AmpliTech Group announced that they received over $1 million worth of orders in the 4th Quarter of 2015. The company also announced that they reached a record high in revenues for 2015 which amounts to a 16% increase over last year's revenue.
AmpliTech’s strategy for increasing revenue and profitability is working and with the large increase in bookings this year, they expect to have a great future as well. With new products coming out next year and continued sales and marketing strategy, the company expects revenue will continue to increase. Also, with new lower rate financing, they hope to improve their throughput as well as their bottom line.
AmpliTech also announced that they will be moving into a new larger facility with double the space. This will improve production and increase the overall efficiency of their manufacturing and development process. The company plans to move into the new facility by February 1st, 2016.
