BOHEMIA, NY--(Marketwired - Mar 7, 2017) - Amplitech Group, Inc. (
Key Highlights and Traction in 2016:
- Record revenues of over $2 million. A 37% increase from prior year
- Increase in gross profit of 40%
- Net Income of $415K and EBITDA of ~$500K
- Decrease in interest expense of 57%
- New facility with increased efficiency and more space for growth
- New website with increased functionality and product exposure for increased sales worldwide
- Investment in R&D creating new product lines with higher margins
- Entered into agreement with a leading national distributor to increase sales, enhance marketing, and stock inventory to support customer demand
- Exhibited in leading industry Mega trade shows (IMS 2016 and EDICON 2016)
- Sufficient backlog of orders and pursuing several sources of organic revenue to significantly increase sales over the next 2 to 3 years
Coming in 2017:
- IMS 2017 Trade Show in Honolulu, Hawaii
- EDICON 2017 Trade Show in Boston
- Satellite 2017 Conference
- Increased online and print advertising to boost exposure and awareness
- Strategic partnerships with leading OEMs for leading-edge technology ventures
Connect with us on Twitter (@AmpliTechAMPG) and give us your feedback.
About Amplitech Group, Inc:
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF (Low Noise Amplifiers (LNA) and Power Amplifiers (PA) for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Click here to view AmpliTech video. Website: www.AmpliTechInc.com
Safe Harbor Statement:
With the exception of historical information contained in this press release, content herein may contain "forward looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, change in environmental regulations, disruption in supply of materials, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, failure to obtain adequate working capital to execute the business plan and any major litigation regarding the Company. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission.
Contact Information:
Contact:
Fawad Maqbool
President
AmpliTech, Inc.
Ph: 631.521.7831
e-mail: fmaqbool@amplitechinc.com
website: www.amplitechinc.com