AmpliTech Group, Inc. reported its financial results for the first quarter ended March 31, 2025, on May 15, 2025. The company announced Q1 revenue of $3.60 million, representing a 57% increase from Q1 FY2024 revenue of $2.29 million. Gross profit for the quarter was $1.0 million, with a gross margin of 27.8%, and the net loss was $2.0 million.
Despite the Q1 results, AmpliTech shared encouraging revenue guidance for FY2025, driven by significant customer demand and strategic IP advancements. The company has already booked $12 million in firm orders from its recently announced Letters of Intent totaling over $118 million, with all booked revenue scheduled for delivery in FY2025.
As of April 30, 2025, AmpliTech confirmed a record $19.6 million backlog, supporting full-year revenue guidance of at least $21 million, which is more than double the sales of the prior fiscal year. CEO Fawad Maqbool stated that this quarter reflects a turning point in AmpliTech’s growth trajectory, with substantially strengthened intellectual property and certified ORAN 5G radios already being deployed globally.
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