AmpliTech CEO Highlights Satellite, 5G and Quantum Computing Growth Opportunities in Little Grapevine Video Fireside Chat
January 31 2022 - 9:15AM
AmpliTech Group, Inc. (Nasdaq: AMPG), a designer, developer, and
manufacturer of state-of-the-art signal-processing components for
satellite and 5G communications networks, defense, space, and other
commercial applications, today provided online access to a video
fireside chat with its CEO, Fawad Maqbool and the Little Grapevine
investor service. Links to the video are below.
AmpliTech at a Glance:Market
Cap:
$27M
Current
Cash
$17M
Enterprise Value
$10M
2022 Order Backlog* $10.5M
EV / 2022 Order Backlog: 0.95x
* AmpliTech’s order backlog is expected to ship largely in the
first half of 2022.
* EV is calculated as current market cap less current cash on
hand
Presentation Links: AmpliTech Little Grapevine Fireside Chat -
LittleGrapevine.com
AmpliTech Little Grapevine Fireside Chat - YouTube
Fawad Maqbool, CEO, commented, “AmpliTech has a backlog of
$10.5M in orders expected to ship principally in the first half of
2022, versus revenue of $3.5M in the twelve months ended September
30, 2021. This provides a very solid revenue base we are working to
grow via the launch of new solutions and expanded sales and
marketing outreach.
“Setting us apart is our industry-leading radio frequency signal
processing technologies which enable the movement of data with
greater efficiency, improved reliability, reduced power, and lower
cost. These performance advantages are of critical importance to
satellite communications, 5G connectivity, quantum computing and
other services struggling to achieve the far greater data transfer
rates they require. Having up-listed to Nasdaq less than a year
ago, we are eager to build investor awareness via high quality
forums like Little Grapevine.”
About Little Grapevine (littlegrapevine.com)Little
Grapevine™ is an invitation-only website providing select public
companies with recurring exposure via on-line virtual conferences
with video presentations, video interviews, podcasts and more. The
Little Grapevine website is designed as an all-in-one tool
providing regular management access and other value-added features
to investors researching microcap companies.
About AmpliTech (www.AmpliTechinc.com)
AmpliTech Group, Inc. designs, develops,
manufactures and distributes state-of-the-art radio frequency (RF)
microwave components for global satellite communications, telecom
(5G & IoT), space, defense, and quantum computing markets as
well as systems and component design consulting services. In
December 2021, AmpliTech completed the purchase of the assets and
operations of Spectrum Semiconductor Materials Inc. a global
specialty distributor of semiconductor components based in San
Jose, CA. AmpliTech has a 13+ year track record of developing high
performance, custom solutions to meet the unique needs of some of
the largest companies in the global industries we serve. We are
proud of the unique skills, experience and dedication of our
focused team which enables us to deliver superior solutions, faster
time to market, competitive pricing and excellent customer
satisfaction and repeat business.
Safe Harbor StatementThis release contains statements
that constitute forward-looking statements. These statements appear
in several places in this release and include all statements that
are not statements of historical fact regarding the intent, belief
or current expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's ability to
execute its business plan as anticipated; (ii) trends affecting the
Company's financial condition or results of operations; (iii) the
Company's growth strategy and operating strategy. The words "may"
"would" "will" "expect" "estimate" "anticipate" "believe" "intend"
and similar expressions and variations thereof are intended to
identify forward-looking statements. Investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond the Company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements because of various factors. Other risks are identified
and described in more detail in the “Risk Factors” section of the
Company’s filings with the SEC, all of which are available on our
website. We undertake no obligation to update, and we do not have a
policy of updating or revising, these forward-looking statements,
except as required by applicable law.
Non-GAAP Financial InformationThis press release includes
a statement relating to the Company’s order backlog. Backlog
represents the dollar amount of net sales that we expect to
recognize in the future from sales orders that have been received
from customers in the ordinary course of business. The Company
considers order backlog a relevant and preferred supplemental
measure for understanding the Company’s financial and market
position. However, such measure has inherent limitations, is not
required to be uniformly applied or audited and other companies may
use methodologies to calculate similar measures that are not
comparable. Readers should be aware of these limitations and should
be cautious as to their use of such measures.
Corporate Social
Media
Investor Social Media
Twitter:
@AmpliTechAMPG
Twitter:
@AmpliTechIR Instagram:
@AmpliTechampg
StockTwits:
@AMPG_IR Facebook:
AmpliTechInc
Company
Contact:
Investor Relations Contact:Shan Sawant
David
Collins or Bill JonesDirector of Communications
Investor RelationsAmpliTech Group,
Inc.
Catalyst
IRshan@AmpliTech.com
AMPG@catalyst-ir.com646-546-7128
212-924-9800
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