on July 18, 2026, while Series B Rights are priced at $6 per share, expiring on November 20, 2026 [5] Company Overview - AmpliTech Group is a leading designer and manufacturer of RF microwave components and 5G network solutions, serving markets such as telecommunications, satellite communications, and defense [7] - The company is committed to advancing technology and innovation across various sectors, including space exploration and quantum computing [7] Dealer-Manager Information - Moody Capital Solutions, Inc. is acting as the dealer-manager for the rights offering, providing advisory services and transaction execution [8]

Core Viewpoint - AmpliTech Group, Inc. is conducting a unit rights offering set to expire on December 10, 2025, allowing right-holders to purchase units at $4 each, which include common shares and rights to purchase additional shares [1][2]. Offering Details - The unit rights offering consists of up to 8,000,000 units priced at $4 per unit, each unit comprising one common share and one Series A Right and one Series B Right to purchase additional common shares [2]. - Holders who fully exercise their unit rights can oversubscribe for additional units not purchased by other right-holders, subject to pro rata allocation [3]. Use of Proceeds - The net proceeds from the offering will be utilized for scaling domestic manufacturing and operations, advancing R&D and product commercialization, enhancing vertical integration and supply-chain resilience, engaging in strategic partnerships, supporting corporate growth initiatives, and for working capital and general corporate purposes [4]. Important Dates - The key dates for the unit rights offering include: - Deadline for subscription and payment: December 10, 2025 - Expiration date for Subscription Rights: December 10, 2025 - Series A Rights subscription price: $5 per share, expiring on July 18, 2026 - Series B Rights subscription price: $6 per share, expiring on November 20, 2026 [5]. Company Overview - AmpliTech Group, Inc. is a leading designer, developer, manufacturer, and distributor of advanced radio frequency (RF) microwave components and 5G network solutions, serving markets such as satellite communications, telecommunications, space exploration, defense, and quantum computing [7].

Core Viewpoint - AmpliTech Group is set to hold its first Investor Demo Day on December 10, 2025, showcasing its ORAN 5G network performance to investors, emphasizing the company's commitment to delivering superior connectivity solutions in the 5G space [1][3]. Group 1: Event Details - The Investor Demo Day will take place at AmpliTech Group's headquarters in Hauppauge, NY, from 4:30 PM to 6:15 PM [5]. - Attendees are encouraged to compare their current 5G network performance with AmpliTech's Private 5G network during the event [2][4]. - The agenda includes shareholder check-in, official meeting activities, and both indoor and outdoor speed tests of AmpliTech's network [4]. Group 2: Company Overview - AmpliTech Group, Inc. operates five divisions focused on designing, developing, manufacturing, and distributing advanced RF microwave components and 5G network solutions [6]. - The company serves various global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing [6].

Core Insights - AmpliTech Group has secured nearly $5 million in follow-on purchase orders from two LOI customers, with deliveries scheduled for the first and second quarters of 2026, as part of an expanded $100 million LOI [3][7] - The company is making significant progress in its core technology and product divisions, aligning with customer timelines and advancing program schedules [5][6] - There is a strong global demand for AmpliTech's high-performance amplifiers and system-level solutions, particularly in ORAN 5G, private 5G, and satellite communications [7][8] Financial Overview - Current assets increased from $18.75 million to $19.18 million, with cash and cash equivalents at approximately $2.40 million [1] - Total liabilities rose slightly from $6.85 million to $6.89 million, while total stockholders' equity decreased from $16.28 million to $16.00 million [1] Operational Progress - The company is actively shipping products under existing agreements and progressing through certification and integration milestones for ORAN 5G systems [8] - Engagements in private 5G solutions are ongoing with enterprises and government organizations [8] - Demand for ultra-low-noise amplifiers and related components in satellite communications remains steady [8] Management Commentary - The CEO emphasized the commitment to delivering reliable, high-performance solutions that meet evolving customer needs across various applications [6] Forward Outlook - AmpliTech plans to continue disciplined execution and transparent communication as program activities advance [9]

