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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and AmpliTech Group, Inc. (AMPG). Click either name above to swap in a different company.

AmpliTech Group, Inc. is the larger business by last-quarter revenue ($4.5M vs $2.8M, roughly 1.6× Alpha Cognition Inc.). AmpliTech Group, Inc. runs the higher net margin — -71.6% vs -245.5%, a 173.9% gap on every dollar of revenue. AmpliTech Group, Inc. produced more free cash flow last quarter ($-3.5M vs $-7.1M).

ACOG vs AMPG — Head-to-Head

Bigger by revenue
AMPG
AMPG
1.6× larger
AMPG
$4.5M
$2.8M
ACOG
Higher net margin
AMPG
AMPG
173.9% more per $
AMPG
-71.6%
-245.5%
ACOG
More free cash flow
AMPG
AMPG
$3.5M more FCF
AMPG
$-3.5M
$-7.1M
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
AMPG
AMPG
Revenue
$2.8M
$4.5M
Net Profit
$-6.9M
$-3.2M
Gross Margin
22.8%
Operating Margin
-283.7%
-73.3%
Net Margin
-245.5%
-71.6%
Revenue YoY
141.6%
Net Profit YoY
16.1%
EPS (diluted)
$-0.10
$-0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACOG
ACOG
AMPG
AMPG
Q4 25
$2.8M
$4.5M
Q3 25
$2.8M
$6.1M
Q2 25
$1.7M
$11.0M
Q1 25
$2.9M
$3.6M
Q4 24
$1.9M
Q3 24
$2.8M
Q2 24
$2.5M
Q1 24
$2.3M
Net Profit
ACOG
ACOG
AMPG
AMPG
Q4 25
$-6.9M
$-3.2M
Q3 25
$-1.3M
$-188.4K
Q2 25
$-10.5M
$-1.8M
Q1 25
$-2.0M
$-1.8M
Q4 24
$-3.8M
Q3 24
$-1.2M
Q2 24
$-1.6M
Q1 24
$-4.7M
Gross Margin
ACOG
ACOG
AMPG
AMPG
Q4 25
22.8%
Q3 25
48.6%
Q2 25
96.7%
7.8%
Q1 25
99.6%
33.0%
Q4 24
10.7%
Q3 24
47.6%
Q2 24
41.8%
Q1 24
38.5%
Operating Margin
ACOG
ACOG
AMPG
AMPG
Q4 25
-283.7%
-73.3%
Q3 25
-187.0%
-3.6%
Q2 25
-346.1%
-17.5%
Q1 25
-125.9%
-52.5%
Q4 24
-234.5%
Q3 24
-38.4%
Q2 24
-62.0%
Q1 24
-62.3%
Net Margin
ACOG
ACOG
AMPG
AMPG
Q4 25
-245.5%
-71.6%
Q3 25
-46.4%
-3.1%
Q2 25
-632.7%
-16.1%
Q1 25
-68.5%
-51.1%
Q4 24
-206.2%
Q3 24
-42.0%
Q2 24
-62.4%
Q1 24
-203.0%
EPS (diluted)
ACOG
ACOG
AMPG
AMPG
Q4 25
$-0.10
$-0.14
Q3 25
$-0.30
$-0.01
Q2 25
$-0.65
$-0.09
Q1 25
$-0.13
$-0.09
Q4 24
$-0.28
Q3 24
$-0.12
Q2 24
$-0.16
Q1 24
$-0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACOG
ACOG
AMPG
AMPG
Cash + ST InvestmentsLiquidity on hand
$66.0M
$5.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$32.9M
Total Assets
$79.7M
$51.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
AMPG
AMPG
Q4 25
$66.0M
$5.0M
Q3 25
$35.4M
$8.4M
Q2 25
$39.4M
$11.1M
Q1 25
$45.5M
$16.9M
Q4 24
$19.3M
Q3 24
$1.1M
Q2 24
$1.0M
Q1 24
$2.4M
Total Debt
ACOG
ACOG
AMPG
AMPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.1M
Q2 24
$36.4K
Q1 24
$63.2K
Stockholders' Equity
ACOG
ACOG
AMPG
AMPG
Q4 25
$62.5M
$32.9M
Q3 25
$33.9M
$35.8M
Q2 25
$31.9M
$35.8M
Q1 25
$40.8M
$35.8M
Q4 24
$37.5M
Q3 24
$20.4M
Q2 24
$20.7M
Q1 24
$22.2M
Total Assets
ACOG
ACOG
AMPG
AMPG
Q4 25
$79.7M
$51.5M
Q3 25
$46.3M
$47.2M
Q2 25
$45.1M
$48.6M
Q1 25
$48.6M
$42.1M
Q4 24
$43.2M
Q3 24
$27.5M
Q2 24
$25.4M
Q1 24
$26.9M
Debt / Equity
ACOG
ACOG
AMPG
AMPG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.06×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACOG
ACOG
AMPG
AMPG
Operating Cash FlowLast quarter
$-6.9M
$-3.4M
Free Cash FlowOCF − Capex
$-7.1M
$-3.5M
FCF MarginFCF / Revenue
-252.6%
-78.4%
Capex IntensityCapex / Revenue
5.3%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.7M
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
AMPG
AMPG
Q4 25
$-6.9M
$-3.4M
Q3 25
$-5.3M
$-999.4K
Q2 25
$-6.1M
$-2.3M
Q1 25
$-2.0M
$-2.0M
Q4 24
$-1.2M
Q3 24
$-1.7M
Q2 24
$-1.3M
Q1 24
$-1.1M
Free Cash Flow
ACOG
ACOG
AMPG
AMPG
Q4 25
$-7.1M
$-3.5M
Q3 25
$-5.4M
$-1.4M
Q2 25
$-6.1M
$-2.4M
Q1 25
$-2.1M
$-2.4M
Q4 24
$-1.2M
Q3 24
$-1.7M
Q2 24
$-1.3M
Q1 24
$-1.1M
FCF Margin
ACOG
ACOG
AMPG
AMPG
Q4 25
-252.6%
-78.4%
Q3 25
-188.8%
-23.7%
Q2 25
-370.9%
-21.6%
Q1 25
-72.0%
-65.8%
Q4 24
-63.9%
Q3 24
-61.6%
Q2 24
-52.7%
Q1 24
-47.0%
Capex Intensity
ACOG
ACOG
AMPG
AMPG
Q4 25
5.3%
1.9%
Q3 25
2.6%
7.3%
Q2 25
0.5%
1.1%
Q1 25
2.2%
10.0%
Q4 24
0.9%
Q3 24
0.4%
Q2 24
0.5%
Q1 24
0.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACOG
ACOG

Segment breakdown not available.

AMPG
AMPG

Other$2.7M60%
Distribution$1.8M40%

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