From TokenPost · · 50s
AmpliTech Shares Rise After $1.03 Million Amplifier Order
AmpliTech shares jump 6.3% after $1.03M order for low-noise amplifiers lifts backlog past $52M.
In brief
AmpliTech shares jump 6.3% after $1.03M order for low-noise amplifiers lifts backlog past $52M. AmpliTech's shares rose 6.3% in premarket trading as a $1.03 million order for low-noise amplifiers pushed total backlog above $52 million. Originally reported by TokenPost.
AmpliTech Shares Rise
AmpliTech Group shares rose 6.3% in premarket trading Oct. 21 as a $1.03 million follow-on order for low-noise amplifiers lifted the company’s total backlog above $52 million.
“Our backlog now exceeds $52 million, and our priority is executing these orders efficiently and meeting our customers’ delivery requirements.”
Order Details
The order went to AmpliTech’s AmpliTech Inc. division and came from an unnamed Fortune 1000 satellite communications company.
Backlog Impact
The order brought total backlog to a record level above $52 million. AmpliTech founder and CEO Fawad Maqbool said, 'Our backlog now exceeds $52 million, and our priority is executing these orders efficiently and meeting…
“Our backlog now exceeds $52 million, and our priority is executing these orders efficiently and meeting our customers’ delivery requirements.”
In short
AmpliTech's shares rose 6.3% in premarket trading as a $1.03 million order for low-noise amplifiers pushed total backlog above $52 million.
