Guerrilla RF Reports Fourth Quarter and Full Year 2024 Results
Guerrilla RF (OTCQX: GUER) reported its Q4 and full-year 2024 financial results, marking significant growth in several areas. Revenue for fiscal year 2024 increased 33.4% compared to 2023, reaching $20.1 million. Gross profit jumped 49.8% to $12.8 million, with margins expanding 660 basis points to 63.7%.
Q4 2024 revenue showed a slight decrease to $4.4 million from $4.7 million year-over-year, primarily due to a 42% drop in Automotive sales. However, Infrastructure grew 10% and Catalog markets expanded 62%, driven by increases in SatCom and wireless audio.
The company's operating loss improved to $8.8 million in 2024 from $12.9 million in 2023. Product contribution margins rose from 70.5% to 74.8%. International shipments reached $4.0 million, representing 20% of total product revenue. The company's backlog stood at $5.4 million at year-end 2024, increasing to $6.8 million by March 14, 2025.
Guerrilla RF (OTCQX: GUER) ha riportato i risultati finanziari del Q4 e dell'intero anno fiscale 2024, segnando una crescita significativa in diverse aree. I ricavi per l'anno fiscale 2024 sono aumentati del 33,4% rispetto al 2023, raggiungendo i 20,1 milioni di dollari. Il profitto lordo è aumentato del 49,8% a 12,8 milioni di dollari, con margini in espansione di 660 punti base al 63,7%.
I ricavi del Q4 2024 hanno mostrato una leggera diminuzione a 4,4 milioni di dollari rispetto ai 4,7 milioni dell'anno precedente, principalmente a causa di un calo del 42% nelle vendite automobilistiche. Tuttavia, l'area delle infrastrutture è cresciuta del 10% e i mercati del catalogo sono aumentati del 62%, trainati da un incremento nel settore SatCom e audio wireless.
La perdita operativa dell'azienda è migliorata a 8,8 milioni di dollari nel 2024 rispetto ai 12,9 milioni del 2023. I margini di contribuzione del prodotto sono aumentati dal 70,5% al 74,8%. Le spedizioni internazionali hanno raggiunto i 4,0 milioni di dollari, rappresentando il 20% dei ricavi totali del prodotto. Il portafoglio dell'azienda si è attestato a 5,4 milioni di dollari alla fine del 2024, aumentando a 6,8 milioni di dollari entro il 14 marzo 2025.
Guerrilla RF (OTCQX: GUER) informó sus resultados financieros del cuarto trimestre y del año fiscal 2024, marcando un crecimiento significativo en varias áreas. Los ingresos del año fiscal 2024 aumentaron un 33,4% en comparación con 2023, alcanzando los 20,1 millones de dólares. El beneficio bruto saltó un 49,8% a 12,8 millones de dólares, con márgenes que se expandieron 660 puntos básicos al 63,7%.
Los ingresos del cuarto trimestre de 2024 mostraron una ligera disminución a 4,4 millones de dólares desde 4,7 millones del año anterior, principalmente debido a una caída del 42% en las ventas de automóviles. Sin embargo, la infraestructura creció un 10% y los mercados de catálogo se expandieron un 62%, impulsados por aumentos en SatCom y audio inalámbrico.
La pérdida operativa de la empresa mejoró a 8,8 millones de dólares en 2024 desde 12,9 millones en 2023. Los márgenes de contribución del producto aumentaron del 70,5% al 74,8%. Los envíos internacionales alcanzaron los 4,0 millones de dólares, representando el 20% de los ingresos totales del producto. La cartera de la empresa se situó en 5,4 millones de dólares a finales de 2024, aumentando a 6,8 millones de dólares para el 14 de marzo de 2025.
