trending Market Intelligence /marketintelligence/en/news-insights/trending/ITIkGHhC-ylKHYzx3ezGsA2 content esgSubNav
In This List

AmpliTech swings to loss in Q1

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


AmpliTech swings to loss in Q1

AmpliTech Group Inc. said its normalized net income for the first quarter came to a loss of $88,260, compared with income of $19,260 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 60.3% from 5.5% in the year-earlier period.

Total revenue declined 58.0% year over year to $146,480 from $348,450, and total operating expenses fell 7.7% on an annual basis to $284,060 from $307,750.

Reported net income totaled a loss of $141,220, or a loss of 0 cents per share, compared to income of $30,810, or 0 cents per share, in the year-earlier period.