Amplitech Group Inc (AMPG)

[OBrien]

With 3 weeks left in Q3 AMPG announced they had outpaced Q2 sales of just over 500K. I'd say $150K would be the max they could have done in the last 3 weeks so I think around $650K in sales is what we may see if timing of sales worked out.

IMO they are capable of hitting net margins of 18%-20% which would put them at $117k-$130K net income.
However, we know they have been spending a little more on marketing so net income could come in a little low but lets see.

We havent really seen a normal quarter since they have paid off debt/high interest loans.. Q2 Income was high partially because of some expenses being realized in Q1 but Q3 should give us a very good idea of what to expect going forward IMO.