Guerrilla RF Announces First Production PO for SATCOM Market Securing Stronger Second Half 2023
- Guerrilla RF secures first production order from tier 1 SATCOM company
- Estimated market opportunity exceeds $560M
- Projected 2024 sales to SATCOM industry exceed $1M in gross revenue
- Sales in second half of the year expected to exceed $7M reported in first half
- Inventory levels back to normal or slightly low
- None.
Guerrilla RF today announced the first production order received from a tier 1 SATCOM company. (Graphic: Business Wire)
Since announcing its entrance into the SATCOM market, Guerrilla RF has secured multiple design wins bringing the potential of 5G connectivity to enabled cellphones and equipment anywhere on the globe. Guerrilla RF has estimated the market opportunity for its chipset to be in excess of
The initial PO is for
Due in part to the SATCOM order and previously announced design wins, the Company expects sales in the year's second half to exceed the
“Guerrilla RF continues to gain traction in applications that demand high-performance wireless communications,” said Ryan Pratt, CEO and founder of Guerrilla RF. “We are proud to be recognized as a stable supplier to such a demanding industry.”
About Guerrilla RF, Inc.
Founded in 2013, Guerrilla RF, Inc., develops and manufactures high-performance state-of-the-art radiofrequency (RF) and microwave communication solutions for wireless OEMs in multiple high-growth market segments, which include network infrastructure for 5G/4G macro and small cell base stations, SATCOM, cellular repeaters/DAS, automotive telematics, military communications, navigation, and high-fidelity wireless audio. The Company has an extensive portfolio of 100+ high-performance RF and microwave semiconductor devices with 50+ new products in development. As one of the fastest-growing semiconductor firms in the industry, Guerrilla RF drives innovation through its R&D to commercialization initiatives and focuses on product excellence and custom solutions to underserved markets. To date, the Company has shipped over 175 million devices and has repeatedly been included in Inc. Magazine’s annual “Inc. 5000” list. Guerrilla RF has achieved the "Inc. 500" list twice. For more information, please visit https://guerrilla-rf.com or follow the Company on Twitter and LinkedIn.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the Company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of several factors, including those described in the Company’s filings with the SEC available at www.sec.gov. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230906844732/en/
Sam Funchess, VP of Corporate Development
ir@guerrilla-rf.com
+1 336 510 7840
Source: Guerrilla RF, Inc.
