AmpliTech Group, Inc. Q4 FY2021 earnings call

• Over the past year, AmpliTech transformed the company, focusing on core technology as an enabler for 5G, quantum computing, satellite communications, etc. - Completed recapitalization and NASDAQ uplisting, acquired Spectrum Semiconductor Materials (quadrupling yearly top-line), launched MMIC design center in Texas, developed 5G communication system, formed joint venture with SN2N. - Recorded 2021 annual revenues of $5.3 million (53% increase from 2020), expected Q1 2022 revenue at least $4.8 million, order backlog of $9.3 million. - Invested ~$11M in Spectrum acquisition, $1.8M in R&D, $250,000 in joint venture, etc. - Positioned for profitable operations in 2022 with $20.5M working capital, no debt. - Growth strategy focuses on LNAs, MMIC development, 5G, quantum computing, satellite communications; strong customer interest from trade shows.

No detailed financial performance by product segments provided in the transcript to state absolute terms and revenue contribution %.

• 2021 annual revenue $5.3M, 53% increase from 2020. - Q1 2022 revenue expected at least $4.8M. - Order backlog $9.3M implies 2022 revenue to rise to at least $15M. - Expect continued investment in 2022, aiming for initial commercialization of MMIC and 5G solutions in next few quarters.

• Forward-looking statements subject to various risks as described in press releases and SEC filings; no specific operational failures detailed in the transcript.

Q: Jack Vander Aarde asks about backlog visibility, trade show follow-up process, product line demand.

A: Fawad Maqbool and Jorge Flores discuss backlog expectations, salesforce process for trade show follow-ups, and product line demand in satellite and quantum markets.

Q: Eric Beder asks about MMIC in backlog, MMIC product rollout, Spectrum acquisition impact.

A: Fawad Maqbool and Jorge Flores talk about MMIC not currently in backlog but in leads, expected MMIC product rollout end of year, and positive impact of Spectrum acquisition on scaling operations and margins.