AmpliTech Group, Inc.
AMPG Technology Communication Equipment
AmpliTech Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.2 million, up 165.0% from fiscal 2024. In the quarter to June 2026, revenue fell 26.8%, EPS fell 33.3%, free cash flow fell 3.69% and total debt fell 55.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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AmpliTech Group, Inc. (AMPG) Altman Z-score
AmpliTech Group, Inc.'s Altman Z-score for fiscal 2025 is 1.52, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.52 | (3.93) |
| FY2024 | 5.44 | 2.75 |
| FY2023 | 2.69 | 0.29 |
| FY2022 | 2.40 | (1.10) |
| FY2021 | 3.50 | 1.38 |
| FY2020 | 2.12 | 0.11 |
| FY2019 | 2.01 | (2.81) |
| FY2018 | 4.82 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.20 | — | 0.24 | |
| Retained earnings / total assets | (0.54) | — | −0.76 | |
| EBIT / total assets | (0.14) | — | −0.47 | |
| Market value of equity / total liabilities | 3.37 | — | 2.02 | |
| Sales / total assets | 0.49 | — | 0.49 | |
| Altman Z-score | Distress zone | 1.52 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.42 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| OCC Optical Cable Corporation compare | 3.8× |
| AMPG AmpliTech Group, Inc. | 1.5× |
| CRNT Ceragon Networks Ltd. compare | 1.2× |
| BOSC B.O.S. Better Online Solutions compare | 1.1× |
| AVNW Aviat Networks, Inc. compare | 0.4× |
| CMTL Comtech Telecommunications Corp. compare | 0.3× |
| AIRG Airgain, Inc. compare | −0.3× |
| INSG Inseego compare | −10.5× |
| WATT Energous Corporation compare | −34.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets