Amplitech Group (AMPG) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Jorge Flores - Chief Operating OfficerFawad Maqbool - Founder, Chairman, President, CEO, CTO & Treasurer Conference Call Participants Jack Vander Aarde - SVP & Senior Research AnalystVishal Mishra - Research Analyst Operator Good afternoon, and welcome to the Ambly Tech Group's First Quarter twenty twenty five Investors Update Call. Today's call will cover the company's financial results and strategic progress for the ...

Amplitech Group (AMPG) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Speaker0 Good afternoon, and welcome to the Ambly Tech Group's First Quarter twenty twenty five Investors Update Call. Today's call will cover the company's financial results and strategic progress for the quarter ended 03/31/2025. All participants will be in listen only mode during the presentation. A Q and A session will follow management's remarks. This call is being recorded, a replay will be made available on Amplitec's Investor Rela ...

Core Viewpoint - AmpliTech Group, Inc. reported its financial results for FY 2024, highlighting strong liquidity and strategic positioning for future growth, particularly in its 5G division, despite facing challenges in its distribution segment due to market conditions in Asia [2][3]. Financial Performance - Total revenue for FY 2024 was $10.25 million, a decline from FY 2023 [4]. - The company reported a net loss of $11 million, which included a $3.2 million loss from a cryptocurrency fraud incident [4]. - Total current assets amounted to $28.3 million, with current liabilities at $1.5 million, resulting in a working capital of $27 million [4]. - Cash reserves exceeded $19 million, and the company maintained zero debt on its balance sheet [4]. Operational Highlights - AmpliTech secured $21 million in capital to strengthen its balance sheet and execute growth strategies [4]. - Key contracts include a 5-year supplier agreement with Fujitsu for 5G ORAN radio products and a Blanket Order Agreement with a U.S. Fortune 1000 company, with initial orders exceeding $1.8 million [4][5]. - The company completed lab testing of its CAT B ORAN Massive MIMO 64T64R radio, achieving speeds over 1 Gbps, with FCC certification expected soon [5][6]. Strategic Developments - The 5G division is anticipated to become the flagship division for AmpliTech in FY 2025, with ongoing partnerships to enhance market share [5]. - A transformative $78 million Letter of Intent (LOI) was executed, marking the largest single-customer agreement in the company's history, supporting phased deployments through FY 2027 [6][7]. - Recent acquisitions of ORAN-related intellectual property will enable AmpliTech to serve new markets, including a major Canadian Mobile Network Operator [11]. Management Commentary - Management expressed confidence in capitalizing on strategic milestones achieved in FY 2024, with a strong start to FY 2025 marked by over $2.5 million in Q1 bookings and a backlog nearing $5 million [7]. - The company is focused on innovation and value creation, with over $100 million in potential multi-year revenue from current signed agreements [7][8].