Guerrilla RF (OTCQX: GUER)는 2024 회계연도 4분기 및 전체 연도 재무 결과를 발표하며 여러 분야에서의 상당한 성장을 나타냈습니다. 2024 회계연도 수익은 2023년에 비해 33.4% 증가했습니다, 2010만 달러에 도달했습니다. 총 이익은 49.8% 증가하여 1280만 달러에 이르렀고, 마진은 660 베이시스 포인트 증가하여 63.7%에 도달했습니다.
2024년 4분기 수익은 전년 대비 470만 달러에서 440만 달러로 약간 감소했으며, 이는 주로 자동차 판매의 42% 감소 때문입니다. 그러나 인프라는 10% 성장했고 카탈로그 시장은 SatCom 및 무선 오디오의 증가에 힘입어 62% 확장되었습니다.
회사의 운영 손실은 개선되었습니다, 2024년에는 890만 달러로 2023년의 1290만 달러에서 줄어들었습니다. 제품 기여 마진은 70.5%에서 74.8%로 증가했습니다. 국제 배송은 400만 달러에 도달하여 전체 제품 수익의 20%를 차지했습니다. 회사의 미결 주문은 2024년 말에 540만 달러였으며, 2025년 3월 14일까지 680만 달러로 증가했습니다.
Guerrilla RF (OTCQX: GUER) a publié ses résultats financiers pour le quatrième trimestre et l'ensemble de l'année fiscale 2024, marquant une croissance significative dans plusieurs domaines. Les revenus pour l'année fiscale 2024 ont augmenté de 33,4% par rapport à 2023, atteignant 20,1 millions de dollars. Le bénéfice brut a bondi de 49,8% à 12,8 millions de dollars, avec des marges s'élargissant de 660 points de base à 63,7%.
Les revenus du quatrième trimestre 2024 ont montré une légère baisse à 4,4 millions de dollars contre 4,7 millions de dollars l'année précédente, principalement en raison d'une baisse de 42% des ventes automobiles. Cependant, l'infrastructure a augmenté de 10% et les marchés de catalogue se sont étendus de 62%, soutenus par des augmentations dans le secteur SatCom et audio sans fil.
La perte d'exploitation de l'entreprise s'est améliorée à 8,8 millions de dollars en 2024 contre 12,9 millions de dollars en 2023. Les marges de contribution des produits sont passées de 70,5% à 74,8%. Les expéditions internationales ont atteint 4,0 millions de dollars, représentant 20% des revenus totaux des produits. Le carnet de commandes de l'entreprise s'élevait à 5,4 millions de dollars à la fin de 2024, augmentant à 6,8 millions de dollars d'ici le 14 mars 2025.
Guerrilla RF (OTCQX: GUER) hat seine Finanzzahlen für das 4. Quartal und das gesamte Geschäftsjahr 2024 veröffentlicht, was ein signifikantes Wachstum in mehreren Bereichen zeigt. Der Umsatz im Geschäftsjahr 2024 stieg um 33,4% im Vergleich zu 2023 und erreichte 20,1 Millionen Dollar. Der Bruttogewinn sprang um 49,8% auf 12,8 Millionen Dollar, wobei sich die Margen um 660 Basispunkte auf 63,7% erweiterten.
Der Umsatz im 4. Quartal 2024 zeigte einen leichten Rückgang auf 4,4 Millionen Dollar von 4,7 Millionen Dollar im Vorjahr, hauptsächlich aufgrund eines Rückgangs der Automobilverkäufe um 42%. Die Infrastruktur wuchs jedoch um 10% und die Katalogmärkte expandierten um 62%, angetrieben durch Zuwächse im Bereich SatCom und drahtloser Audioübertragung.
Der Betriebsverlust des Unternehmens verbesserte sich auf 8,8 Millionen Dollar im Jahr 2024 von 12,9 Millionen Dollar im Jahr 2023. Die Produktbeitragsmargen stiegen von 70,5% auf 74,8%. Die internationalen Lieferungen erreichten 4,0 Millionen Dollar, was 20% des gesamten Produktumsatzes entspricht. Der Auftragsbestand des Unternehmens betrug zum Ende des Jahres 2024 5,4 Millionen Dollar und stieg bis zum 14. März 2025 auf 6,8 Millionen Dollar.
