AmpliTech (AMPG)
Market Price (1/21/2026): $3.53 | Market Cap: $72.6 MilSector: Information Technology | Industry: Communications Equipment
AmpliTech (AMPG)
Market Price (1/21/2026): $3.53Market Cap: $72.6 MilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 93% | Weak multi-year price returns3Y Excs Rtn is -15% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Quantum Technologies. Themes include Telecom Infrastructure, Network Equipment, Show more. | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -54% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% | ||
| Key risksAMPG key risks include [1] persistent net losses and a limited cash runway, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 93% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Quantum Technologies. Themes include Telecom Infrastructure, Network Equipment, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -15% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -35% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -28%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -54% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% |
| Key risksAMPG key risks include [1] persistent net losses and a limited cash runway, Show more. |
Why The Stock Moved
Qualitative Assessment
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AmpliTech (AMPG) stock has lost about 10% since 9/30/2025 because of the following key factors:
1. Rights Offering and Potential Dilution Concerns
AmpliTech Group initiated a unit rights offering in November 2025, which extended into January 2026, allowing shareholders to purchase new units at $4 each. While aimed at raising capital for growth, this offering, particularly if the market price was at or below the offering price during the subscription period (the stock traded around $3.32 on December 8, 2025), could have created selling pressure due to dilution concerns or by encouraging shareholders to sell existing shares to participate in the cheaper offering. By January 12, 2026, AmpliTech received over $9 million from this offering.
2. Negative Analyst Sentiment
Analyst sentiment may have contributed to the stock's decline, as at least one Wall Street analyst issued a "Sell" rating for AmpliTech Group within the last 12 months, indicating a bearish outlook on the stock's future performance. This negative recommendation can influence investor confidence and lead to selling activity.
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1. Rights Offering and Potential Dilution Concerns
AmpliTech Group initiated a unit rights offering in November 2025, which extended into January 2026, allowing shareholders to purchase new units at $4 each. While aimed at raising capital for growth, this offering, particularly if the market price was at or below the offering price during the subscription period (the stock traded around $3.32 on December 8, 2025), could have created selling pressure due to dilution concerns or by encouraging shareholders to sell existing shares to participate in the cheaper offering. By January 12, 2026, AmpliTech received over $9 million from this offering.
2. Negative Analyst Sentiment
Analyst sentiment may have contributed to the stock's decline, as at least one Wall Street analyst issued a "Sell" rating for AmpliTech Group within the last 12 months, indicating a bearish outlook on the stock's future performance. This negative recommendation can influence investor confidence and lead to selling activity.
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Stock Movement Drivers
Fundamental Drivers
The -2.2% change in AMPG stock from 10/31/2025 to 1/20/2026 was primarily driven by a -15.4% change in the company's P/S Multiple.| 10312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.60 | 3.52 | -2.22% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 19.31 | 22.57 | 16.88% |
| P/S Multiple | 3.79 | 3.21 | -15.36% |
| Shares Outstanding (Mil) | 20.34 | 20.58 | -1.18% |
| Cumulative Contribution | -2.24% |
Market Drivers
10/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| AMPG | -2.2% | |
| Market (SPY) | -0.7% | 17.6% |
| Sector (XLK) | -5.7% | 20.7% |
Fundamental Drivers
The 19.3% change in AMPG stock from 7/31/2025 to 1/20/2026 was primarily driven by a 108.7% change in the company's Total Revenues ($ Mil).| 7312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 2.95 | 3.52 | 19.32% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 10.81 | 22.57 | 108.73% |
| P/S Multiple | 5.36 | 3.21 | -40.15% |
| Shares Outstanding (Mil) | 19.66 | 20.58 | -4.69% |
| Cumulative Contribution | 19.06% |
Market Drivers
7/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| AMPG | 19.3% | |
| Market (SPY) | 7.5% | 33.6% |
| Sector (XLK) | 8.1% | 31.8% |
