Investment Thesis
AmpliTech Group exhibits severely deteriorating financial health with net income declining 356% YoY while revenue remains stagnant, indicating fundamental operational challenges rather than cyclical headwinds. The company is burning cash at an alarming rate with negative operating cash flow of -$5.3M and free cash flow of -$6.2M, unsustainable even with current cash reserves of $8.4M. Without evidence of operational turnaround or cost restructuring, the company faces potential liquidity crisis within 12-18 months.
AMPGR Strengths
- Strong balance sheet with low leverage (0.03x Debt/Equity ratio) providing some financial flexibility
- Solid liquidity position with 2.85x current ratio and $8.4M cash enabling near-term survival
- Positive gross margin of 24.2% indicates the core product has viability, but insufficient to cover operating expenses
AMPGR Risks
- Severe profitability crisis with -18.3% net margin and operating margin of -19.5%, burning shareholder value
- Negative operating cash flow of -$5.3M combined with capital expenditure of $930.1K creates unsustainable cash burn trajectory
- Flat revenue growth (0.0% YoY) coupled with rising losses suggests inability to scale or control costs in current market environment
- Negative interest coverage of -310.2x reflects inability to service debt from operations
- Free cash flow deterioration of -$6.2M annually means cash reserves of $8.4M will deplete within 18 months absent operational improvement
Key Metrics to Watch
- Operating cash flow trend - must turn positive within next 2 quarters
- Revenue growth rate - stagnation is unacceptable given current burn rate
- Operating margin progression - path to profitability must be demonstrated within 2-3 quarters
- Cash runway - monitor if burn rate exceeds $400K monthly average
- Gross margin sustainability - verify whether 24.2% can be maintained during potential restructuring
AMPGR Financial Metrics
AMPGR Profitability Ratios
AMPGR Balance Sheet & Liquidity
AMPGR 5-Year Financial Trend
5-Year Trend Summary: AmpliTech Group, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-0.26 indicates the company is currently unprofitable.
AMPGR Growth Metrics (YoY)
AMPGR Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $2.8M | -$188.4K | $-0.01 |
| Q2 2025 | $2.5M | -$1.6M | $-0.09 |
| Q1 2025 | $2.3M | -$1.8M | $-0.09 |
| Q3 2024 | $2.8M | -$887.7K | $-0.09 |
| Q2 2024 | $2.5M | -$472.8K | $-0.05 |
| Q1 2024 | $2.3M | -$582.0K | $-0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
AMPGR Capital Allocation
AMPGR SEC Filings
Access official SEC EDGAR filings for AmpliTech Group, Inc. (CIK: 0001518461)