- Revenue growth of 33.4% year-over-year
- Gross profit increased 49.8% to $12.8 million
- Gross margin expanded 660 basis points to 63.7%
- Product contribution margins improved from 70.5% to 74.8%
- Operating loss reduced by $4.1 million
- International shipments increased to 20% of total revenue
- Backlog grew to $6.8 million by March 2025
- Q4 2024 revenue declined to $4.4 million from $4.7 million year-over-year
- 42% drop in Automotive sales in Q4 2024
- Operating loss of $8.8 million for 2024
- $1.5 million loss on extinguishment of debt
- Net loss per share of $1.12 in 2024
2024 Revenue grew
Gross profit increased
Gross Profit Expanded 660 basis points to

Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art radio frequency (RF) and microwave semiconductors, announced today that 2024 revenue grew by
Fourth quarter 2024 revenue decreased slightly over the same period in 2023, coming in at
Revenue for fiscal year 2024 increased
Gross profit for fiscal year 2024 was
Operating loss was
Fourth Quarter and Full Year 2024 Financial Result Highlights
-
The Company reported
in revenue for FY24 achieving the lower end of management’s revised full year 2024 guidance of between$20.1 million and$20.0 .$25.0 million -
Contribution margin of
74.8% for FY24, compared favorably to70.5% for FY23, indicating price stability as revenue grows. -
Gross profit increased
49.8% to for the FY24 compared to$12.8 million for FY23.$8.6 million -
Gross profit increased for fiscal year 2024 to
63.7% of revenue as compared to57.1% for fiscal year 2023. Full year operating expenses increased to$0.1 million for FY24 compared to$21.6 for FY23, while revenue expanded over 33.4 percent, reflecting the continued impact of previously announced expense management efforts.$21.5 million -
Operating loss was
for 2024 as compared to$8.8 million for 2023.$12.9 million -
Research and development expenses decreased
to$0.6 million for the year ended December 31, 2024, compared to$9.7 million for the year ended December 31, 2023.$10.3 million -
We continue to invest in Sales and Marketing, which increased
to$0.6 million for 2024.$9.7 million -
Backlog (a non-GAAP measure) remained steady quarter-over-quarter, ending 2024 at
. Subsequent to year end, backlog increased to$5.4 million by March 14, 2025.$6.8 million -
During the year ended December 31, 2024, we recognized a loss of
on extinguishment of debt a change in fair value related to warrant liabilities gain of$1.5 million .$2.2 million -
Net loss per share was
and$1.12 for fiscal year 2024 and 2023, respectively.$2.25 -
International shipments amounted to
(approximately$4.0 million 20% of total product revenue) and (approximately$2.3 million 16% of total product revenue) for the years ended December 31, 2024, and December 31, 2023, respectively.
Key Metrics (Non-GAAP Measures)
We regularly review the following key metrics to measure our performance, identify trends affecting our business, formulate financial projections, make strategic business decisions, and assess working capital needs.
|
|
Year Ended December 31, |
|
||||||
|
|
|
2024 |
|
|
2023 |
|
||
Key Metrics |
|
|
|
|
|
|
|
|
|
Number of products released |
|
|
|
32 |
|
|
|
12 |
|
Number of total products |
|
|
|
163 |
|
|
|
131 |
|
Number of products with lifetime revenue exceeding |
|
|
|
73 |
|
|
62 |
|
|
Product backlog (in millions) |
|
|
$ |
5.44 |
|
$ |
5.96 |
|
Financial Tables
The following table compares condensed elements of the Company’s summarized Consolidated Balance Sheets as of December 31, 2024, and 2023, the Consolidated Statements of Operations for the three-month periods and years ended December 31, 2024, and 2023 respectively.