Fundamental Drivers
The 78.7% change in AMPG stock from 1/31/2025 to 1/20/2026 was primarily driven by a 93.5% change in the company's Total Revenues ($ Mil).| 1312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 1.97 | 3.52 | 78.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 11.67 | 22.57 | 93.47% |
| P/S Multiple | 1.69 | 3.21 | 90.00% |
| Shares Outstanding (Mil) | 10.00 | 20.58 | -105.72% |
| Cumulative Contribution | -121.01% |
Market Drivers
1/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| AMPG | 78.7% | |
| Market (SPY) | 13.6% | 37.3% |
| Sector (XLK) | 23.5% | 36.9% |
Fundamental Drivers
The 56.4% change in AMPG stock from 1/31/2023 to 1/20/2026 was primarily driven by a 164.2% change in the company's P/S Multiple.| 1312023 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 2.25 | 3.52 | 56.44% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 17.84 | 22.57 | 26.52% |
| P/S Multiple | 1.21 | 3.21 | 164.22% |
| Shares Outstanding (Mil) | 9.63 | 20.58 | -113.68% |
| Cumulative Contribution | -145.73% |
Market Drivers
1/31/2023 to 1/20/2026| Return | Correlation | |
|---|---|---|
| AMPG | 56.4% | |
| Market (SPY) | 72.9% | 21.4% |
| Sector (XLK) | 112.9% | 19.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AMPG Return | 11803% | -46% | -11% | 173% | -42% | 22% | 10897% |
| Peers Return | 21% | -27% | 34% | -3% | 13% | 7% | 38% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| AMPG Win Rate | 42% | 25% | 50% | 42% | 42% | 100% | |
| Peers Win Rate | 60% | 30% | 62% | 47% | 50% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| AMPG Max Drawdown | 0% | -58% | -28% | -64% | -76% | 0% | |
| Peers Max Drawdown | -5% | -40% | -6% | -20% | -30% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MTSI, QRVO, SWKS, ADI, NXPI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/20/2026 (YTD)
How Low Can It Go
| Event | AMPG | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -87.7% | -25.4% |
| % Gain to Breakeven | 715.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -64.7% | -33.9% |
| % Gain to Breakeven | 183.3% | 51.3% |
| Time to Breakeven | 338 days | 148 days |
| 2018 Correction | ||
| % Loss | -33.2% | -19.8% |
| % Gain to Breakeven | 49.6% | 24.7% |
| Time to Breakeven | 93 days | 120 days |
Compare to MTSI, QRVO, SWKS, ADI, NXPI
In The Past
AmpliTech's stock fell -87.7% during the 2022 Inflation Shock from a high on 4/5/2021. A -87.7% loss requires a 715.1% gain to breakeven.
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AmpliTech Group, Inc. designs, engineers, and assembles micro-wave component based amplifiers. The company's products include radio frequency amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprise Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; medium power amplifiers to provide increased output power and gain in transceiver chains; oscillators that consist of phase locked oscillators and dielectric resonator oscillators for transceiver applications; and filters that discriminate or block out frequencies in communication systems. It also provides custom assembly designs and non-recurring engineering services on a project-by-project basis. The company serves aerospace, government, defense, and commercial satellite industries. It sells its products through sales representatives or distributors in North America, Europe, and Asia. AmpliTech Group, Inc. was founded in 2002 and is based in Bohemia, New York.
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The Qorvo of specialized, high-performance RF and microwave components.
Like a precision Analog Devices focusing on ultra-low noise and high-frequency RF components.
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- Low Noise Amplifiers (LNAs): Specialized RF amplifiers that enhance weak radio signals while minimizing added noise, crucial for sensitive receivers.
- RF Amplifiers: Devices designed to boost the power of radio frequency signals across various applications, including communications and radar.
- Monolithic Microwave Integrated Circuits (MMICs): Integrated circuits that combine multiple RF components onto a single semiconductor chip, often custom-designed for specific applications.
- Passive RF Components: A range of devices such as filters, attenuators, and couplers that process radio frequency signals without requiring external power.
- Cryogenic Components: RF devices, particularly amplifiers, engineered to operate at extremely low temperatures to achieve superior noise performance for applications like quantum computing and radio astronomy.
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AmpliTech (symbol: AMPG) primarily sells its advanced radio frequency (RF) components and integrated microwave assemblies to other companies (B2B).
