Amplitech Group, Inc.

Good day, ladies and gentlemen, and welcome to AmpliTech Group's quarterly investor update call, where the company will discuss its first quarter 2026 financial results. Present in this call, we have the executive team of AmpliTech Group. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will be given at that time. As a reminder, today's conference is being recorded. I would now like to turn the call over to AmpliTech COO, George Flores.

Thank you, Drew. And thank you for joining today's call to review AmpliTech's first quarter 2026 financial results, review for companies outlook, and to answer investment questions. Following the initial management comments, we will open the call to these questions. An archived replay of today's call will be posted to the Investors Relations section of Amphitex's corporate website. This call is taking place on Wednesday, May 13, 2026. Remarks that follow and answers to questions may include statements that the company believes to be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include words such as anticipate, believe, expect, or words of similar importance. Likewise, statements that describe future plans, objectives, or goals are also forward-looking. These forward-looking statements are subject to various risks that could cause actual results to be materially different than expected. Such risks include among others matters that the company has described in its press releases and in its filings with the Securities and Exchange Commission. SEPTA described in its findings the company's claims and obligation to update forward-looking statements, which are made as of today's date. With that, let me turn the call over to our CEO and CTO, Mr. Fawad Manco.

Thank you, George, and thank you, everyone, for joining us today. The first quarter of 2026 reflects meaningful progress across several areas of our business. We achieved substantial revenue growth year-over-year and expanded growth margins significantly, strengthened our balance sheet, and continue transitioning key technologies from development into commercial deployment. What is important to note here is the trend towards reducing the losses and expanding gross margins as promised. We believe our investments in 5G ORA and radio technologies mimic design capabilities and advanced RF systems are beginning to contribute more meaningfully to operational performance. We're encouraged by the increasing demand environment for next-generation wireless infrastructure and remain focused on disciplined execution, operational scalability, and long-term shareholder value creation. Before we move further into our results and outlook, I want to briefly address the broader operating environment because it is relevant to how we think about timing, delivery schedules, and revenue recognition over the balance of the year. As a technology manufacturer with global suppliers and customers, we continue to monitor several external factors that are outside of our direct control, including geopolitical tensions, volatility in fuel and logistic costs, potential disruptions in international shipping lanes, and broader supply chain constraints. We are also seeing areas of heightened demand across the semiconductor ecosystem, particularly in memory and related components driven by AI, data center, and high-performance computing demands. These conditions can place pressure on component availability, lead times, freight costs, and production scheduling. At this time, we are not changing our full-year revenue guidance. However, we believe it is prudent to acknowledge that the timing of certain shipments and revenue recognition may be influenced by these external conditions, as well as by customer deployment schedules, supplier lead times, and normal production cycle timing. As a result, we currently expect our revenue profile of the year to be more heavily weighted toward the later quarters, And we had mentioned this in the last investor call as well. So we're on track in that respect. So also very important to mention is demand for our products and solutions remains very active. And our team is focused on managing supplier relationships, planning inventory requirements, qualifying alternatives where appropriate, and maintaining close communication with customers to support scheduled delivery. While these macro factors may affect the timing of revenue recognition, They do not change our long-term confidence in the markets we serve or in the strategic opportunities ahead for AmpliTec. The company continues to believe in its full-year revenue guidance to remain achievable. We continue to receive orders related to our $40 million LOI with the North American M&O, for which shipments resumed earlier in April. Our distribution business is also experiencing an uptick in demand, contributing nicely to the over $20 million in backlog orders the company currently has. As for our operational and strategic progress, during the quarter, the company continued to advance commercialization initiatives related to 5G ORAN radio systems, proprietary RF and microwave technologies, 5G MIMIC chip design programs, satellite and defense communications applications, next generation wireless infrastructure solutions. The company also reported lower research and development year over year as several products transitioned from active development into commercialization and deployment phases. This doesn't mean we will not invest in RMD for our products to stay ahead of the competition as always. We pride ourselves in providing unique solutions that differentiate us from other vendors in the industry. The company remains focused on expanding revenue scale, improving operational leverage, strengthening internal controls and infrastructure, increasing commercialization activity, supporting long-term sustainable growth. With this, I'll turn the call over to CFO Luisa San Fratello to review our financial results in more detail.