Guerrilla RF, Inc. |
||||||||
Consolidated Balance Sheets |
||||||||
December 31, 2024 and 2023 |
||||||||
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
||
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
Cash |
|
$ |
7,974,650 |
|
|
$ |
781,318 |
|
Accounts receivable, net |
|
|
2,232,696 |
|
|
|
2,079,111 |
|
Inventories, net |
|
|
1,838,370 |
|
|
|
1,533,592 |
|
Prepaid expenses |
|
|
450,293 |
|
|
|
458,313 |
|
Total Current Assets |
|
|
12,496,009 |
|
|
|
4,852,334 |
|
|
|
|
|
|
|
|
|
|
Prepaid expenses and other |
|
|
123,185 |
|
|
|
- |
|
Intangible assets, net |
|
|
346,547 |
|
|
|
- |
|
Operating lease right-of-use assets |
|
|
9,465,427 |
|
|
|
10,500,620 |
|
Property, plant, and equipment, net |
|
|
2,493,355 |
|
|
|
3,659,084 |
|
Total Assets |
|
$ |
24,924,523 |
|
|
$ |
19,012,038 |
|
|
|
|
|
|
|
|
|
|
Liabilities, Redeemable Preferred Stock and Stockholders' Deficit |
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
$ |
2,040,862 |
|
|
$ |
2,099,537 |
|
Short-term debt |
|
|
828,492 |
|
|
|
1,628,667 |
|
Derivative liabilities |
|
|
- |
|
|
|
158,000 |
|
Warrant liabilities |
|
|
1,495,516 |
|
|
|
- |
|
Operating lease liability, current portion |
|
|
669,001 |
|
|
|
745,969 |
|
Finance lease liability, current portion |
|
|
667,718 |
|
|
|
978,543 |
|
Convertible notes |
- | 78,905 |
||||||
Convertible notes - related parties |
- |
700,189 |
||||||
Notes payable, current portion, net |
|
|
500,000 |
|
|
|
10,948,668 |
|
Total Current Liabilities |
|
|
6,201,589 |
|
|
|
17,338,478 |
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
|
440,879 |
|
|
|
698,600 |
|
Operating lease liability |
|
|
5,636,793 |
|
|
|
6,176,508 |
|
Finance lease liability |
|
|
828,171 |
|
|
|
1,593,979 |
|
Notes payable |
|
|
4,000,000 |
|
|
|
- |
|
Total Liabilities |
|
|
17,107,432 |
|
|
|
25,807,565 |
|
|
|
|
|
|
|
|
|
|
Commitments and Contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Series A convertible preferred stock, |
|
|
20,033,555 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Stockholders' Deficit |
|
|
|
|
|
|
|
|
Undesignated preferred stock, |
|
|
- |
|
|
|
- |
|
Common stock, |
|
|
1,024 |
|
|
|
789 |
|
Additional paid-in capital |
|
|
41,575,012 |
|
|
|
36,243,146 |
|
Accumulated deficit |
|
|
(53,792,500 |
) |
|
|
(43,039,462 |
) |
Total Stockholders' Deficit |
|
|
(12,216,464 |
) |
|
|
(6,795,527 |
) |
Total Liabilities, Convertible Preferred Stock and Stockholders' Deficit |
|
$ |
24,924,523 |
|
|
$ |
19,012,038 |
|
Guerrilla RF, Inc. |
||||||||||
Consolidated Statements of Operations |
||||||||||
For the Quarters Ended December 31, 2024 and 2023 |
||||||||||
Three Months Ended December 31, |
||||||||||
2024 |
|
|
2023 |
|
|
|||||
Product revenue |
$ |
4,390,398 |
|
$ |
4,691,474 |
|
||||
Royalties and non-recurring engineering |
|
- |
|
|
10,709 |
|
||||
Total |
|
4,390,398 |
|
|
4,702,183 |
|
||||
Direct product cost |
|
1,740,054 |
|
|
2,029,472 |
|
||||
Gross Profit |
|
2,650,344 |
|
|
2,672,711 |
|
||||
Operating Expenses: |
||||||||||
Research and development |
|
2,536,500 |
|
|
2,268,047 |
|
||||
Sales and marketing |
|
1,565,472 |
|
|
1,239,458 |
|
||||
General and administrative |
|
1,666,436 |
|
|
1,265,030 |
|
||||
Total Operating Expenses |
|
5,768,408 |
|
|
4,772,535 |
|
||||
Operating Loss |
|
(3,118,064 |
) |
|
(2,099,824 |
) |
||||
Interest income |
|
99,861 |
|
|
- |
|
||||
Interest expense |
|
(225,233 |
) |
|
(1,441,967 |
) |
||||
Loss on debt extinguishment |
|
- |
|
|
- |
|
|
|||
Change in fair of derivative liabilities |
|
- |
|
|
(94,800 |
) |
||||
Change in fair of warrant liabilities |
|
4,821,659 |
|
|
- |
|
|
|||
Other income (expense) |
|
(552 |
) |
|
(26,255 |
) |
||||
Total other income (expenses), net |
|
4,695,735 |
|
|
(1,563,022 |
) |
||||
Net Income (Loss) |
$ |
1,577,671 |
|
$ |
(3,662,846 |
) |
||||
|
Guerrilla RF, Inc. |
||||||||
Consolidated Statements of Operations |
||||||||
For the Years Ended December 31, 2024 and 2023 |
||||||||
|
|
Year Ended December 31, |
|
|||||
|
|
2024 |
|
|
2023 |
|
||
Product |
|
$ |
20,113,523 |
|
|
$ |
14,683,492 |
|
Royalties and non-recurring engineering |
|
|
2,377 |
|
|
|
394,824 |
|
Total Revenue |
|
|
20,115,900 |
|
|
|
15,078,316 |
|
|
|
|
|
|
|
|
|
|
Direct product costs |
|
|
7,302,192 |
|
|
|
6,473,477 |
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
|
12,813,708 |
|
|
|
8,604,839 |
|
|
|
|
|
|
|
|
|
|
Operating Expenses: |
|
|
|
|
|
|
|
|
Research and development |
|
|
9,707,128 |
|
|
|
10,282,635 |
|
Sales and marketing |
|
|
6,251,254 |
|
|
|
5,677,141 |
|
General and administrative |
|
|
5,618,389 |
|
|
|
5,569,654 |
|
Total Operating Expenses |
|
|
21,576,771 |
|
|
|
21,529,430 |
|
|
|
|
|
|
|
|
|
|
Operating Loss |
|
|
(8,763,063 |
) |
|
|
(12,924,591 |
) |
|
|
|
|
|
|
|
|
|
Interest income |
|
|
163,735 |
|
|
|
- |
|
Interest expense |
|
|
(3,267,653 |
) |
|
|
(2,904,454 |
) |
Loss on debt extinguishment |
|
|
(1,523,221 |
) |
|
|
- |
|
Change in fair value of derivative liabilities |
|
|
158,000 |
|
|
|
(142,200 |
) |
Change in fair value of warrant liabilities |
|
|
2,198,051 |
|
|
|
- |
|
Other income |
|
|
281,113 |
|
|
|
4,951 |
|
Total Other Expenses, net |
|
|
(1,989,975 |
) |
|
|
(3,041,703 |
) |
Net Loss |
|
$ |
(10,753,038 |
) |
|
$ |
(15,966,294 |
) |
Guerrilla RF, Inc. |
||||||||
Consolidated Statements of Cash Flows |
||||||||
For the Years Ended December 31, 2024 and 2023 |
||||||||
|
|
Year Ended December 31, |
|
|||||
|
|
2024 |
|
|
2023 |
|
||
Cash flows from operating activities |
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(10,753,038 |
) |
|
$ |
(15,966,294 |
) |
|
|
|
|
|
|
|
|
|
Adjustment to reconcile net loss to net cash used in operating activities |
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
1,513,798 |
|
|
|
1,592,567 |
|
Share-based compensation |
|
|
1,693,814 |
