---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-002017"
form_type: "8-K"
ticker: "AMPG"
cik: "0001518461"
company_name: "AmpliTech Group, Inc."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:49:44.961545+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AmpliTech FY2022 revenue surges 267% to $19.4M; gross margin expands to 46%

## Summary
- Revenue of $19.4M up 267% YoY; gross profit $8.9M (7-fold increase) with margin of 46% vs 24.5%.
- Net loss narrowed to $677K (FY21 loss $4.8M); one-time earnout of $816K impacted profitability.
- Cash and equivalents $13.3M; working capital $20.3M as of Dec 31, 2022.
- MMIC chips released for customer testing; revenue expected to begin in Q2 2023.
- Management expects sustained profitability in 2023.

## SEC filing metadata
- accession: 0001477932-23-002017
- form_type: 8-K
- ticker: AMPG
- cik: 0001518461
- company_name: AmpliTech Group, Inc.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518461/000147793223002017/0001477932-23-002017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518461/000147793223002017/ampg_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-002017
- JSON: https://secwatch.observer/filing/0001477932-23-002017.json
- Plain text: https://secwatch.observer/filing/0001477932-23-002017.txt

## Key facts
- Earnings Releases
  AmpliTech Group, Inc. reported year ended December 31, 2022 results: revenue $19,394,000, net income -$677,000.
  - Period: year ended December 31, 2022
  - Revenue: $19,394,000
  - Net income: -$677,000
  - Result: reported results
  source text: · Revenue increased 267% to $19,394,000 in FY’22 compared to $5,275,000 in FY’21. · FY’ 22 gross profit grew to $8,925,000, an almost 7-fold increase from FY’ 21 gross profit of $1,293,000. The gross profit margin increased by 2150 basis points to 46.0% compared to 24.5% a year ago. · FY’22 net loss was $677,000 compared to a FY’21 net loss of $4,759,000, a positive swing of approximately $4.1 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518461/000147793223002017/0001477932-23-002017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.