AmpliTech Group Files Q1 2024 10-Q

TL;DR

AmpliTech Group (AMPG) filed its Q1 2024 10-Q. Check financials.

AI Summary

AmpliTech Group, Inc. filed its 10-Q for the period ending March 31, 2024. The company, incorporated in Nevada and headquartered in Hauppauge, NY, is involved in communications equipment. This filing covers the first quarter of 2024, detailing financial performance and operational status.

Why It Matters

This filing provides investors with the latest financial snapshot of AmpliTech Group, Inc., crucial for understanding its performance and outlook in the communications equipment sector.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant positive or negative trends for the company.

Key Players & Entities

• AmpliTech Group, Inc. (company) — Filer of the 10-Q
• 20240331 (date) — End of the reporting period
• 20240528 (date) — Filing date
• NV (state) — State of incorporation
• NY (state) — State of business address
• 11788 (zip_code) — Zip code of business address
• 631-521-7831 (phone_number) — Business phone number
• BAYVIEW ACQUISITION CORP (company) — Former company name
• 20110418 (date) — Date of former company name change
• 2024-01-01 (date) — Start of the reporting period

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share AMPG The Nasdaq Stock Mar

Filing Documents

• form10-q.htm (10-Q) — 796KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-021616.txt ( ) — 5505KB
• ampg-20240331.xsd (EX-101.SCH) — 44KB
• ampg-20240331_cal.xml (EX-101.CAL) — 63KB
• ampg-20240331_def.xml (EX-101.DEF) — 193KB
• ampg-20240331_lab.xml (EX-101.LAB) — 402KB
• ampg-20240331_pre.xml (EX-101.PRE) — 292KB
• form10-q_htm.xml (XML) — 787KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 35

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 37

SIGNATURES

SIGNATURES 38 2 Use of Certain Defined Terms Except as otherwise indicated by the context, references in this report to "we," "us," "our," "our Company", "the Company", "AmpliTech", "Specialty" or "SMW" "Spectrum" or "SSM", "AmpliTech Group MMIC Design Center" or "AGMDC", "AmpliTech Group True G Speed Services" or "AGTGSS" are the combined business of AmpliTech Group, Inc., and its consolidated subsidiary, AmpliTech, Inc., and AMPG's divisions Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech Group MMIC Design Center and AmpliTech Group True G Speed Services. CAUTIONARY This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "expect," "anticipate," "predict," "project," "forecast," "potential," "continue" negatives thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future and are not guarantees. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such

forward-looking statements

forward-looking statements. We cannot predict all the risks and uncertainties. Accordingly, such information should not be regarded as representations that the results or conditions described in such statements or that our objectives and plans will be achieved, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this Quarterly Report on Form 10-Q and include information concerning possible or assumed future results of our operations, including statements about potential acquisition or merger targets; business strategies; future cash flows; financing plans; plans and objectives of management; any other statements regarding future acquisitions, future cash needs, future operations, business plans and future financial results, and any other statements that are not historical facts. These forward-looking statements represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors. Many of those factors are outside of our control and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements. Considering these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the Quarterly Report on Form 10-Q. All subsequent written and oral forward-looking statements concerning other matters addressed in this Quarterly Report on Form 10-Q and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Quarterly Report on Form 10-Q. Except to the exten

View Full Filing

View this 10-Q filing on SEC EDGAR