AmpliTech Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:01 pm
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AmpliTech Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 4.07 million compared to USD 4.58 million a year ago. Net loss was USD 0.472761 million compared to USD 0.36954 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.04 a year ago.
For the six months, sales was USD 8.19 million compared to USD 9.68 million a year ago. Net loss was USD 1.05 million compared to USD 0.365915 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago.
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. 