Amplitech Group Inc (AMPG)

[tedpeele]

Volume already 2x avg on GREAT results:

$646,000 net income for last 9 months - .014 per share, which annualized is .01867

source

Defense & Aerospace industry PE avg is 15,

so 15 x .01867 = 28 cents a share,

and that doesn't even take into account the key driver here:

GROWTH. Their annual revenues were up 40%, and according to the update just out they expect to continue growing, and they provided a nice detailed list of how they plan to do that for 2017:

Sources of increased revenue generation in 2017:

Development of LNAs for Airline Wi-Fi systems

Strategic re-selling and cross-selling platforms with new parties

New nationwide distribution partner

Development of new high power amplifiers (HPA) targeted for commercial and military markets

Expanded marketing venues, i.e. increased surgical advertising, trade shows, and direct marketing

Pursuing a GSA government award to reach as many as 800 government agencies

Development of line of mainstream wireless consumer products

New orders with large OEMs like Boeing, Viasat and Cobham Defense Systems, among others

Development of new products other than amplifiers to increase product offerings and revenue