While AmpliTech's public filings indicate a significant concentration of revenue from a limited number of customers (e.g., their top three customers represented 71% of revenue for the year ended December 31, 2022), the company does not publicly disclose the specific names of these major customer companies due to confidentiality agreements or competitive reasons. Therefore, specific company names and their symbols cannot be provided.
However, based on AmpliTech's stated target markets and product applications, their major customers would typically fall into the following categories of companies:
- Telecommunications Equipment Manufacturers: Companies that design and build 5G infrastructure, next-generation wireless communication systems, and satellite communication ground stations and payloads. These customers integrate AmpliTech's low-noise and power amplifiers into their network equipment and satellite systems.
- Defense Contractors and Government Agencies: Entities involved in military applications such as radar systems, electronic warfare, secure communications, missile guidance, and space exploration. AmpliTech's high-performance RF components are crucial for these demanding environments.
- High-Tech Research and Development Firms (including Quantum Computing): Companies and research institutions engaged in cutting-edge technology development, particularly in areas like quantum computing, where extremely low-noise and precise RF signal processing is critical.
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Fawad Maqbool, President and CEO (Founder) / CTO
Mr. Maqbool founded AmpliTech in 2002. He has been in the microwave business for 30 years, holding a BSEE in microwave engineering and a BSEE in Bio-Medical Engineering from CUNY, and an MSEE from Polytechnic University of New York. Before AmpliTech, he founded AmpliComm, which was acquired by Aeroflex, Inc. in 2000, where he developed custom cryogenic and fiber optic amplifiers and components. He also served as Department Head for almost 14 years at MITEQ Inc., designing and developing state-of-the-art amplifiers and components.
Louisa Sanfratello, Chief Financial Officer
Ms. Sanfratello is a Certified Public Accountant (CPA) with a professional career that began in 1987 at the public accounting firm Holtz, Rubinstein & CO., where she gained two years of experience before earning her CPA. She has worked in various organizations across different industries since 1998, focusing on preparing official financial documents and day-to-day financial management, as well as cash flow projection.
Jorge Flores, Chief Operating Officer
Mr. Flores joined AmpliTech at the end of March 2021, bringing over 30 years of combined Operations and Program Management experience to the company.
Dan Mazziota, Technical / Business Advisor
Mr. Mazziota founded Microwave Power Devices, Inc. in 1967 and subsequently sold it to M/A-COM in 1981. M/A-COM is a leading telecommunications and defense electronics company.
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Here are the key risks to AmpliTech (AMPG):- Profitability Challenges and Cash Flow: AmpliTech has faced significant net losses in recent fiscal years, including an $11 million net loss in FY2024, which incorporated a $3.2 million loss due to a cryptocurrency fraud incident. The company also reported net losses in 2023 and 2022. While AmpliTech currently maintains strong liquidity with substantial working capital and cash reserves, it has less than one year of cash runway based on its current free cash flow. This ongoing challenge to achieve and maintain profitability, especially during a transition period with increased investments in 5G ORAN technology, poses a significant risk to the company's long-term financial health and ability to fund operations and strategic initiatives.
- Weaknesses in Internal Control over Financial Reporting: AmpliTech has identified material weaknesses in its internal control over financial reporting. These weaknesses include insufficient documentation of internal control policies, inadequate personnel for proper segregation of duties, and a lack of robust IT controls. The absence of strong internal controls and adherence to corporate procedures heightens the risk of misstatements in financial disclosures and non-compliance with GAAP and SEC regulations. Rectifying these weaknesses is crucial for regaining investor confidence and ensuring accurate and timely financial reporting.
- Intense Industry Competition and Market Dynamics: The markets in which AmpliTech operates are highly competitive. The presence of numerous new and existing competitors introducing similar products or services can lead to increased competition, resulting in potential price reductions, reduced gross margins, and a loss of market share. Additionally, AmpliTech has experienced sales declines due to unfavorable market dynamics and softness in demand within the Asian distribution segment, further impacting its revenue and profitability.
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AmpliTech Group (AMPG) primarily operates in the markets of 5G/Open RAN (ORAN) infrastructure, satellite communications, quantum computing, and the Internet of Things (IoT), providing advanced radio frequency (RF) and microwave components and systems, including low noise amplifiers (LNAs) and complete 5G/6G solutions. The addressable markets for these main products and services are substantial and are projected to grow significantly in the coming years.
