Amplitech Group (AMPG) investor relations material

Executive summary

• Revenue grew 48.6% year-over-year to $5.35 million in Q1 2026, driven by strong 5G and O-RAN demand, despite supply chain delays from geopolitical tensions.

• Gross profit increased 116.1% to $2.57 million, with gross margin expanding to 48% from 33% year-over-year, reflecting operational improvements.

• Net loss narrowed by 17.3% year-over-year to $1.52 million, aided by lower R&D expenses as products moved to commercialization.

• Two major equity financings in Q1 2026 raised over $17 million, strengthening liquidity and supporting ongoing operations.

• Participation in MWC Barcelona and additional O-RAN certifications enhanced market positioning and global business development opportunities.

Financial highlights

• Revenue rose to $5.35 million, up 48.6% year-over-year; gross profit increased 116.1% to $2.57 million.

• Gross margin improved to 48% from 33% in the prior year; net loss narrowed by 17.3% to $1.52 million.

• Cash, cash equivalents, and marketable securities totaled $18.4 million as of March 31, 2026.

• Working capital improved to $25.4 million from $10.2 million at year-end 2025; current ratio rose to 4.25 from 1.68.

• Company remains debt free and completed equity offerings raising over $16 million in Q1.

Outlook and guidance

• Full-year revenue guidance remains unchanged, with revenue expected to be back-end loaded due to shipment timing and supply chain factors.

• Q2 revenue is projected to be significantly higher than Q1, supported by ongoing LOI shipments and strong order flow.

• Management confident in achieving $50 million revenue target for 2026, with additional large orders anticipated later in the year.

• Management expects existing cash, working capital, and forecasted operations to meet obligations and capital requirements for the next 12 months.

• Focus remains on scaling 5G, MMIC, and IoT product lines, expanding revenue, and supporting long-term growth.