AmpliTech Group (NASDAQ: AMPG) recently announced financial results for the first six months of the 2021 fiscal year, along with Q2 2021 results. “The first six months of 2021 were significant for AmpliTech,” reads a recent article. “For starters, the company completed its financial recapitalization and Nasdaq uplisting. This move allowed it to raise working capital of $29.8 million as of June 30. This capital would go into product development, sales and marketing infrastructure investments while also offering the financial strength needed to engage with global customer prospects that were previously out of the company’s reach.” The company was also able to pay $1 million in debt, purchase $0.4 million worth of scientific equipment and make a significant strategic investment in its LNA chip development joint venture partner SN2N. AmpliTech’s management is confident that the trajectory witnessed so far in 2021 will carry on for the remainder of the year. “AmpliTech has attributed the impressive 6M’21 performance to expanding sales force efforts and the growing demand for its low noise signal amplifiers. It hopes to further capitalize on this to achieve even faster and additional growth as time progresses.”
To view the full article, visit https://ibn.fm/6bBRI
About AmpliTech Group Inc.
AmpliTech Group designs, develops and manufactures state-of-the-art radio frequency (“RF”) components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as provides systems and component design consulting services. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries it serves. The company is proud of the unique skills, experience and dedication of its focused team, which enables AmpliTech to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business. For more information about the company, visit www.AmpliTechinc.com.
NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.