5G/Open RAN (ORAN) Infrastructure
- The global 5G Technology Market was estimated at USD 78.45 billion in 2022 and is expected to reach approximately USD 11,948.72 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 65.4% from 2023 to 2032. Other estimates place the global 5G technology market at USD 195.43 billion in 2025, reaching USD 457.95 billion by 2030 with a CAGR of 18.57%, or USD 243.20 billion in 2024, projected to grow to USD 10,020.32 billion by 2035 at a CAGR of 40.22%.
- The global Open RAN (ORAN) market was valued at USD 3.4 billion in 2025 and is projected to reach USD 29 billion by 2030. Another projection suggests a CAGR of 33.4%, with the market exceeding USD 42 billion globally by 2030.
- The global private 5G network market was estimated at USD 2 billion in 2023 and is expected to grow at a CAGR of 54.1% from 2024 to 2030.
- The global massive MIMO market was valued at USD 4.8 billion in 2024 and is anticipated to grow at a CAGR of 37.9% between 2025 and 2034.
Satellite Communication
- The global satellite communication market size was estimated at USD 16.9 billion in 2024 and is projected to reach USD 33.2 billion by 2029, with a CAGR of 14.5% from 2024 to 2029. Other reports indicate the global market was USD 31.22 billion in 2023 and is projected to grow to USD 70.89 billion by 2032 at a CAGR of 9.6%. Another estimate pegs the market at USD 92.3 billion in 2024, climbing to USD 214.6 billion by 2034 with an 8.8% CAGR.
- For North America, the satellite communication market is projected to grow from USD 6.5 billion in 2024 to USD 11.5 billion by 2029, at a CAGR of 12.1%. The U.S. SATCOM market alone is projected to reach an estimated value of USD 25.15 billion by 2032.
- The global satellite ground station market was valued at USD 53.8 billion in 2024 and is projected to grow at a CAGR of 12.8% from 2025 to 2034.
Quantum Computing
- The cryogenic low noise amplifier market, essential for quantum computing, was valued at USD 20.46 billion in 2023 and is projected to reach USD 42.83 billion by 2031, growing at a CAGR of 11.25%.
- The global quantum computing hardware market is expected to grow at a 37.3% CAGR, exceeding USD 9 billion globally by 2032.
Internet of Things (IoT)
- The global Internet of Things (IoT) market size was valued at USD 1.18 trillion in 2023 and is projected to reach USD 2.65 trillion by 2030, with a CAGR of 11.4% from 2024 to 2030. Other estimations show the global IoT market size as USD 714.48 billion in 2024, projected to grow to USD 4,062.34 billion by 2032, exhibiting a CAGR of 24.30%, or USD 3,454.2 billion by 2033 from USD 492.7 billion in 2023, growing at a CAGR of 21.5%.
- North America held the largest IoT market revenue share of 36.1% in 2023. The North America IoT market was valued at USD 195.48 billion in 2023 and USD 232.86 billion in 2024. The U.S. IoT market is foreseen to reach USD 151.68 billion in 2025.
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AmpliTech (AMPG) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion in 5G Open Radio Access Network (ORAN) Solutions: AmpliTech's AGTGSS division is focused on delivering end-to-end ORAN 5G network solutions for mobile network operators and enterprises. The company views the significant expansion of the global ORAN market, projected to reach $29 billion by 2030, as its primary revenue catalyst. AmpliTech has secured Letters of Intent (LOIs) totaling over $118 million from major Asian and North American mobile network operators for its 5G ORAN products, with portions already converted into funded purchase orders. The company has also developed advanced 5G Open RAN solutions, including a provisional pending patent for a Massive MIMO 64T64R radio platform designed for urban and military applications.
- Growth in Quantum Computing and Cryogenic Amplifiers: AmpliTech is actively involved in the quantum technology sector through its development and deployment of proprietary low-noise cryogenic High Electron Mobility Transistor (HEMT) amplifiers. These specialized amplifiers are crucial for enabling quantum computers to operate efficiently at ultra-low temperatures. The company has delivered these advanced amplifiers to Fortune 50 quantum computing leaders, universities, and research institutions, establishing itself as a key U.S.-based manufacturer in this high-growth emerging market.
