Wednesday, October 26, 2016 11:03:01 PM
10 bagger Member Level Wednesday, May 20, 2015 12:35:49
AMPG - AmpliTech Group Reports First Quarter Profit
NEW YORK, May 20, 2015 /PRNewswire/ -- AmpliTech Group, Inc. (OTC-QB: AMPG) filed their 10-Q for the first quarter of 2015. CEO Fawad Maqbool stated, "AmpliTech Group has been following a path towards reducing its debt and operating expenses as well as increasing its bookings and revenue. We have taken great strides towards our goals as stated in our previous press releases and I am pleased to report the highlights of those advances below."
Net consolidated profit and EBITDA of $48,000 vs. net loss of $82,000 in 1Q 2014
Increase in revenue by 7% vs. 1Q 2014's revenue
Decrease in Cost of Goods (COGS) by 16%
Increase in gross profit by 34%
Minimal payables and no convertible or long term debt
Reduction of interest expense
Reduction of overall liabilities by 17%
Mr. Maqbool also stated, "It is evident that the company has 'turned the corner' as shown by its overall performance and growth this year. Our bookings have been increasing so we expect that we can sustain this performance with increased profitability for the rest of the year. We further anticipate that our new product development and planned joint ventures will also help to keep us on the path to growth and technical excellence."
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Click here to view AmpliTech video. Website: http://www.AmpliTechinc.com
http://www.prnewswire.com/news-releases/amplitech-group-reports-first-quarter-profit-300086307.html
Recent AMPG News
- AMPG Files For Shelf Registration To Replace Expired Identical Shelf Without Dilution, Reinforcing Financial Stability • GlobeNewswire Inc. • 04/16/2024 02:36:38 PM
- AmpliTech Group’s Division AGTGSS, Riding The Crest Of Its Recent O-RAN CAT B 64T64R MIMO Radio Release, Teams Up With the Open6G OTIC at the Institute for the Wireless Internet of Things (WIoT) at Northeastern University To Perform O-RAN 5G Interoperabi • GlobeNewswire Inc. • 04/02/2024 01:30:00 PM
- AmpliTech Group Showcases Remarkable Success At The Satellite Show In Washington DC Held March 19 to March 21, 2024 • GlobeNewswire Inc. • 04/01/2024 12:30:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/06/2024 10:04:10 PM
- AmpliTech Group’s AGTGSS Division Unveils New 5G High-Speed Network In A Box (NIB) • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- AmpliTech Continues Its New Products Rollout, Featuring The Latest Products In 5G And SATCOM At The MWC Show in Barcelona and Satellite Show in Washington DC • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- AmpliTech Group’s Division, AmpliTech Inc, Unveils Its New KA LNB Unit, Designed For Superior Performance In LEO, MEO, GEO And KA Band Teleport Applications • GlobeNewswire Inc. • 01/30/2024 01:30:00 PM
- AmpliTech Group Unveils AGTGSS Flagship Product, A Massive MIMO, 64T64R ORAN, CAT B Radio And Launches New AGTGSS Division Website • GlobeNewswire Inc. • 01/10/2024 02:00:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/23/2023 12:30:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/23/2023 12:30:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/23/2023 12:30:07 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:12:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/17/2023 08:19:45 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 10/23/2023 08:00:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/29/2023 08:00:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2023 06:07:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:08:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:07:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:07:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 01:00:39 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/09/2023 08:05:22 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM