- AmpliTech Group, Inc (NASDAQ:AMPG) reported second-quarter FY22 revenue growth of 347.5% year-on-year to $4.58 million, beating the consensus of $4.10 million.
- The gross margin expanded by 1,090 bps to 44.5%.
- Net loss decreased by 21.8% to $(0.37) million.
- EPS loss of $(0.04) beat the consensus loss of $(0.05).
- AmpliTech held $14.4 million in cash and equivalents.
- New AmpliTech TGSS service division will likely be fully functional during Q4 to help telco customers design, implement, deploy, and manage complete 5G front-end infrastructure in 5G base stations and 5G O-RAN radios.
- AmpliTech’s current order backlog is $8.2 million.
- Outlook: AmpliTech sees a profitable Q3 and raised its FY22 revenue outlook to $17 million from the prior $15 million.
- Price Action: AMPG shares traded higher by 13.74% at $2.97 on the last check Monday.
Investor Optimism Improves Ahead Of Major Earnings Reports
The CNN Money Fear and Greed index showed some improvement in overall sentiment among U.S. investors on Monday.
U.S stocks closed higher on Monday as investors assessed the recent batch of earnings results.
