AmpliTech reports Q4 revenue down 55%, net loss widens; launches $25M ATM offering

AmpliTech Group, Inc.

Preliminary Q4 2024 revenue ~$1.8M (-55% YoY); gross margin 11% vs 50%; net loss ~$3.8M vs $0.6M.
FY2024 revenue ~$9.5M (-39% YoY); net loss ~$11.2M vs $2.5M; R&D expenses up over 50%.
Entered ATM equity distribution agreement with Maxim Group for up to $25M; 3% commission.
Non-binding LOI for $78M of Band 50 Radio orders; deliveries expected FY2025-2027 if executed.
Non-binding LOI to purchase ORAN radio assets for $8M in cash and stock; subject to due diligence.

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