HAUPPAUGE, N.Y., March 26, 2026 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. (NASDAQ:AMPG) today reported financial results for the fiscal year ended December 31, 2025, as included in its Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Strong Revenue Growth Driven by 5G and Core RF Product Demand
Revenue increased to $25.2 million for fiscal year 2025, compared to $9.5 million in fiscal year 2024, representing growth of approximately 165% year-over-year. The increase was driven primarily by higher sales of low noise amplifier (LNA) and low noise block (LNB) products, expanded 5G product lines, and strong demand from telecommunications and satellite communications customers. The Spectrum division also benefited from a rebound in Asian markets.
Gross Profit Expansion Reflects Strategic 5G Market Penetration
Gross profit grew to $6.0 million from $3.5 million in the prior year. Gross margin was 23.9% in 2025 compared to 36.7% in 2024. The margin compression reflects the Company’s strategic investment in building long-term relationships with global Tier 1 network operators by providing competitively priced, carrier-grade O-RAN compliant 5G radios. Management expects gross margins to improve meaningfully as the Company transitions from initial market penetration and deployment phases into recurring, high-volume business with established operators.
Operating Expenses Reflect Growth Investments
Sales, general, and administrative expenses increased to $10.7 million from $7.9 million in the prior year, reflecting growth in personnel, professional fees, amortization, insurance, and trade show activity. Research and development expenses were $2.7 million, a decrease from $3.6 million in 2024 attributable to the completion of the Company’s flagship Massive MIMO 64T64R O-RAN CAT B Radio Network development program.
Significantly Improved Net Loss and Operating Performance
Net loss improved to $7.0 million from $11.2 million in fiscal year 2024, a reduction of $4.2 million or approximately 38%. The improvement was supported by higher gross profit …