First Quarter 2026 Highlights
Revenue increased 48.6% year-over-year to $5.35 million, compared to $3.60 million in the first quarter of 2025.
Gross profit increased 116.1% year-over-year to $2.57 million from $1.19 million in the prior- year period.
Gross margin improved significantly to 48.0%, compared to 33.0% in the prior-year period.
Manufacturing and engineering segment revenue increased to $3.28 million from $0.99 million in the prior-year quarter.
Net loss improved 17.3% year-over-year to $(1.52) million.
Cash, cash equivalents and marketable securities increased to approximately $18.4 million as of March 31, 2026.
Working capital improved to approximately $25.4 million from $10.2 million on December 31, 2025. Current ratio (defined as current assets/current liabilities) improved to 4.25 from 1.68 on December 31, 2025.
Multiple 5G and MMIC development programs advanced further into commercialization stages.
Total Assets to Total Liabilities improved approximately 47% to $48.36 million from $32.86 million on December 31, 2025. AmpliTech Group remains debt free.
Operational and Strategic Progress
During the quarter, the Company continued to advance commercialization initiatives related to:
5G ORAN radio systems
Proprietary RF and microwave technologies
5G MMIC chip design programs
Satellite and defense communications applications
Next-generation wireless infrastructure solutions
The Company also reported lower research and development expenses year-over-year as several ...
