AmpliTech (AMPG) shares sink after Q2 net loss widens to $3.09M despite a 50.9% sequential revenue jump to $8.07M. Key metrics & details.
AmpliTech missed Q2 EPS (−12¢ vs. −2¢) despite revenue beat; stock crashed 26% as net loss hit $3.09M. R&D doubled to $1.37M for 5G/O-RAN/MMIC tech; with $12.95M cash and rising burn, profitability remains years away.
AmpliTech Group Inc.
(NASDAQ:AMPG) stock traded lower Friday after the company reported second-quarter results that included a wider-than-expected loss, even as revenue topped estimates.
AmpliTech reported a second-quarter loss of 12 cents per share, compared with the 2-cent-per-share loss expected by analysts.
Sales came in at $8.07 million, slightly above the $8 million estimate.
Revenue rose 50.9% sequentially from $5.35 million in the first quarter, the company said Thursday.
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