AmpliTech's Satcom Systems Subdivision Receives Orders From Major Media Companies; Specialty Microwave Subdivision Achieves A Record $1M Bookings For 2023
Portfolio Pulse from Benzinga Newsdesk
AmpliTech Group, Inc (NASDAQ:AMPG) has announced new partnerships and an increase in bookings within its Satcom components subdivision, Specialty Microwave. The division has booked $1 million in Q2 and Q3 of 2023, expected to convert to revenue mostly in the first half of 2024. This is attributed to securing business from global entertainment companies such as Warner Bros., Disney, Paramount, and CBS Viacom. The bookings are for assemblies crucial for efficient signal transmission and reception across news, TV, and entertainment networks.
October 04, 2023 | 1:11 pm
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AmpliTech Group's new partnerships and increased bookings with major media companies could potentially boost its revenues in the first half of 2024.
The news of AmpliTech Group securing business from major media companies and the increase in bookings within its Satcom components subdivision is likely to have a positive impact on its stock. This is because these developments could potentially lead to increased revenues in the first half of 2024.
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