AmpliTech Group, Inc. (NASDAQ:AMPG) Q3 2023 Earnings Call Transcript

Jack Codera: Okay. That’s helpful. And then one last question, I was hoping to get a little bit more color on your guys’ new MIMIC chips. I think there was an expectation for those to see an incremental impact in the second half of this year. Was there any impact on this quarter’s results and then how can we look at that opportunity in terms of revenue mix going forward? Any color there would be very helpful.

Jorge Flores: Well, yeah, that’s why we wanted to be able to sign up a deal with a distribution company for our MMICs because that’s the best way to go. That’s why we made a good agreement with CDI. They have a global presence. They have sales and marketing people. They also have the RF engineering knowledge to be able to drive our customers into the different SKUs that we have already available in our MMIC line. The — we do expect that CDI is going to really be able to move this MMICs in a very good way for us. Some of our factoring, we have already exchanged our training among both of the sales side groups from our group and then also the group as well. The websites have been updated and we expect a good contribution from CDI to start materializing Q1 2024 for all of the MMIC SKUs that we have already released to the market.

Jack Codera: Thank you for answering my questions. That was helpful.

Operator: [Operator Instructions] We do not have any further questions at the moment, so we will conclude the Q&A session and I will then return the call back over to Fawad Maqbool for closing remarks. Please go ahead.

Fawad Maqbool: Thank you, Operator. Thanks to everyone who joined today’s call. We’re excited about the progress we’ve made and the plan we have to further our company’s mission of providing the communication systems of tomorrow today. We look forward to updating you on our Q4 financial results call in mid-March. Until then, please contact us directly should you have any questions or wish to schedule a call with management. Our Investor Relations team can be reached at contact information listed at the bottom of our press release. Thank you and be well.

Operator: Thank you very much. And this concludes the call and we appreciate your presence. You may now disconnect your lines.