Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.04M | $1.38M | $2.40M | $3.12M | $3.46M | $5.28M | $19.4M | $15.6M | $9.51M | $25.2M |
| Revenue growth | — | -32.2% | 73.6% | 30.2% | 10.7% | 52.6% | 267.6% | -19.6% | -39.0% | 165.0% |
| Gross profit | $1.21M | $728K | $1.38M | $1.57M | $1.25M | $1.29M | $8.92M | $7.28M | $3.49M | $6.03M |
| Gross margin | 59.4% | 52.7% | 57.6% | 50.1% | 36.3% | 24.5% | 46.0% | 46.7% | 36.7% | 23.9% |
| Operating income | $472K | -$90.1K | $341K | $82.0K | -$916K | -$5.11M | $151K | -$2.58M | -$8.43M | -$7.32M |
| Operating margin | 23.2% | -6.5% | 14.2% | 2.6% | -26.5% | -96.8% | 0.8% | -16.5% | -88.7% | -29.1% |
| Net income | $456K | -$97.0K | $329K | $5.95K | -$1.03M | -$4.76M | -$677K | -$2.47M | -$11.2M | -$7.01M |
| Net margin | 22.4% | -7.0% | 13.7% | 0.2% | -29.7% | -90.2% | -3.5% | -15.8% | -118.2% | -27.8% |
| EPS (diluted) | $0.01 | $0.00 | $0.00 | $0.00 | -$0.37 | -$0.53 | -$0.07 | -$0.26 | -$1.04 | -$0.33 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $347K | -$167K | $352K | -$20.0K | -$521K | -$2.20M | -$3.43M | -$3.47M | -$5.30M | -$8.68M |
| Capital expenditures | $14.3K | $5.37K | -$10.6K | $12.7K | $71.6K | $1.06M | $736K | $973K | $42.9K | $1.02M |
| Free cash flow | $332K | -$172K | $363K | -$32.7K | -$593K | -$3.26M | -$4.16M | -$4.44M | -$5.34M | -$9.70M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $284K | $118K | $442K | $575K | $426K | $18.0M | $13.3M | $6.73M | $19.3M | $4.98M |
| Total assets | $783K | $666K | $1.41M | $3.36M | $2.81M | $35.2M | $36.7M | $31.4M | $43.2M | $51.5M |
| Total liabilities | $185K | $165K | $493K | $2.27M | $2.37M | $6.19M | $7.92M | $4.73M | $5.73M | $18.6M |
| Long-term debt | — | — | — | $1.49M | $1.60M | $330K | $234K | $80.8K | — | — |
| Shareholders' equity | $597K | $500K | $915K | $1.09M | $440K | $29.0M | $28.8M | $26.7M | $37.5M | $32.9M |
| Retained earnings | -$1.08M | -$1.18M | -$849K | -$843K | -$1.87M | -$6.63M | -$7.30M | -$9.77M | -$21.0M | -$28.0M |
| Shares (wtd avg diluted) | 85.7M | 46.1M | 87.7M | 4.50M | 2.78M | 8.90M | 9.61M | 9.66M | 10.8M | 21.0M |
Every figure is extracted from AmpliTech Group, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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