AmpliTech Group Reports 336% Revenue Growth to $11.03 Million in Q2 2025

AmpliTech Group, Inc. reported significant financial growth in its latest quarterly filing, with revenues soaring to $11.03 million for the three months ended June 30, 2025, compared to $2.53 million during the same period in 2024. This represents an increase of approximately 336.25%. For the first half of 2025, the company generated $14.63 million in revenue, up from $4.82 million in the prior year, marking a 203.38% increase. Despite this revenue growth, AmpliTech experienced a net loss of $1.77 million for the second quarter and $3.61 million for the first half of 2025, although these figures reflect improvements from losses of $1.58 million and $6.23 million, respectively, in the same periods of 2024.

The substantial revenue increase is attributed primarily to the fulfillment of 5G orders linked to the company's recent asset acquisition from Titan, which included intellectual property for developing 5G ORAN radio products. The cost of goods sold also rose sharply, from $1.47 million in Q2 2024 to $10.16 million in Q2 2025, reflecting the ramp-up in production to meet demand. Gross profit for the second quarter decreased to $862,879, down from $1.06 million a year earlier, resulting in a gross margin decline to 7.83% from 41.82%. This shift is part of AmpliTech's strategy to penetrate the telecommunications market, focusing on revenue growth and customer acquisition over immediate profitability.

Operationally, AmpliTech has made strategic investments in research and development, with expenses rising to $658,795 in Q2 2025, a 43.18% increase from the previous year. This investment is aimed at enhancing its product offerings, particularly in the 5G sector. The company also reported a decrease in selling, general, and administrative expenses, which fell slightly to $2.13 million in Q2 2025 from $2.17 million in Q2 2024. The total employee headcount and customer base have not been disclosed in the filing, but the company continues to expand its operational capabilities.

As of June 30, 2025, AmpliTech's total assets stood at $48.64 million, up from $43.22 million at the end of 2024, driven by increases in accounts receivable and intangible assets. The company reported cash and cash equivalents of $11.06 million, down from $19.32 million at the end of 2024, primarily due to cash outflows related to the Titan acquisition and operational expenses. Looking ahead, AmpliTech anticipates that its investments in 5G technology and strategic partnerships will yield higher gross margins in the latter half of 2025 as it transitions from initial deployment phases to long-term contracts with major network operators.