- Launch of New RF, Microwave, and Satellite Products: AmpliTech consistently introduces new product lines to enhance its offerings in the RF industry. Recent launches include passive components like Directional Couplers, Power Dividers, and Quadrature Hybrids, which complement its existing active Low Noise Amplifier (LNA) product line. Additionally, the company has introduced new MMIC-based Low Noise Amplifiers, Coaxial In-Line LNAs, and Coaxial In-Line Band Pass Filters, catering to diverse applications including satellite communications, 5G, and defense.
- Penetration of Tier 1 Customer Bases and New Market Verticals: The company is strategically focused on expanding its customer base by penetrating Tier 1 telecom operators and OEM partnerships in multi-billion dollar 5G markets. AmpliTech aims to expand its quantum and cryogenic amplifier commercialization into global research sectors. Furthermore, the company is positioned to benefit from the increasing demand for secure, domestically manufactured networking equipment and government incentives, being one of the few U.S.-based end-to-end ORAN 5G solution providers.
- Leveraging Strategic Investments and Operational Efficiency for Profitability: While not a direct revenue driver, AmpliTech's strategic investments in 5G ORAN technology and ongoing R&D efforts are intended to translate into sustained revenue growth through higher-margin products and repeat orders. The company anticipates gross margins will recover to double digits in the second half of 2025 as one-time costs diminish and more profitable follow-on orders materialize, aiming for positive operating cash flow and profitability in fiscal year 2026. This operational improvement is expected to support the realization of significant revenue from its backlog and LOIs.
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Share Issuance
- In December 2024, AmpliTech conducted a registered direct offering of 2,173,920 shares of common stock at $4.60 per share, generating gross proceeds of approximately $10,000,032.
- As of October 2025, AmpliTech announced a transferable rights offering to issue up to 8,000,000 Units at $4.00 per Unit, with each Unit comprising one share of common stock and rights to purchase additional shares, potentially leading to a maximum issuance of 24,000,000 shares if all rights are exercised.
- On December 15, 2021, the company issued 188,442 unregistered shares of common stock, valued at $665,200, as part of the acquisition cost for an asset purchase.
Outbound Investments
- On November 19, 2021, AmpliTech Group acquired substantially all the assets of Spectrum Semiconductor Materials (SSM), a global authorized distributor of IC packaging and lids, for an aggregate purchase price of $10,123,276.
Capital Expenditures
- For the 12 months leading up to February 2021, capital expenditures amounted to approximately $516,732.
- In 2021, the company opened a Monolithic Microwave Integrated Circuit (MMIC) chip design center in Texas to implement proprietary amplifier designs into MMIC components.
Latest Trefis Analyses
| Title | Topic | |
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| DASHBOARDS | ||
| AmpliTech Earnings Notes | ||
| Would You Still Hold AmpliTech Stock If It Fell 30%? | Return |
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Peer Comparisons for AmpliTech
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 150.77 |
| Mkt Cap | 12.5 |
| Rev LTM | 3,875 |
| Op Inc LTM | 445 |
| FCF LTM | 805 |
| FCF 3Y Avg | 992 |
| CFO LTM | 991 |
| CFO 3Y Avg | 1,168 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | -1.8% |
| Rev Chg Q | 16.6% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Mgn LTM | 13.1% |
| Op Mgn 3Y Avg | 16.0% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 21.8% |
| CFO/Rev 3Y Avg | 24.2% |
| FCF/Rev LTM | 15.3% |
| FCF/Rev 3Y Avg | 18.3% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Distribution | 9 | ||||
| Manufacturing and Engineering | 6 | ||||
| AmpliTech Inc. | 6 | 3 | |||
| Corporate | 0 | ||||
| Spectrum | 14 | 2 | |||
| Single segment | 3 | 3 | |||
| Total | 16 | 19 | 5 | 3 | 3 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Distribution | 2 | ||||
