GlobeNewswire•last month
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.