AmpliTech Lands $1.03M Satellite LNA Order, Backlog Tops Record $52M
AMPG sits 70% above its 52-week low of $1.64.
Summary
AmpliTech's RF division booked a $1.03 million follow-on order for low-noise amplifiers from a Fortune 1000 satellite communications customer, pushing total backlog above a record $52 million. That backlog is expected to convert to revenue across the rest of fiscal 2026 and through fiscal 2027. The order is small next to the $21.7 million 5G O-RAN order announced October 20, but it reinforces the RF component business alongside 5G and follows the October 14 disclosure of over $17 million in Q3 purchase orders. Management also said existing cash covers planned operations through the end of fiscal 2027 and that it has received all remaining technical documentation and design deliverables under the amended Titan Crest asset purchase agreement. The company still carries material weaknesses in financial reporting flagged in the August 10-Q, and backlog conversion execution is the key variable.
At the time of this announcement, AMPG was trading at $2.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $79.8M. The 52-week trading range was $1.64 to $10.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.