Balance Sheet AmpliTech Group, Inc.

Equities

AMPG

US03211Q2003

Communications & Networking

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08-30	AmpliTech Says August Bookings Top $1 Million	MT
08-28	Transcript : AmpliTech Group, Inc., Q2 2024 Earnings Call, Aug 28, 2024

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Published financial data: AMPLITECH GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.12M	3.46M	5.28M	19.39M	15.58M
Total Revenues	3.12M	3.46M	5.28M	19.39M	15.58M
Cost of Goods Sold, Total	1.56M	2.2M	3.98M	10.47M	8.31M
Gross Profit	1.57M	1.25M	1.29M	8.92M	7.28M
Selling General & Admin Expenses, Total	1.41M	2.17M	4.56M	7.63M	7.51M
Stock-Based Compensation (IS)	-	-	-	-	-
R&D Expenses	-	-	1.83M	1.02M	2.34M
Other Operating Expenses, Total	1.41M	2.17M	6.4M	8.66M	9.85M
Operating Income	159K	-916K	-5.11M	269K	-2.58M
Interest Expense, Total	-76.05K	-110K	-42.81K	-13.01K	-
Interest And Investment Income	-	-	-	-	19.28K
Net Interest Expenses	-76.05K	-110K	-42.81K	-13.01K	19.28K
Other Non Operating Income (Expenses)	-	-	255K	-	-
EBT, Excl. Unusual Items	82.94K	-1.03M	-4.89M	256K	-2.56M
Merger & Related Restructuring Charges	-77K	-	-	-	-
Impairment of Goodwill	-	-	-	-120K	-
Gain (Loss) On Sale Of Investments	-	-	-97.86K	2.34K	133K
Gain (Loss) On Sale Of Assets	-	-	-	-	-16.4K
Other Unusual Items	-	-	232K	-816K	-
EBT, Incl. Unusual Items	5.94K	-1.03M	-4.76M	-677K	-2.44M
Income Tax Expense	-	-	-	-	24K
Earnings From Continuing Operations	5.94K	-1.03M	-4.76M	-677K	-2.47M
Net Income to Company	5.94K	-1.03M	-4.76M	-677K	-2.47M
Net Income - (IS)	5.94K	-1.03M	-4.76M	-677K	-2.47M
Net Income to Common Incl Extra Items	5.94K	-1.03M	-4.76M	-677K	-2.47M
Net Income to Common Excl. Extra Items	5.94K	-1.03M	-4.76M	-677K	-2.47M
Per Share Items
Net EPS - Basic	0	-0.37	-0.53	-0.07	-0.26
Basic EPS - Continuing Operations	0	-0.37	-0.53	-0.07	-0.26
Basic Weighted Average Shares Outstanding	2.43M	2.78M	8.9M	9.61M	9.66M
Net EPS - Diluted	0	-0.37	-0.53	-0.07	-0.26
Diluted EPS - Continuing Operations	0	-0.37	-0.53	-0.07	-0.26
Diluted Weighted Average Shares Outstanding	4.5M	2.78M	8.9M	9.61M	9.66M
Normalized Basic EPS	0.02	-0.23	-0.34	0.02	-0.17
Normalized Diluted EPS	0.01	-0.23	-0.34	0.02	-0.17
Supplemental Items
EBITDA	213K	-824K	-4.96M	681K	-2.05M
EBITA	171K	-875K	-5.06M	419K	-2.43M
EBIT	159K	-916K	-5.11M	269K	-2.58M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	-	-	-	-	-0.98
Deferred Domestic Taxes	-	-	-	-	24K
Total Deferred Taxes	-	-	-	-	24K
Normalized Net Income	51.84K	-641K	-3.06M	160K	-1.6M
Interest on Long-Term Debt	1.39K	65.5K	24K	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	56.51K	61.95K	1.83M	1.02M	2.34M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	118K	129K	786K	399K	390K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	118K	129K	786K	399K	390K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	575K	200K	18.02M	13.29M	6.73M
Short Term Investments	-	-	-	247K	-
Total Cash And Short Term Investments	575K	200K	18.02M	13.54M	6.73M
Accounts Receivable, Total	619K	357K	1.66M	1.8M	2.54M
Other Receivables	-	-	201K	-	-
Total Receivables	619K	357K	1.86M	1.8M	2.54M
Inventory	558K	517K	4.19M	6.63M	6.54M
Prepaid Expenses	124K	322K	210K	195K	1.34M
Total Current Assets	1.88M	1.4M	24.28M	22.17M	17.15M
Gross Property Plant And Equipment	1.34M	1.29M	3.23M	7.23M	7.53M