Core Insights - AmpliTech has launched its new Band 50 (n50) 5G Open RAN radios, designed for long-range Fixed Wireless Access (FWA) coverage with low power consumption and full O-RAN 7.2x compatibility [2][4][10] - The company has completed successful field trials, allowing it to proceed to production with initial shipments expected to start in December 2025 [2][9] - Revenue outlook has increased from $78 million to over $100 million, supported by multi-year deployments through 2027 and expanding rural broadband coverage [3][9] Product Details - The Band 50 radios operate around 1.4–1.5 GHz, providing wide-area 5G coverage over long distances and better indoor penetration compared to higher mid-band spectrum [5][7] - These radios are designed to be cost-efficient and optimized for rural and challenging geographies, combining with extensive fiber backbone and 5G core software [5][6] - The radios are compliant with O-RAN 7.2x fronthaul specifications, ensuring interoperability with multi-vendor Distributed Unit (DU) and Central Unit (CU) platforms [7][8] Strategic Importance - The release of Band 50 radios positions AmpliTech at the forefront of ORAN 5G deployments globally, aiming to deliver fast and affordable 5G home broadband [10] - The initiative highlights the strength of AmpliTech's Open RAN strategy, targeting emerging markets and supporting digital inclusion goals [10]

Core Points - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1] Summary by Categories Technical Requirements - Users are advised to enable Javascript and cookies in their browsers to ensure proper functionality [1] - The presence of ad-blockers can lead to blocked access, necessitating their temporary disablement [1]

Financial Data and Key Metrics Changes - Quarterly revenue reached $6.09 million, a 115% increase compared to $2.83 million in Q3 2024 [4] - Gross profit more than doubled to $2.96 million, representing a 48.6% gross margin, up from 47.5% in the prior year [4] - EBITDA positive of nearly $200,000, indicating substantial improvement in operating performance [4] - Net loss narrowed significantly to $188,000 compared to a net loss of $1.19 million in Q3 2024 [4] - Year-to-date revenue surged 171% to $20.7 million compared to $7.7 million in the same period last year [5] - Net loss reduced by nearly 50%, improving from $7.4 million in 2024 to $3.8 million in 2025 [5] Business Line Data and Key Metrics Changes - Growth driven by the successful integration of AmpliTech's 5G ORAN technology and strong momentum in low-noise amplifiers and 5G infrastructure systems [5] - Continued investment in R&D increased by 60%, supporting new product development in MIMO 64P64R ORAN radios and private 5G network systems [5] Market Data and Key Metrics Changes - The company anticipates double-digit gross margins in Q4 2025 and 2026 as production costs normalize [7] - Projected revenue for fiscal year 2026 is at least $50 million, effectively doubling the projected record fiscal year 2025 revenue of at least $25 million [7] Company Strategy and Development Direction - The integration of ORAN IP portfolio positions AmpliTech as a U.S.-based vertically integrated supplier for next-generation open RAN 5G radios [6] - The company aims for a 25%-30% annual revenue growth through 2030, driven by ORAN 5G LOIs with two different customers [10] - The rights offering is designed to strengthen the balance sheet without incurring expensive debt, supporting growth while respecting long-term shareholders [12] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability in fiscal year 2026, assuming the continuation of current order pace and margin recovery [7] - The company is positioned to deliver successive quarters of growth and enhanced shareholder value, with a healthy balance sheet and zero long-term debt [16] Other Important Information - The rights offering is priced at $4 per unit, providing growth capital for scaling ORAN product lines and expanding domestic production [6] - The company plans to use proceeds from the rights offering to scale production, fund inventory, and complete necessary certifications [14][15] Q&A Session Summary Question: Will the rights be traded when distributed? - Yes, the rights are expected to be traded when distributed [20][21] Question: Can you provide more details on gross margins for new products? - Specific gross margin information cannot be disclosed due to competitive nature, but the company expects at least double-digit gross margins on all products [23][24] Question: Historically, gross margins have been around 30-40%. Will this continue? - The company has recovered to over 40% gross margins in Q3 and will continue to allocate capital to improve margins [24][25]

