secwatch.observer — SEC 8-K summary
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Issuer:     AmpliTech Group, Inc. (AMPG)
CIK:        0001518461
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001493152-24-032354
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AmpliTech Q2 revenue $2.5M, gross margin 42%, net loss $1.57M amid recessionary headwinds
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- Revenue $2.5M, gross profit $1.05M (42% margin), net loss $1.57M for Q2 2024.
- Cash $1.0M, working capital $10.0M, inventory $7M; cites decreased global demand, especially from Hong Kong.
- 5G radio testing at Northeastern with AT&T/Verizon; expects completion in 2-3 months, plans deployment contracts in Q3.
- Received first cryogenic amplifier order from major US quantum computing company; released cryogenic power supplies.
- Over 100 MMIC SKUs released; custom design for space startup may lead to hundreds of thousands of units over two years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518461/000149315224032354/0001493152-24-032354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518461/000149315224032354/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-032354

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer