|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0680 - 0.0680|
|52 Week Range||0.0265 - 0.0840|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||17.00|
|Earnings Date||Jul 19, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
AmpliTech Group, Inc. (AMPG) is pleased to announce that it closed the acquisition of the assets of Specialty Microwave Corporation (SMW) today and has completed the audit work required to complete the acquisition. As part of the closing process, AMPG and SMW agreed that AMPG would not acquire the freehold property at 120 Raynor Ave, Ronkonkoma (the “Property”)(SMW’s Headquarters) for $1.2mm (comprising $150k cash at close and a five year, $1.025mm Promissory Note) at close, and have instead entered into a 5 year lease on the Property with an option to buy the Property during the first two years of the lease term for $1.2mm and then at FMV for the remainder of the lease term.
Gross profit was down slightly in the second quarter of 2019 due to a larger investment in R&D and marketing, as well as larger COGS on newly developed products. AmpliTech was well received once again at the annual IMS2019 Exhibition. Existing and potential customers were pleased with AMPG’s acquisition and expansion of product line and capabilities.
Bohemia, NY, July 09, 2019 -- via NEWMEDIAWIRE -- AmpliTech Group, Inc. (OTCQB: AMPG): Amplitech Group, Inc (“AMPG”) today entered into an agreement with ipCapital Group.
Bohemia, NY, May 30, 2019 -- via NEWMEDIAWIRE -- AmpliTech Group, Inc. (OTCQB: AMPG): Amplitech (AMPG) filed its Form 10-Q on May 14, 2019, and received some follow up.
In the longer term, Amplitech is seeking to have an optimal mix of higher volume, lower margin, outsourced business with higher margin, lower volume, more complex/higher performance components/systems, resulting in the highest possible throughput at the highest possible operating margins. In addition, outsourced production frees up the Amplitech facility to produce higher margin, lower volume, engineered solutions for its customers’ needs, which can be transitioned to an outsourced model if/when the customer moves to increased volumes in that particular line. The acquisition of SMW’s assets by Amplitech is expected to result in increased sales ($4.5-5.0 million), an increased order book ($2.1-2.5 million) and increased EBITDA ($800-900 thousand) on an annualized proforma basis, upon completion of the acquisition, which is expected by the end of July 2019.
BOHEMIA, NY, May 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – [AMENDED] - AmpliTech Group, Inc. (AMPG) signed an asset purchase agreement to acquire the business assets of Specialty Microwave Corp. (SMW), a privately held company based in nearby Ronkonkoma NY. The purchase will include all business assets of SMW, including all inventory, orders, customers, fixed assets, and all intellectual property and is contingent upon the simultaneous purchase of SMW’s premises at 120 Raynor Ave, Ronkonkoma, NY.
Bohemia, NY, April 30, 2019 -- via NEWMEDIAWIRE -- AmpliTech Group Inc. (OTCQB-AMPG) is pleased to announce the addition of Wayne Homschek to its Board of Directors as an.
Bohemia, NY, March 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- AmpliTech Group Inc., (OTCQB-AMPG) announced today the results of its 10-K filing for FY2018. AMPG reported a record revenue of $2.4 million. The Company succeeded in converting its record backlog, reported in 2018, into record sales.
Bohemia, NY, Nov. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Amplitech Group, Inc., (OTCQB-AMPG) Announces Release of 3rd Quarter 10Q for 2018--The company reiterated its goal of putting a strong emphasis on operational improvement this year as opposed to 2017. The procedures put in place will continue to improve productivity, resulting in higher revenue, profitability and sustainable positive cash flow. "We continue to invest in talent, technologies and unique skill sets that we believe will drive growth this year and well beyond," stated CFO Louisa Sanfratello. For the 3rd quarter of 2018, Amplitech had several non-recurring expenses that impacted the bottom line but will contribute to more growth in 2019. The Company significantly invested in new product development and as a result, we have purchased new test and assembly equipment to support more growth and productivity.