Q2 2022 Highlights
Revenue rose 347.5% year-over-year to $4,584,042 in Q2’22 vs. $1,024,410 in Q2’21
Q2’ 22 gross profit improved to $2,037,719 (44.5% gross profit margin) from Q2’ 21 gross profit $344,623 (33.6% gross profit margin)
Net loss decreased by 21.8% in Q2’22 to $369,540 vs. Q2’21 net loss of $472,695
Completed move of AmpliTech Inc and Specialty Microwave engineering facilities into a single facility in Hauppauge NY to increase operational efficiency and R&D collaboration. Full operational capabilities were re-gained within four weeks after the move took place.
First AGMDC MMIC chip designs were produced showcasing AmpliTech’s advanced LNA designs in a more flexible form factor. They were debuted along with other products at the International Microwave Symposium and garnered extensive interest across a wide spectrum of customers.
Q2 2022 Highlights
Revenue rose 347.5% year-over-year to $4,584,042 in Q2’22 vs. $1,024,410 in Q2’21
Q2’ 22 gross profit improved to $2,037,719 (44.5% gross profit margin) from Q2’ 21 gross profit $344,623 (33.6% gross profit margin)
Net loss decreased by 21.8% in Q2’22 to $369,540 vs. Q2’21 net loss of $472,695
Completed move of AmpliTech Inc and Specialty Microwave engineering facilities into a single facility in Hauppauge NY to increase operational efficiency and R&D collaboration. Full operational capabilities were re-gained within four weeks after the move took place.
First AGMDC MMIC chip designs were produced showcasing AmpliTech’s advanced LNA designs in a more flexible form factor. They were debuted along with other products at the International Microwave Symposium and garnered extensive interest across a wide spectrum of customers.