AMPGRHIGH SIGNALFINANCIAL10-K

AMPGR shows dramatic business expansion with revenue increasing 165% but accompanied by severe cash burn and a 871% spike in current liabilities that raises immediate liquidity concerns.

The company has undergone massive growth through acquisitions (Titan Crest and Specialty Microwave), evidenced by outstanding shares increasing from 19.7M to 25.3M shares. However, the deteriorating cash position (down 74% to $5M) combined with exploding current liabilities ($14.9M vs $1.5M) and worsening operating cash flow losses (-$8.7M vs -$5.3M) suggests potential near-term financial stress despite strong revenue growth.

Comparing 2026-03-26 vs 2025-03-31View on EDGAR →
FINANCIAL ANALYSIS

The financial picture shows aggressive expansion with revenue surging 165% to $25.2M and accounts receivable growing 167%, indicating rapid business scaling likely through acquisitions. However, the company is burning cash at an accelerated pace with operating cash flow losses widening to -$8.7M while cash reserves plummeted 74% to just $5M. Most concerning is the 871% explosion in current liabilities to $14.9M, creating a potential liquidity crisis as short-term obligations now far exceed available cash, despite reduced debt levels.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+2266.5%
$43K→$1.0M

Capital expenditure jumped 2266.5% — major investment cycle underway; assess returns on deployment.

Current Liabilities
Balance Sheet
+870.5%
$1.5M→$14.9M

Current liabilities surged 870.5% — significant near-term obligations; verify ability to meet short-term debt.

Total Liabilities
Balance Sheet
+224.9%
$5.7M→$18.6M

Liabilities grew 224.9% — significant increase in debt or obligations, assess impact on financial flexibility.

Accounts Receivable
Balance Sheet
+166.5%
$1.3M→$3.3M

Receivables surged 166.5% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Revenue
P&L
+165%
$9.5M→$25.2M

Strong top-line growth of 165% — accelerating demand or successful expansion into new markets.

Cash & Equivalents
Balance Sheet
-74.2%
$19.3M→$5.0M

Cash declined 74.2% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Gross Profit
P&L
+73%
$3.5M→$6.0M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Interest Expense
P&L
-69.6%
$43K→$13K

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

Total Debt
Balance Sheet
-65.4%
$234K→$81K

Debt reduced 65.4% — deleveraging strengthens balance sheet and reduces financial risk.

Operating Cash Flow
Cash Flow
-64%
-$5.3M→-$8.7M

Operating cash flow fell 64% — earnings quality concerns; investigate working capital changes and non-cash items.

LANGUAGE CHANGES
NEW — 2026-03-26
PRIOR — 2025-03-31
ADDED
As of March 23, 2026, the registrant had 25,331,299 shares of common stock issued and outstanding.
On December 15, 2021, we acquired substantially all of the assets of Spectrum Semiconductor Materials Inc.
( SSM ), a globally authorized distributor of integrated circuit (IC) packaging and lids for semiconductor device assembly, prototyping, testing, and production requirements founded in 1990 and headquartered in San Jose, CA.
On March 26, 2025, we entered into an asset purchase agreement (as amended, Titan APA ), with Titan Crest, LLC, a Delaware limited liability company ( Titan ), and its affiliate, to purchase certain assets including intellectual property used in developing, manufacturing, marketing and selling products that use radio frequency technology ( 5G ORAN radio products ).
acquired the assets of Specialty Microwave Corporation ( Specialty ), a privately held company based in Ronkonkoma, NY.
+7 more — sign up free →
REMOVED
As of March 27, 2025, the registrant had 19,658,960 shares of common stock issued and outstanding.
On November 19, 2021, AMPG entered into an Asset Purchase Agreement with Spectrum Semiconductor Materials Inc.
( SSM ), a globally authorized distributor of integrated circuit (IC) packaging and lids for semiconductor device assembly, prototyping, testing, and production requirements founded in 1990 and headquartered in San Jose, CA, pursuant to which AMPG acquired substantially all of the assets of the Company (the Acquisition).
The capital balances have been retroactively adjusted to reflect the reverse acquisition.
acquired substantially all of the assets of Specialty Microwave Corporation, a privately held company based in Ronkonkoma, NY.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →