v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

(3) Segment Reporting

 

The Company operates in two reportable segments: the manufacturing and engineering segment, which is operated by AmpliTech Inc. and Specialty Microwave: and the distribution segment, which is operated by Spectrum. The manufacturing and engineering segment assembles microwave components, and the distribution segment is a global distributor of integrated circuits packages and lids. The Company provides general corporate services to its segments; however, these services are not considered when making operating decisions and assessing segment performance. These services are reported under “Corporate” below and include costs associated with executive management, financing activities and public company compliance.

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Three Months Ended March 31, 2026 and 2025

(Unaudited)

 

The following table presents summary information by segment for the three months ended March 31, 2026:

 

   Manufacturing
and Engineering		   Distribution   Corporate   Total 
Revenue  $3,283,537   $2,065,909   $

–

   $5,349,446 
Cost of goods sold   1,689,908    1,092,672    

–

    2,782,580 
Net income (loss)   (448,936)   123,370    (1,196,141)   (1,521,707)
Research and development (1)   503,046    

–

    

–

    503,046 
Total assets   23,649,367    17,540,431    18,553,941    59,743,739 
Depreciation and amortization   314,616    31,169    186,599    532,384 
Interest income, net   29,139    

–

    30,298    59,437 

 

The following table presents summary information by segment for the three months ended March 31, 2025:

 

   Manufacturing
and Engineering		   Distribution   Corporate   Total 
Revenue  $985,536   $2,613,563   $–   $3,599,099 
Cost of goods sold   767,054    1,644,175    –    2,411,229 
Net income (loss)   (1,583,194)   219,491    (476,818)   (1,840,521)
Research and development (2)   739,673    –    –    739,673 
Total assets   22,386,921    16,074,839    3,601,275    42,063,035 
Depreciation and amortization   93,273    28,787    –    122,060 
Interest income, net   39,571    –    9,926    49,497 

 

(1) Research and development for the three months ended March 31, 2026 was comprised of $128,429 of 5G expenses and $374,617 of MMIC design expenses.
   
(2) Research and development for the three months ended March 31, 2025 was comprised of $306,627 of 5G expenses and $433,046 of MMIC design expenses.

 

 

AmpliTech Group, Inc.

Notes To Condensed Consolidated Financial Statements

For the Three Months Ended March 31, 2026 and 2025

(Unaudited)