Financial Data and Key Metrics Changes - Quarterly revenue reached $6.09 million, a 115% increase compared to $2.83 million in Q3 2024 [4] - Gross profit more than doubled to $2.96 million, representing a 48.6% gross margin, up from 47.5% in the prior year [4] - EBITDA positive of nearly $200,000, indicating substantial improvement in operating performance [4] - Net loss narrowed significantly to $188,000 compared to a net loss of $1.19 million in Q3 2024 [4] - Year-to-date revenue surged 171% to $20.7 million compared to $7.7 million in the same period last year [5] - Net loss reduced by nearly 50%, improving from $7.4 million in 2024 to $3.8 million in 2025 [5] Business Line Data and Key Metrics Changes - Growth driven by the successful integration of AmpliTech's 5G ORAN technology and strong momentum in low-noise amplifiers and 5G infrastructure systems [5] - Continued investment in R&D increased by 60%, supporting new product development in MIMO 64P64R ORAN radios and private 5G network systems [5] Market Data and Key Metrics Changes - The company anticipates double-digit gross margins in Q4 2025 and 2026 as production costs normalize [7] - Projected revenue for fiscal year 2026 is at least $50 million, effectively doubling the projected record fiscal year 2025 revenue of at least $25 million [7] Company Strategy and Development Direction - The integration of ORAN IP portfolio positions AmpliTech as a U.S.-based vertically integrated supplier for next-generation open RAN 5G radios [6] - The company aims for a 25%-30% annual revenue growth through 2030, driven by ORAN 5G LOIs with two different customers [10] - The rights offering is designed to strengthen the balance sheet without incurring expensive debt, supporting growth while respecting long-term shareholders [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability by fiscal year 2026, assuming the continuation of current order pace and margin recovery [7] - The company is positioned to deliver successive quarters of growth and enhanced shareholder value, with expectations of receiving additional orders [16] Other Important Information - The rights offering is priced at $4 per unit, providing growth capital for scaling ORAN product lines and expanding domestic production [6] - The company plans to use proceeds from the rights offering to scale production, fund inventory, and complete necessary certifications [14][15] Q&A Session Summary Question: Will the rights be traded when distributed? - Yes, the rights are expected to be traded when distributed [20][21] Question: Can you provide more details on gross margins for new products? - Specific gross margin information cannot be disclosed due to competitive nature, but the company expects at least double-digit gross margins on all products [23][24] Question: Historically, gross margins have been around 30-40%. Will this continue? - The company has recovered to over 40% gross margins in Q3 and will continue to allocate capital to improve margins [24][25]

Financial Data and Key Metrics Changes - Quarterly revenue reached $6.09 million, a 115% increase compared to $2.83 million in Q3 2024 [5] - Gross profit more than doubled to $2.96 million, representing a 48.6% gross margin, up from 47.5% in the prior year [5] - Net loss significantly narrowed to $188,000 compared to a net loss of $1.19 million in Q3 2024 [5] - Year-to-date revenue surged 171% to $20.7 million compared to $7.7 million in the same period last year [6] - Net loss reduced by nearly 50%, improving from $7.4 million in 2024 to $3.8 million in 2025 [6] Business Line Data and Key Metrics Changes - Growth driven by the successful integration of AmpliTech's 5G ORAN technology and strong momentum in low-noise amplifiers and 5G infrastructure systems [6] - Continued investment in R&D increased by 60%, supporting new product development in MIMO 64P64R ORAN radios and private 5G network systems [6] Market Data and Key Metrics Changes - The company anticipates double-digit gross margins in Q4 2025 and 2026 as production costs normalize [8] - Projected revenue for fiscal year 2026 is at least $50 million, effectively doubling the projected record fiscal year 2025 revenue of at least $25 million [8] Company Strategy and Development Direction - The integration of ORAN IP portfolio positions AmpliTech as a U.S.-based vertically integrated supplier for next-generation open RAN 5G radios [7] - The company aims for 25%-30% annual revenue growth through 2030, driven by ORAN 5G LOIs with two different customers [11] - The rights offering is designed to strengthen the balance sheet without incurring long-term debt, supporting growth while respecting long-term shareholders [13] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability by fiscal year 2026, assuming the continuation of current order pace and margin recovery [8] - The company is positioned to deliver successive quarters of growth and enhanced shareholder value, with expectations of receiving additional orders [17] Other Important Information - The rights offering is priced at $4 per unit, providing growth capital for scaling ORAN product lines and expanding domestic production [7] - The company plans to use proceeds from the rights offering to scale production, fund inventory, and complete necessary certifications [14][15] Q&A Session Summary Question: Will the rights be traded when distributed? - Yes, the rights are expected to be traded when distributed [18] Question: What are the expected gross margins as the company scales? - The company has a mixed list of ORAN 5G products, each with different gross margins, but expects at least double-digit gross margins on all products [19][20]