AMPG
AmpliTech Group, Inc.
Next earnings Aug 12, 2026 · consensus $-0.02 EPS, $8.16M rev
Last earnings -7.8% on 2026-05-13
$5.99
▼ -14.79%$5.99▲ +182.55%
over 1Y
L $1.76H $9.70
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-14.8%
1W-14.2%
1M+19.3%
3M+210.4%
YTD+82.6%
1Y+182.5%
Avoid
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Explosive but lumpy revenue can't hide the real problem: $8.7M cash burn against $5M cash and a 24% gross margin — a funding cliff.
Revenue $25.2M · FY2025
AMPG is a real business with genuine 5G/ORAN, cryogenic and MMIC product lines, and FY2025 revenue of $25.2M (+165% YoY) shows the Titan ORAN radio assets are starting to convert. But the growth is violently lumpy — revenue went $15.6M (2023) → $9.51M (2024) → $25.2M (2025) — and the company has never earned a profit: five straight years of net losses, a -$7.01M FY2025 loss, a -29.1% operating margin, and a $28.0M accumulated deficit. A 23.9% gross margin on communications hardware leaves almost no room to fund opex, so scale hasn't fixed the loss engine.
The balance sheet is where this crosses from 'speculative growth' to 'avoid.' Operating cash flow was -$8.68M in FY2025 while cash fell 74.2% to just $4.98M — burn now exceeds the entire cash balance, meaning the company must raise money, take on debt, or hit its milestones fast. It is already leaning on dilution (shares +28.9% YoY, with more restricted stock owed to Titan) and liabilities jumped 224.9%, driven by an 870.5% surge in current liabilities that includes the $3.0M contingent Titan Second-Milestone obligation. That is a classic liquidity squeeze.
Is AMPG a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread (caution)~60d expiry
- Long put 6 @ ~1.62 est
- Short put 5.5 @ ~1.31 est
debit $31max +$19max −$31BE 5.69
AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | $15.6M | $9.51M | $25.2M |
| Gross profit | $1.29M | $8.92M | $7.28M | $3.49M | $6.03M |
| Operating income | -$5.11M | $151K | -$2.58M | -$8.43M | -$7.32M |
| Net income | -$4.76M | -$677K | -$2.47M | -$11.2M | -$7.01M |
| Diluted EPS | -$0.53 | -$0.07 | -$0.26 | -$1.04 | -$0.33 |
| Net margin | — | — | -15.8% | -118.2% | -27.8% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$147M
EV / EBITDA—
EV / Sales5.8
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-4.6%
FCF yield-6.4%
Quality & risk
ROIC (est.)-17.6%
Free cash flow-$9.70M
Total debt$80.8K
Net cash$4.90M
Altman Z-Score4.39 safe
Piotroski F-Score3/9
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+28.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Other event2026-06-22
Item 8.01 other-events disclosure; company update, no financials attached
- 8-K Earnings results2026-05-13
Q1'26: ORAN radio orders shipping, revenue scaling; cash still tight
- 10-Q Quarterly report2026-05-13
Q1'26: ORAN radio orders shipping, revenue scaling; cash still tight
- 10-K Annual report2026-03-26
FY25 revenue +165% to $25.2M, net loss narrowed to $7M; cash down 74%
- 8-K Officer / director change2026-03-16
Officer/director change disclosed (Item 5.02); no financial impact
- 8-K Officer / director change2026-02-02
New material agreement + officer change + Reg FD update
- 8-K Officer / director change2026-01-26
Reg FD investor/business update furnished
- 8-K Reg FD disclosure2026-01-26
Reg FD investor/business update furnished
- 10-Q Quarterly report2025-11-14
Q3'25: revenue ramping ahead of ORAN shipments; still lossmaking
Recent filings
all on EDGAR ↗4Period ending 2026-06-232026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗144Filing2026-06-23open ↗144Filing2026-06-23open ↗8-KPeriod ending 2026-06-222026-06-22open ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-05-282026-05-29open ↗144Filing2026-05-28open ↗4Period ending 2026-05-222026-05-26open ↗144Filing2026-05-26open ↗144Filing2026-05-22open ↗8-KPeriod ending 2026-05-132026-05-13open ↗
Frequently asked
- Is AmpliTech Group, Inc. (AMPG) a buy?
- AMPG currently carries a Avoid rating with 3/5 conviction, derived from its latest SEC filings. Explosive but lumpy revenue can't hide the real problem: $8.7M cash burn against $5M cash and a 24% gross margin — a funding cliff.
- What is AmpliTech Group, Inc.'s quality score?
- AMPG scores 54.65810088226899/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001518461, latest 10-Q filed 2026-05-13) · EODHD · Proprietary analysis · as of 7/3/2026, 4:05:24 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 3, 2026, 12:05 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.