The chart below shows how AMPG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AMPG sees a +13.26% change in stock price 10 days leading up to the earnings, and a -4.45% change 10 days following the report. On the earnings day itself, the stock moves by -2.10%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q2 2024 Revenue Report: AmpliTech reported revenue of $2.5 million for Q2 2024, maintaining a healthy gross profit margin of approximately 42%.
Strong Working Capital Position: The company has a strong working capital position of nearly $10 million and over $7 million in inventory to support customer needs.
Opportunity Pipeline Expansion: AmpliTech's pipeline of opportunities has increased to approximately $130 million, with a historical conversion rate of about 25%.
Private 5G Solution Development: The company has developed a full end-to-end private 5G solution, tapping into a significant monetization opportunity with a large total addressable market.
Satellite Ground Station Market Growth: AmpliTech is the only US-based designer and manufacturer of high-performance satellite ground station LNBs, with the Ku-band LNB market expected to grow from $103.2 billion in 2023 to $156.1 billion by 2030.
Negative
Q2 2024 Revenue Decline: Revenue for Q2 2024 was $2.5 million, significantly lower than projected due to decreased global demand and recessionary market dynamics.
Q2 2024 Loss Report: The company reported a loss of $1.57 million for Q2 2024, attributed to unexpected lower sales and increased corporate expenses.
Sales Decline in Semiconductors: Semiconductor distribution sales from the Spectrum division decreased due to softer international demand, particularly from Hong Kong, contributing to revenue loss.
Order Delays Impact Sales: The company faced delays in customer orders due to external market conditions, pushing out revenue projections and impacting overall sales forecasts.
Opportunity Pipeline Decline: The pipeline of opportunities has decreased from over $120 million to approximately $130 million, indicating challenges in converting opportunities into actual sales.
AmpliTech Group, Inc. (AMPG) Q2 2024 Earnings Call Transcript
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