| Corporate | -1 | -1 | -2 | ||
| Manufacturing and Engineering | -4 | ||||
| AmpliTech Inc. | -2 | -3 | |||
| Spectrum | 3 | 0 | |||
| Total | -2 | -1 | -5 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Distribution | 17 | ||||
| Manufacturing and Engineering | 11 | ||||
| Corporate | 3 | 2 | 5 | ||
| AmpliTech Inc. | 18 | 15 | |||
| Spectrum | 17 | 15 | |||
| Total | 31 | 37 | 35 |
Price Behavior
Price Behavior
| Market Price | $3.52 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 06/03/2013 | |
| Distance from 52W High | -25.6% | |
| 50 Days | 200 Days | |
| DMA Price | $3.20 | $2.91 |
| DMA Trend | up | down |
| Distance from DMA | 10.0% | 20.8% |
| 3M | 1YR | |
| Volatility | 93.8% | 98.4% |
| Downside Capture | 249.18 | 230.99 |
| Upside Capture | 195.89 | 257.95 |
| Correlation (SPY) | 20.1% | 35.6% |
AMPG Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.11 | 1.06 | 2.98 | 2.92 | 1.76 | 1.63 |
| Up Beta | 2.81 | 0.12 | 0.84 | 0.92 | 1.98 | 1.95 |
| Down Beta | 5.11 | 4.46 | 4.70 | 4.33 | 1.43 | 1.33 |
| Up Capture | 136% | -63% | 205% | 455% | 141% | 276% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 11 | 21 | 34 | 66 | 120 | 348 |
| Down Capture | 321% | 86% | 290% | 231% | 145% | 109% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 10 | 19 | 29 | 59 | 124 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| AMPG vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| AMPG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 65.3% | 22.7% | 15.3% | 75.7% | 3.6% | 7.5% | -7.9% |
| Annualized Volatility | 101.2% | 27.4% | 19.3% | 20.3% | 15.3% | 16.8% | 34.3% |
| Sharpe Ratio | 0.95 | 0.72 | 0.61 | 2.67 | 0.03 | 0.26 | -0.08 |
| Correlation With Other Assets | 33.7% | 35.0% | 7.9% | 22.2% | 21.4% | 24.3% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| AMPG vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| AMPG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 158.9% | 17.8% | 13.8% | 20.4% | 11.5% | 6.0% | 21.1% |
| Annualized Volatility | 8,972.4% | 24.6% | 17.1% | 15.7% | 18.7% | 18.8% | 48.0% |
| Sharpe Ratio | 0.46 | 0.65 | 0.65 | 1.05 | 0.50 | 0.22 | 0.47 |
| Correlation With Other Assets | -1.5% | 0.2% | -3.4% | 0.7% | -0.2% | 5.3% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| AMPG vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| AMPG | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 72.3% | 22.9% | 15.3% | 15.4% | 8.0% | 5.7% | 70.5% |
| Annualized Volatility | 8,368.2% | 24.2% | 18.0% | 14.9% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.43 | 0.86 | 0.73 | 0.86 | 0.37 | 0.24 | 0.91 |
| Correlation With Other Assets | -1.2% | 0.3% | -3.2% | 0.8% | 0.0% | 4.7% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/5/2026 | 11.3% | 0.0% | |
| 7/17/2025 | 11.0% | 1.9% | 34.5% |
| 3/24/2025 | -3.6% | -6.6% | 4.8% |
| 8/14/2024 | -2.5% | -18.7% | -16.8% |
| 3/31/2023 | 10.4% | 7.6% | 27.6% |
| 8/17/2021 | -8.5% | -6.5% | -3.9% |
| SUMMARY STATS | |||
| # Positive | 3 | 3 | 3 |
| # Negative | 3 | 3 | 2 |
| Median Positive | 11.0% | 1.9% | 27.6% |
| Median Negative | -3.6% | -6.6% | -10.4% |
| Max Positive | 11.3% | 7.6% | 34.5% |
| Max Negative | -8.5% | -18.7% | -16.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/14/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/14/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/15/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 03/31/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/14/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 08/14/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/28/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 04/01/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/14/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/14/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/15/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 03/31/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/14/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/15/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/16/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/31/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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