AmpliTech has announced its Fiscal Second Quarter stating record revenues of $504,656, and generated EBIT of about $160,000, a nearly 8-fold increase over the 2015, substantially growing its available cash and flexibility for business development.
The growth comes amid the company’s investments in its facilities, helping record revenues and most importantly, generating free cash flow. As the global RF equipment market continues to grow, the company’s marketing and sales effort is just beginning, and is helping shape what should be a big year, supporting an important effort to bring new products to market that can greatly expand our reach, globally.
AmpliTech expects this to be a very successful year, where they hope to grow their revenues by over 50% over 2015, while having a healthy balance sheet and active R&D program, and launching new and bold products in 2017, to take the program to the very next level.
