Phoenix, Arizona--(Newsfile Corp. - December 9, 2019) - The Stock Day Podcast welcomed AmpliTech Group, Inc. (OTCQB: AMPG) ("the Company"), a company that designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, Defense and Military markets. CEO of the Company, Fawad Maqbool, joined Stock Day host Everett Jolly.
Maqbool began the interview by giving a brief overview of the Company. "We make very high-tech components for communications systems," said Maqbool. "We make a core component which is in demand now with many rapidly emerging technologies."
Jolly then asked about the Company's significant increase in revenue over the past year. "What a great third quarter you had - you did $708,000 in revenue," said Jolly. "How did you get there?" asked Jolly. Maqbool shared that the revenue increase can be largely attributed to the Company's research and development, as well as the addition of larger customers. "These larger customers are coming to us because they have a need for performance," said Maqbool.
"What markets do you serve?" asked Jolly. Maqbool explained that the Company serves the SATCOM, space, defense, and military markets for a variety of communication systems. "We make core components for receivers, radar, airborne avionics, drones, satellites, cellular base stations for 4G and 5G networks, airline WIFI, and even cryogenic quantum supercomputers," explained Maqbool.
He further explained that the Company was approached by a leading quantum computer developer to help develop an amplifier required in quantum computing for a Watson-type super-computer. "This is what enables the next generation of supercomputers that will be handling the big data problem that we have," said Maqbool. "We're on the ground floor of that and we're developing the next generation of those," he added.
Maqbool then elaborated on the Company's clientele, sharing that their customer base includes Fortune 500 companies, domestic and international government agencies, universities, and various research institutions. "Whenever there is a cutting edge performance requirement, they'll come to us for these types of amplifiers," said Maqbool. He then shared that the Company will be announcing their disruptive technology in the near future. "That's what we're working on right now," he said.
"What is the growth plan for 2020?" asked Jolly. "We plan to grow organically with our own new product development, as well as inorganically through strategic acquisitions," said Maqbool, adding that the Company recently completed their first acquisition which has allowed them to lower their overhead and expand their capabilities. "That increases our customer and potential growth base," said Maqbool.
Maqbool then elaborated on the Company's acquisition of Specialty Microwave (SMW). "Specialty Microwave is a company that has been in business for about 39 years," shared Maqbool, adding that SMW specializes in building patch panels, boxes, and controllers for a large customer base. "The product that they make and the capabilities that they have, we can integrate into our components," said Maqbool.
To close the interview, Maqbool expressed his excitement for the Company's potential as they continue to expand. "It's a good company, it's a good value company, it's in the right market," said Maqbool. "The growth is imminent."
To hear Fawad Maqbool's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7446461-amplitech-group-inc-discusses-their-expansion-strategy-with-the-stock-day-podcast
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, Defense 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 wecan 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: http://www.AmpliTechinc.com
Use of Non-GAAP Financial Information
EBITDA and Adjusted EBITDA is a financial measure that is not calculated in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Management believes that because Adjusted EBITDA excludes (i) certain non-cash expenses (such as depreciation, amortization and stock-based compensation) and (ii) expenses that are not reflective of the Company's core operating results over time (such as restructuring costs, litigation or dispute settlement charges or gains, and transaction-related costs), this measure provides investors with additional useful information to measure the Company's financial performance, particularly with respect to changes in performance from period to period. Edison Nation management uses EBITDA and Adjusted EBITDA (a) as a measure of operating performance; (b) for planning and forecasting in future periods; and (c) in communications with the Company's Board of Directors concerning Edison Nation's financial performance. The Company's presentation of EBITDA and Adjusted EBITDA are not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to net income or any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes EBITDA and Adjusted EBITDA should be used to supplement the Company's financial measures derived in accordance with U.S. GAAP to provide a more complete understanding of the trends affecting the business.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
CONTACT: Fawad Maqbool, CEO, AmpliTech Group, Inc. (631) 521-7831
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