Accumulated Depreciation	-682K	-657K	-757K	-1.01M	-1.39M
Net Property Plant And Equipment	663K	636K	2.47M	6.22M	6.14M
Long-term Investments	-	-	250K	348K	348K
Goodwill	120K	120K	4.82M	4.7M	4.7M
Other Intangibles, Total	673K	632K	3.28M	3.13M	2.98M
Other Long-Term Assets, Total	27.82K	26.71K	122K	113K	91.48K
Total Assets	3.36M	2.81M	35.23M	36.68M	31.41M
Liabilities
Accounts Payable, Total	155K	114K	3.01M	860K	846K
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	-	200K	-	-	-
Current Portion of Long-Term Debt	170K	206K	130K	144K	80.84K
Current Portion of Leases	161K	120K	425K	620K	558K
Other Current Liabilities	35.68K	15.3K	254K	211K	14.24K
Total Current Liabilities	521K	654K	3.82M	1.84M	1.5M
Long-Term Debt	1.32M	1.4M	200K	89.6K	-
Long-Term Leases	422K	318K	813K	3.82M	3.2M
Unearned Revenue Non Current	-	-	1.37M	2.18M	-
Deferred Tax Liability Non Current	-	-	-	-	24K
Total Liabilities	2.27M	2.37M	6.19M	7.92M	4.73M
Preferred Stock Convertible	1	-	-	-	-
Total Preferred Equity	1	-	-	-	-
Common Stock, Total	73.57K	4.84K	9.58K	9.64K	9.72K
Additional Paid In Capital	1.86M	2.3M	35.65M	36.05M	36.44M
Retained Earnings	-843K	-1.87M	-6.63M	-7.3M	-9.77M
Total Common Equity	1.09M	440K	29.03M	28.76M	26.68M
Total Equity	1.09M	440K	29.03M	28.76M	26.68M
Total Liabilities And Equity	3.36M	2.81M	35.23M	36.68M	31.41M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.45M	6.58M	9.58M	9.64M	9.72M
ECS Total Common Shares Outstanding	2.45M	4.84M	9.58M	9.63M	9.71M
Book Value / Share	0.45	0.09	3.03	2.98	2.75
Tangible Book Value	300K	-312K	20.93M	20.92M	19M
Tangible Book Value Per Share	0.12	-0.06	2.18	2.17	1.96
Total Debt	2.08M	2.24M	1.57M	4.67M	3.84M
Net Debt	1.5M	2.04M	-16.45M	-8.87M	-2.88M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	325K	610K	872K	960K
Inventories - Work In Process, Total	-	130K	162K	230K	51.14K
Inventories - Finished Goods, Total	-	132K	4.45M	6.66M	6.67M
Inventories - Others	667K	-	-	-	-
Machinery, Total	804K	946K	2.11M	2.95M	3.9M
Full Time Employees	19	16	34	36	46
Part Time Employees	-	-	6	4	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	125K	39.38K	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	5.94K	-1.03M	-4.76M	-677K	-2.47M
Depreciation & Amortization - CF	117K	186K	196K	807K	926K
Amortization of Goodwill and Intangible Assets - (CF)	12.44K	41.22K	41.04K	150K	150K
Depreciation & Amortization, Total	129K	227K	237K	957K	1.08M
Amortization of Deferred Charges, Total - (CF)	90.1K	67.24K	162K	42.76K	-
(Gain) Loss From Sale Of Asset	-	-	7.19K	1.61K	16.4K
(Gain) Loss on Sale of Investments - (CF)	-	-	97.86K	-2.28K	-
Asset Writedown & Restructuring Costs	-	-	-	120K	-
Stock-Based Compensation (CF)	118K	129K	786K	399K	390K
Other Operating Activities, Total	-	-	-232K	816K	33.54K
Change In Accounts Receivable	-357K	262K	-60.54K	-142K	-741K
Change In Inventories	135K	40.37K	501K	-2.44M	76.54K
Change In Accounts Payable	65.95K	-40.97K	1.26M	-2.15M	-14.19K
Change in Other Net Operating Assets	-208K	-181K	-199K	-355K	-1.84M
Cash from Operations	-20.02K	-521K	-2.2M	-3.43M	-3.47M
Capital Expenditure	-12.65K	-71.62K	-1.06M	-736K	-973K
Cash Acquisitions	-669K	-	-9.2M	-	-
Investment in Marketable and Equity Securities, Total	-	-	-348K	-343K	247K
Cash from Investing	-681K	-71.62K	-10.61M	-1.08M	-726K
Short Term Debt Issued, Total	-	300K	-	-	-
Long-Term Debt Issued, Total	1.33M	232K	-	441K	-
