Communications Components Provider AmpliTech Hosts Investor Call to Review Growth Strategy and Outlook Thursday, April 14th at 10am ET; Dial-in # 1-877-270-2148
April 12 2022 - 9:15AM
AmpliTech Group, Inc. (
Nasdaq: AMPG), a designer,
developer, and manufacturer of state-of-the-art signal-processing
components for satellite, 5G, and other communications networks and
a global distributor of packages and lids for integrated circuit
assembly, today announced that it will host its inaugural investor
update call on Thursday, April 14th at 10:00 a.m. ET to review the
progress of its growth initiatives and answer investor questions.
Dial-in details are provided below.
AmpliTech Highlights and Outlook
- 2021 revenue rose 53% to a record $5,275,434.
- Cash and equivalents were $18.0M or $1.87 per share at year-end
2021.
- Q1’22 revenue is expected to increase to about $4.8M versus
$0.5M in Q1’21, reflecting a full quarter’s benefit from the
Spectrum Semiconductor operations, plus growth in low noise
amplifier deliveries. AmpliTech expects a Q1’22 operating loss as
it continues to invest in its MMIC and 5G growth initiatives and
moves into a new and expanded headquarters and production
facility.
- AmpliTech’s order backlog was $9.3M at the close of Q1’22,
representing contractual hardware and engineering services
anticipated for delivery over approximately six months.
Investor Call Details |
Date/Time: |
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Thursday, April 14th at 10:00 am ET |
Dial-in Number: |
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1-877-270-2148 or 1-412-902-6510 |
Online Replay/Transcript: |
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Audio file and call transcript will be posted to
AmpliTech’s investor relations page when available. |
Investor Questions: |
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May be submitted toampg@catalyst-ir.com prior to or during the
call. |
About AmpliTech Group 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 for repeat business.
Safe Harbor Statement
This 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, 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 the
Company expects 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 its financial and
market position. However, this measure has inherent limitations, is
not required to be uniformly applied or audited and other companies
may use non-comparable methodologies to calculate similar measures.
Readers should be aware of these limitations and should be cautious
as to their use of this measure.
Company |
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Instagram: |
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Facebook: |
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Investor Relations |
Twitter: |
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AmpliTechIR |
StockTwits: |
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AMPG_IR |
Company Contact:
Shan Sawant, Director of Communications AmpliTech
Group, Inc. shan@amplitech.com 646-546-7128
Investor Contact: David Collins or William
Jones Catalyst IR ampg@catalyst-ir.com 212-924-9800
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