AmpliTech Group, Inc. (NASDAQ:AMPG) surged on Friday after the company delivered a standout third-quarter performance, posting revenue that more than doubled from last year and came in well ahead of market expectations, while sharply reducing its net losses.
The stock moved higher immediately following the earnings announcement, reflecting investor enthusiasm over the stronger-than-expected results.
For the quarter ended September 30, 2025, the signal-processing components maker reported revenue of $6.09 million—up 115% from $2.83 million a year earlier and comfortably above the analyst estimate of $5.1 million. Net loss narrowed to -$0.01 per share, an improvement over the -$0.12 loss in Q3 2024 and slightly better than expectations for a -$0.02 per-share loss.
Gross profit climbed to $2.96 million, more than double last year’s figure, while gross margin expanded to 48.6% from 47.5%.
“Q3 marked a pivotal inflection point for AmpliTech as we ensured we will finish our FY 2025 with company record revenues and delivered triple-digit revenue growth,” said Fawad Maqbool, CEO of AmpliTech Group.
The company raised its full-year 2025 revenue forecast to at least $25 million, signaling a 160% increase from fiscal 2024. Looking ahead, AmpliTech expects to generate positive operating cash flow and move into profitability in fiscal 2026, projecting no less than $50 million in revenue—double its newly revised 2025 target.
The quarter closed with $11.9 million in cash, cash equivalents, and accounts receivable, with no long-term debt on the balance sheet and working capital totaling $14 million as of September 30, 2025.