Total Debt Issued	1.33M	532K	-	441K	-
Short Term Debt Repaid, Total	-72.9K	-100K	-200K	-	-
Long-Term Debt Repaid, Total	-419K	-223K	-1.07M	-665K	-187K
Total Debt Repaid	-492K	-323K	-1.27M	-665K	-187K
Issuance of Common Stock	-	8.24K	31.9M	-	-
Other Financing Activities, Total	-	-	-	-	-2.18M
Cash from Financing	834K	218K	30.63M	-224K	-2.37M
Net Change in Cash	133K	-375K	17.82M	-4.73M	-6.56M
Supplemental Items
Cash Interest Paid	51.89K	107K	52.7K	42.45K	27.26K
Cash Income Tax Paid (Refund)	50	200	-	4.29K	10.2K
Levered Free Cash Flow	-237K	-246K	-5.03M	-3.73M	-5.3M
Unlevered Free Cash Flow	-214K	-178K	-5.01M	-3.72M	-5.3M
Change In Net Working Capital	614K	-43.25K	1.94M	4.55M	4.19M
Net Debt Issued / Repaid	834K	210K	-1.27M	-224K	-187K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.17	-18.55	-16.78	0.47	-4.73
Return on Total Capital	4.62	-19.56	-19.17	0.53	-5.04
Return On Equity %	0.59	-133.71	-32.29	-2.34	-8.89
Return on Common Equity	0.59	-133.71	-32.29	-2.34	-8.89
Margin Analysis
Gross Profit Margin %	50.15	36.27	24.5	46.02	46.68
SG&A Margin	45.06	62.76	86.53	39.35	48.2
EBITDA Margin %	6.82	-23.83	-94	3.51	-13.13
EBITA Margin %	5.49	-25.3	-96	2.16	-15.58
EBIT Margin %	5.09	-26.49	-96.78	1.39	-16.54
Income From Continuing Operations Margin %	0.19	-29.66	-90.21	-3.49	-15.82
Net Income Margin %	0.19	-29.66	-90.21	-3.49	-15.82
Net Avail. For Common Margin %	0.19	-29.66	-90.21	-3.49	-15.82
Normalized Net Income Margin	1.66	-18.54	-57.97	0.83	-10.26
Levered Free Cash Flow Margin	-7.6	-7.12	-95.4	-19.23	-34.03
Unlevered Free Cash Flow Margin	-6.86	-5.14	-94.89	-19.19	-34.03
Asset Turnover
Asset Turnover	1.31	1.12	0.28	0.54	0.46
Fixed Assets Turnover	7.4	5.32	3.4	4.46	2.52
Receivables Turnover (Average Receivables)	7.09	7.08	5.23	11.21	7.17
Inventory Turnover (Average Inventory)	3.28	4.1	1.69	1.93	1.26
Short Term Liquidity
Current Ratio	3.6	2.13	6.36	12.08	11.44
Quick Ratio	2.29	0.85	5.21	8.36	6.18
Operating Cash Flow to Current Liabilities	-0.04	-0.8	-0.58	-1.87	-2.31
Days Sales Outstanding (Average Receivables)	51.5	51.66	69.77	32.57	50.87
Days Outstanding Inventory (Average Inventory)	111.25	89.27	215.83	188.69	289.26
Average Days Payable Outstanding	25.49	22.67	74.35	54.67	37.91
Cash Conversion Cycle (Average Days)	137.26	118.26	211.25	166.6	302.22
Long Term Solvency
Total Debt/Equity	189.87	509.31	5.4	16.25	14.41
Total Debt / Total Capital	65.5	83.59	5.13	13.98	12.59
LT Debt/Equity	159.62	389.93	3.49	13.59	12.01
Long-Term Debt / Total Capital	55.06	64	3.31	11.69	10.5
Total Liabilities / Total Assets	67.45	84.34	17.58	21.6	15.05
EBIT / Interest Expense	2.09	-8.36	-119.27	20.71	-
EBITDA / Interest Expense	3.5	-7.52	-115.84	52.37	-
(EBITDA - Capex) / Interest Expense	3.34	-8.17	-140.69	-4.17	-
Total Debt / EBITDA	7.79	-2.72	-0.32	6.86	-1.88
Net Debt / EBITDA	5.63	-2.48	3.32	-13.01	1.41
Total Debt / (EBITDA - Capex)	8.18	-2.5	-0.26	-86.09	-1.27
Net Debt / (EBITDA - Capex)	5.92	-2.28	2.73	163.37	0.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	30.25	10.74	52.55	267.64	-19.64
Gross Profit, 1 Yr. Growth %	13.38	-19.91	3.06	590.44	-18.48
EBITDA, 1 Yr. Growth %	-44.02	-487.13	501.72	-113.74	-399.57
EBITA, 1 Yr. Growth %	-49.79	-610.25	478.97	-108.28	-676.53
EBIT, 1 Yr. Growth %	-53.43	-676.08	457.39	-105.28	-1.05K
Earnings From Cont. Operations, 1 Yr. Growth %