Amplitech Group Inc. Common Stock (AMPG)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach AmpliTech as a small, 46-employee maker of niche microwave amplifiers and related communications gear. The revenue record is uneven. In fiscal year 2023, ended 2023-12-31, revenue was $15.6M and net loss $2.5M. In fiscal year 2024, ended 2024-12-31, revenue fell to $9.5M and net loss widened to $11.2M. Fiscal year 2025, ended 2025-12-31, showed a rebound: revenue $25.2M and net loss $7.0M, or EPS -$0.33. But the latest reported quarter, fiscal Q2 2026 ended 2026-06-30, had revenue $8.1M, net loss $3.1M, and EPS -$0.12; that compares with fiscal Q2 2025 ended 2025-06-30 revenue $11.0M, net loss $1.8M, and EPS -$0.08. So sales are not consistently compounding and losses remain heavy. The balance sheet has very low leverage: the given D/E is 0.08, and FairStock's Altman Z-Score is 3.74. But cash generation is poor: trailing free cash flow is -$18.9M and FCF yield is -23.6%. FairStock's Piotroski F-Score is 2/9, ROE is -19.39%, and ROCE is -9.71%. At the close on 2026-10-13, price was $2.67, market cap $80.2M, P/B 1.47, and P/E -7.63. A negative earnings multiple tells me nothing useful. P/B near 1.5 is not demanding, but book value is being eroded by losses. I see a specialized product line but no demonstrated moat: it sells niche amplifiers, yet the company has not earned a profit in the last four years and has no Lynch category. Revenue growth is hopeful, but the latest quarter was worse than the prior-year quarter. This is a speculative turnaround, not a Graham bargain. I would want evidence of durable positive earnings and cash flow before calling the price cheap.

In plain English: AmpliTech makes specialized microwave amplifiers and communications equipment. The business has been growing revenue but is still losing money and burning cash, with no profits in recent years, though it has very little debt. At its recent price, the stock does not look clearly cheap based on current profits because there are none; it looks more dependent on a future turnaround.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer