AmpliTech Group, Inc. Announces Earnings Results for the Fourth Quarter and Year 2016
January 10, 2017 at 12:12 pm
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AmpliTech Group, Inc. announced earnings results for the fourth quarter and year 2016. The company reported fourth quarter revenue of $664,000 with a net income of 39%, or $259,000.
For the year, the company reported net income of 28% on revenue of $2.039 million. Year on year revenue growth was 40% and year on year net income growth of 300%.
AmpliTech Group, Inc. is engaged in designing, engineering, and assembling micro-wave component-based amplifiers. Its divisions include Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech Group MMIC Design Center (AGMDC) and AmpliTech Group True G Speed Services (AGTGSS). Its products consist of radio frequency (RF) amplifiers and related subsystems, operating at multiple frequencies from 50 kilohertz (kHz) to 44 gigahertz (GHz), and custom assembly designs for the global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets. Its Specialty Microwave division designs and manufactures satellite communication (SATCOM) microwave components, RF subsystems and specialized electronic assemblies for the military and commercial markets and more. AGMDC designs, develops and manufactures signal processing components for satellites. AGTGSS division provides managed services, cybersecurity, cloud services, data sciences and telco cloud services.
AMPLITECH GROUP, INC. 