|
|
|
1,279,536 |
|
Non-cash interest expense related to debt financing |
|
|
413,727 |
|
|
|
407,710 |
|
Accretion of notes payables |
|
|
1,250,499 |
|
|
|
1,130,731 |
|
Impairment on property plant and equipment and operating lease |
|
|
- |
|
|
|
115,438 |
|
Loss on extinguishment of debt |
|
|
1,523,221 |
|
|
|
- |
|
Change in fair value of derivative liabilities |
|
|
(158,000 |
) |
|
|
142,200 |
|
Change in fair value of warrant liabilities |
|
|
(2,198,051 |
) |
|
|
- |
|
Inventory allowance |
|
|
214,913 |
|
|
|
9,661 |
|
|
|
|
|
|
|
|
|
|
Changes in assets and liabilities: |
|
|
|
|
|
|
|
|
Accounts receivable |
|
|
(153,585 |
) |
|
|
(954,140 |
) |
Inventories |
|
|
(519,691 |
) |
|
|
129,672 |
|
Prepaid expenses |
|
|
134,442 |
|
|
|
1,125,369 |
|
Accounts payable and accrued expenses |
|
|
(34,343 |
) |
|
|
(2,366,260 |
) |
Operating lease liability |
|
|
418,510 |
|
|
|
(101,180 |
) |
Net cash used in operating activities |
|
|
(6,653,784 |
) |
|
|
(13,454,990 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
|
|
Purchases of property, plant, and equipment |
|
|
(380,880 |
) |
|
|
(101,714 |
) |
Purchase of intangible assets |
|
|
(371,300 |
) |
|
|
- |
|
Net cash used in investing activities |
|
|
(752,180 |
) |
|
|
(101,714 |
) |
|
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
|
|
Proceeds from stock options exercised |
|
|
6,000 |
|
|
|
- |
|
Proceeds from notes payable, derivative liabilities and factoring agreement |
|
|
13,206,729 |
|
|
|
16,759,886 |
|
Principal payments of notes payable and recourse factoring agreement |
|
|
(21,474,031 |
) |
|
|
(10,590,115 |
) |
Proceeds from equity financing, net |
|
|
24,616,598 |
|
|
|
5,440,658 |
|
Principal payments on finance lease |
|
|
(979,170 |
) |
|
|
(1,043,149 |
) |
Repayments of finance insurance premiums |
|
|
(746,830 |
) |
|
|
(569,665 |
) |
Payment of deferred offering costs |
|
|
(30,000 |
) |
|
|
- |
|
Net cash provided by financing activities |
|
|
14,599,296 |
|
|
|
9,997,615 |
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash |
|
|
7,193,332 |
|
|
|
(3,559,089 |
) |
|
|
|
|
|
|
|
|
|
Cash, beginning of period |
|
|
781,318 |
|
|
|
4,340,407 |
|
Cash, end of period |
|
$ |
7,974,650 |
|
|
$ |
781,318 |
|
About Guerrilla RF, Inc.
Founded in 2013, Guerrilla RF, Inc., develops and manufactures high-performance, state-of-the-art radio frequency (RF) and microwave semiconductors for wireless OEMs in multiple high-growth market segments, including 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. The Company has shipped over 200 million devices and has repeatedly been included in Inc. Magazine’s annual "Inc. 5000" list. Guerrilla RF recently made the top "Inc. 500" list for the second year in a row. 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/20250327530585/en/
Sam Funchess, VP of Corporate Development
ir@guerrilla-rf.com
+1 336 510 7840
Source: Guerrilla RF, Inc.